I thought I would add some clarity to the designation of eligible dividends, as noted in the previous post notice from Canada Revenue Agency .. although you should direct your queries to your own tax preparer or CPA/CA/Accountant for tax professional advice. Background Effective January 1, 2007 the small business limit for Canadian Controlled Private Corporations (CCPC) and all groups of associated CCPCs .. will be increased to $400,000. That means that eligible small businesses will be able to earn $400,000 net taxable income and pay income taxes at a lower tax rate. If the business earns more than this [More]