Our project requirements are as follows:

· Build a complete and audited calculation model of CCPC taxation

· The model should be built in Excel or another computation platform

· The model should span an indefinite number of tax years

· The model should be focused on the drawdown of corporate assets

The model should focus on CCPCs and must include the following:

• Operating revenue in
• Tracking of notional accounts such as LRIP vs GRIP, Refundable Dividend Tax on Hand (RDTOH), and Capital Dividend Account (CDA)
• Withdrawals out with customisable priorities between RDTOH, CDA, shareholder loans and non-eligible dividends.
• Shareholder allocation

Additional functionality that is desired but not required includes:

• Corporate-owned life insurance
• Capital losses and carry-forward
• Shareholder loans