by Ryan Douglas | Oct 1, 2018 | Blog, Business Owners, corporate
Many business owners are unaware that corporate owned life insurance combined with the Capital Dividend Account (CDA) provides an opportunity to distribute corporate surplus on the death of a shareholder to the surviving shareholders or family members...
by Ryan Douglas | Feb 27, 2017 | Blog, Business Owners, Capital dividend account, Key person, Life Insurance, Shareholders
What is the Purpose of the Capital Dividend Account? Capital Dividend Account (CDA) is a special corporate tax account which gives shareholders designated capital dividends, tax-free. This account is not recorded in the corporation’s taxable accounting entries or...
