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Level 3
January 25, 2023
Question

Issue a Dividend

  • January 25, 2023
  • 3 replies
  • 5 views

Hi

I took money out of my company so I will have to pay taxes on it on a personal level.  I would like to have the company issue a dividend.  Once that is done then I can claim it on my personal taxes.  How can I get the company to issue a dividend?

Thank you

This topic has been closed for replies.

3 replies

GT43353Author
Level 3
January 30, 2023

Anyone able to help me with this?

Level 8
January 31, 2023

Hi, 

Unfortunately the ProFile team cannot help with tax issues. Hopefully someone with experience will see this and respond.

GT43353Author
Level 3
February 8, 2023

Hi

I am asking how to do it in prophile so it isn't any different than asking how to use any other feature of the program.  doesn't the program have a feature that allows users to create a dividend slip that is sent to CRA?

thank you

Level 2
February 9, 2023

I have never been able to create a (presumably) T5 slip showing my corporation's dividends through Profile T1 or T2 modules. I have always done it manually.

Level 4
February 10, 2023

if you did not purchase the FX module of Profile, you can create the T5 manually, through CRA's webforms:

 

https://apps.cra-arc.gc.ca/ebci/leb0/webform/pub/disclaimer.action?request_locale=en