Difference between revisions of "Planit:Default Revenues (Canada)"

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When withdrawals have been entered, dividend distributions utilize any available CDA notional balance first to pay out a capital dividend, then pay out non-eligible dividends as needed to satisfy the requested withdrawal.
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In the final year of the holding company for an “unstructured windup” i.e. no withdrawals have been entered and there are assets in the corporation, all proceeds are distributed as a non-eligible dividend, and CDA notional balance is not utilized.
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'''***In some cases, the holding company may not recover RDTOH related to the final capital gain. ***'''
  
  

Latest revision as of 15:06, 4 June 2021


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There is more than one way to learn about PlanPlus Planit. Check out our other Training options, from structured tracks around planning types, to self-serve, mix-and-match topics.



In this Video you will Learn...
What are the revenues that automatically appear on the Pensions & Other Revenues screen?
• Government benefit assumptions
• Salary, tax deductions
• Asset disposition - personal use and holdco

Keep on Track! Continue training on...
Life Planning Integrated Planning
Modular Planning Pensions and Other Revenues Screen

Other Related Topics
Add a Revenue Disposition Strategy CPP Benefits
OAS Benefits Government Benefit Assumptions EPF Tax Deductions
Introduction to the Cash Flow Management Screen Introduction to the Pensions and Other Revenues Screen (Canada) Holding Company


The material in this video may differ somewhat from what you see on your site due to difference in version, jurisdiction, corporate content or access level. Regardless of these differences most of the core functions are consistent across all sites, so you'll be able to benefit by and large from what you learn in this video.


Planit.gif Learn by Reading!


When withdrawals have been entered, dividend distributions utilize any available CDA notional balance first to pay out a capital dividend, then pay out non-eligible dividends as needed to satisfy the requested withdrawal.

In the final year of the holding company for an “unstructured windup” i.e. no withdrawals have been entered and there are assets in the corporation, all proceeds are distributed as a non-eligible dividend, and CDA notional balance is not utilized.

***In some cases, the holding company may not recover RDTOH related to the final capital gain. ***


The screen will be pre-populated with any government benefits that are applicable as illustrated here. The CPP and OAS is based on your entries on the Planning Assumptions screen. You will also notice it will carry over any salaries that were entered in on the Cash flow screen.