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What is it?
A capital dividend account is a notional account that increases or decreases when you create capital gains or losses. You aren’t going to see a capital dividend account on any of your bank records or investment records.
Before watching this video, be sure to watch my previous video for a more in-depth explanation of taxes on capital gains.
How it works
Here is an example of $1,000,000 of farmland inside of the corporation worth $800,000, for a gain of worth $200,000
Watch the full video to see how the benefits but also why you should be careful when it comes to losses!
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