Dividend Gross Up 2024 Canada
Dividend Gross Up 2024 Canada. For the three months ended june 30, 2024, the company had net income of $227.3 million, or $4.54 basic and $4.34 diluted. The canada revenue agency (cra) offers a tax credit to ensure that dividends aren’t taxed twice.
For 2024, equinor plans to pay a $0.35 per share ordinary dividend and a $0.35 per share extraordinary dividend each quarter. Can you explain why dividends are grossed up and why i have to pay tax on more than i’ve earned?