My accounts include a CCPC investment account. However, the account does not show up in the withdraw priority list, therefore no money is being withdrawn from the account by the Time Machine. How do you ensure that the Time Machine can take money from the CCPC Investment Account?
You and your CCPC are entirely separate entities for the CRA, and we treat them as such too. The TIME MACHINE treats the CCPC accounts quite differently than your own accounts.
To get money from the CCPC, you need to specify how the payments will be made in INCOMES.
You add INCOME entries, specifying what type of income you want (Salary from your CCPC, Non-eligible dividends, Eligible dividends, or Capital dividends).
The TIME MACHINE will pay those to you if it can from Retained Earnings first (which come from any REVENUES that you entered), and then from the CCPC Investment accounts if not enough earnings. It’ll invest more in the accounts if there are excess earnings. Salary and Non-eligible dividends are usually not a problem to pay out, but for Eligible dividends, or Capital dividends the CCPC there are limits imposed by the CRA based on the balance of notional accounts like the GRIP and CDA. For the current year, these are captured in the TIME MACHINE tab right before you go to run it.
The TIME MACHINE enforces those limits and keeps the notional accounts updated for future years to get the limits and taxes correct. It will put a Warning if it can’t pay out the income you’ve asked for.
If you have entered more than one CCPC account, these may appear in your Priorities, but that is just to tell the TM when it has the choice, of which account to deposit/withdraw first, just in the context of the CCPC.