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T2 tax calculations
Capital dividend account
  Capital dividend account and ECP disposal |
| Program(s) affected: |
T2 |
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Document created: |
February 27, 2003 |
| Tax year(s): |
2003 |
Document last modified: |
December 16, 2003 |
| Version(s): |
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Problem status: |
Fixed |
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Why is the capital dividend account calculated incorrectly
if an eligible capital property disposal has occurred?
The capital dividend account appears to be inflated
where a disposal of eligible capital property has occurred.
DT Max includes 25% of the net proceeds into the CDA, instead of
the non taxable portion of the gain from the disposal of ECP
net of non eligible expenditures.
This problem is now fixed in version 7.01.
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