Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Industrials Aerospace & Defense

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.

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Bombardier Inc.

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Comment by Aspertheoldmanon Jul 08, 2011 10:01pm

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Post# 18813348

RE: RE: RE: Tried to figure out what's going on wi

The corporations pays the taxes on the dividend.

Once in the hand of the shareholder, the tax paid by the corp. is recorded as a tax credit in the hand of the shareholder; it is called the 'Dividend tax Credit '.

Here's how it works

First the shareholder grosses up the real dividend received to incorporate approximatively the taxes paid by the corp.
The shareholder is then taxed at is personal income tax rate on this grossed up dividend. Then at the end, the taxes paid by the corp (the 'Gross up Amount' is deducted from the total income tax to be paid (the aforementioned 'dividend Tax Credit'

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