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Dividends

They say the best things in life are free.  That's what Capital Dividends are to ...

They say the best things in life are free. That's what Capital Dividends are to ...

AUTHOR: PAUL SPARE - CPA, CA

They say the best things in life are free. That’s what Capital Dividends are to shareholders of Canadian small businesses.

When a Canadian controlled private corporation generates a capital gain from the sale of investments or the sale of capital assets, such as land or business goodwill, one half of the gain is subject to corporate income tax. So what happens to the other half of the gain?

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