[Verse 1] When your C-corp sends dividends your way CRA has rules for how you'll pay Three surplus pools you need to trace From the day you became resident in this place Exempt and taxable, pre-acquisition too Year by year tracking is what you must do [Chorus] Surplus pools, surplus pools Three buckets with different rules Exempt flows tax-free and clean Taxable gets the foreign tax machine Pre-acquisition hits your base Calculate them all, keep up the pace Surplus pools, surplus pools Master these compliance tools [Verse 2] Exempt surplus is the golden prize Tax-free dividends before your eyes Generated from active business income In low-tax countries, let the savings come But track it carefully from day one Or CRA will say your calculation's done [Chorus] Surplus pools, surplus pools Three buckets with different rules Exempt flows tax-free and clean Taxable gets the foreign tax machine Pre-acquisition hits your base Calculate them all, keep up the pace Surplus pools, surplus pools Master these compliance tools [Verse 3] Taxable surplus joins your income line But foreign tax credits help you shine Deduct the underlying tax you paid So double taxation starts to fade Include the dividend, claim the credit Complex but fair when properly edited [Bridge] Pre-acquisition surplus tells a different tale Reduces your share cost without fail Watch your adjusted cost base fall Capital gains may come to call If it drops below zero's line Taxable gains become your fine [Chorus] Surplus pools, surplus pools Three buckets with different rules Exempt flows tax-free and clean Taxable gets the foreign tax machine Pre-acquisition hits your base Calculate them all, keep up the pace Surplus pools, surplus pools Master these compliance tools [Outro] From residency date, track every year Keep your records crystal clear Three pools of surplus, three different ways Navigate the cross-border maze
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