Ostroff, Fair and Company
*Ostroff, Fair and Company>>>Canada Taxes

Tax processing of dividend received from an affiliated company?


In order to determine the income of a partnership, how do I process the dividend received from a private corporation whose the partership owns 25% of the shares?
Is it different from dividend received from a corporation in which it owns a few shares?

There is no dividend received deduction for a partnership. Post it as dividend income and it will pass through to the partners.
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