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Nov 20, 2024 8:53 pm
My corporation has a balance of about $30,000 in its RDTOH account. How can my corporation get this money back?
1 Reply
Nov 20, 2024 9:00 pm
Hi Suresh,
There are two types of RDTOH accounts—NERDTOH and ERDTOH. Your corporation should pay you an eligible dividend to receive a refund from the ERDTOH account and a non-eligible dividend to receive a refund from the NERDTOH account. Your corporation will receive a refund of $38 for every $100 dividend paid.