Connected company Tax
We have a parent corproation that generate revenue and is held by 3 other corporations at roughly 33% each.
This parent corporation generates revenue and pays the Small Business Tax rate. If we decide to move the retained earning into the 3 other corporations, would there be any taxes applicable here given the connected company nature?
Many thanks to all!
This parent corporation generates revenue and pays the Small Business Tax rate. If we decide to move the retained earning into the 3 other corporations, would there be any taxes applicable here given the connected company nature?
Many thanks to all!