Planit:Default Revenues (Canada)

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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

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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

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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.

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.