GT43353
Level 1

Issue a Dividend

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

GT43353
Level 1

Other Questions

Anyone able to help me with this?

ProFile Duncan
ProFile Team

Other Questions

Hi, 

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

GT43353
Level 1

Other Questions

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

Jack_Canada
Level 6

Other Questions

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.

GT43353
Level 1

Other Questions

that is too bad.

how do you do it manually?  is there a good resource you can share that shows how it is done?

Mario B
ProFile Team

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you can create a T5 slip with FX module

shelby113
Level 3

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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

 

Jack_Canada
Level 6

Other Questions

I just wanted provide an answer, but apparently Shelby113 had already done it. Since I don’t purchase the FX module of Profile, I do T4 and T5 slips/summaries manually.