Topics include: Association • Tax implications of being "associated" • Who is "associated" for income tax purposes? • Basic rules of association • Advanced rules of association 3rd corporation rule, election Specified class shares Shares held by corporations, partnerships, trusts, minors • Control Legal ("de jure") vs. factual ("de facto") Simultaneous Control by group Control by value • Examples of application - various scenarios • Recent developments in association SBD grind due to AAII SR&ED expenditure limit CCA immediate expensing limit General Rate Income Pool (GRIP) • What is integration? How does it work? Why are dividends "eligible" and "non-eligible"? • What is GRIP and why does it exist? • How is GRIP calculated? Formula Example - GRIP computation • GRIP anomalies in Ontario 26.5% (actual) vs. 28% (expected) provincial tax rate Impact of AAII rules - federal but not provincial Refundable Dividend Tax on Hand (RDTOH) • What is RDTOH and why does it exist? • How is RDTOH calculated? Refundable Part I tax on AII Part IV tax on "portfolio" dividends Part IV tax on "connected" dividends Example - RDTOH computation • New RDTOH regime - 2 is better than 1? Purpose of the new regime ERDTOH NERDTOH Dividend refund Example - ERDTOH & NERDTOH computation