What is the increase in yipings 2018 taxable income

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Reference no: EM132406991

Question

Yiping received the following dividends in 2018:

$20,000 from a Canadian public corporation

$10,000 capital dividend from a Canadian-controlled private corporation (CCPC)

stock dividend of $3,000 in shares of a CCPC's capital stock (with a zero GRIP balance)

$2,000 cash dividends from a foreign public company; a tax of $500 paid to the foreign government has been deducted from this dividend

What is the increase in Yiping's 2018 taxable income as a result of these dividends?

Reference no: EM132406991

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