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When calculated RDTOH do we consider both dividends paid and declared in the year?

When calculated RDTOH do we consider both dividends paid and declared in the year?

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Answer #1

For calculating RDTHO only dividend paid is considered.

To calculate the RDTOH at the end of the tax year, add the following amounts:

  • the RDTOH balance at the end of the previous tax year (minus any dividend refund issued to the corporation in the previous year)
  • the refundable portion of Part I tax from line 450
  • Part IV tax calculated on line 360 of Schedule 3
  • any balance of RDTOH transferred from a predecessor corporation on amalgamation, or from a wound-up subsidiary corporation
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