Tax: Passive Income 2019

There are two key pillars of the passive income proposals, which both take effect for taxation years beginning after December 31, 2018.

The first is a clawback of the small business deduction at a rate of $5 for every $1 of adjusted aggregate investment income exceeding $50,000 in the previous taxation year. The second change amends the existing refundable tax regime by creating two new refundable dividend tax pools, a non-eligible RDTOH account and an eligible RDTOH account. 


On demand, 1 CPD hour(s)

$59 ($198)

4.33 (3)

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Course Description

This webinar will cover the following:

  • A recap of the July 18th passive income tax proposals
  • The tax principle of integration
  • Tax policy considerations
  • Explanation of the ERDTOH & NERDTOH refundable pools
  • How to maximizing shareholder after tax-cash with multiple RDTOH pools
  • RDTOH transitional rules
  • Understanding the definition and components of Adjusted Aggregate Investment Income
  • Numerical examples of the small business deduction grind based on AAII
  • The impact of Ontario not adopting the AAII SBD grind 
  • Suggestions to to minimize the SBD grind

Join Jay Goodis, CPA, CA, the Co-Founder and CEO of Tax Templates Inc. on this timely informative webinar.



Course Walkthrough

  • Passive Income (Tax) - 2019
  • Navigating the New Passive Income Rules CCPCs and Their Shareholders (1)
  • Feedback / comments
  • Certificate: Tax: Passive Income 2019 F

About the Instructor(s)

Picture of Jay Goodis
Jay Goodis

Jay is the co-founder and CEO of Tax Templates Inc. He has broad expertise in Canadian taxation from nearly a decade of practice in national and mid-market accounting firms.

By combining his tax knowledge with proven process-building abilities, he specializes in developing tax planning and tax accounting software solutions to support Canadian professionals. His focus is on solving challenging tax needs, supporting growth and integrating efficiencies.

Jay has completed CPA Canada’s In-depth Tax courses, currently acts as the vice-president of the York District CPA Association, is a member of the Canadian Tax Foundation Corporate Management Tax Conference Committee, and is an executive with the Canadian Tax Foundation Young Practitioners Steering Committee.

He has spoken to CPAs across the country in many forums hosted by such organizations as the Canadian Tax Foundation, CPA Canada, CPA Ontario, CPDFormula, Luminari, and AJAG. Jay has also been invited to testify to the Standing Committee of Finance on federal budget consultations and has been invited to Parliament to provide recommendations on tax policy.