CCPC TIME MACHINE results

When you run a TIME MACHINE with a CCPC you are actually running two. The personal one and the business one.

They interact only through income received as salary or dividends to yourself or your spouse that you entered in INCOMES.

For every year the CCPC table shows:

  1. The small business deduction allowed for the year (SBD)
  2. Revenues received (REVENUES)
  3. SALARY paid
  4. Non-eligible dividends paid (NDIV paid)
  5. Eligible dividends paid (EDIV paid)
  6. Capital dividends paid (CDA paid)
  7. NET INCOME is what is added to RETAINED EARNINGS.
  8. HIGH-TAX income is the active income taxed at the high rate
  9. LOW-TAX income is the active income taxed at the low rate
  10. PASSIVE income is the passive income received from investments
  11. NET TAXES is the final taxes after tax refunds from RDTOH
  12. RETAINED EARNINGS after deposits or withdrawals from the investments accounts. RETAINED EARNINGS is like the Wallet account for the CCPC. If the balance is negative, the CCPC has a cash-flow problem. If the balance is high, you should consider paying out more salaries and non-eligible dividends or adding an investment account to the CCPC.
  13. The notional account balances
  14. For each investment account, its balance, net deposits and growth
  15. For each loan, its balance and net deposits
  16. For each insurance policy, its cash surrender value (CSV)

For the current year, revenues, salaries and dividends paid, are prorated to reflect what is left to be paid in the remainder of the year. The taxable income and tax values are shown for the full year.

Below the CCPC table are graphs for the total value of the CCPC, and for each account and loan separately.

By clicking on any year in the CCPC table, you can also see the detailed year report for the year, including a Sankey cash-flow diagram. As for your personal TIMETABLE reports, you'll see the sources for Cash In, Cash Out. The TAXES details the sources of taxable income and the taxes payable on active and passive income as well as any tax refunded from RDTOH. The Balance sheet includes the corporations accounts and loans as well as the notional account balances

There is also such a report for all years.

One thing to look out for here is the value of the notional accounts to help you gauge the timing of dividend withdrawals from your CCPC (input in INCOMES.)

The present dollar and future dollar tables are also included in the Excel download of the personal TIME MACHINE results.