Dividend distress!

[ryckman1]

Please help! My husband opened a small business which is incorporated. We hold equal shares. He can't afford to draw a salary but takes some money occassionally as a repayment for shareholder loan. His secretary makes more than him. Basically the business is meeting its expenses but not turning a profit. The accountant my husband uses gave us a T-5 stating we have over $50,000 of dividends. How do they come up with that amount? It seems we must declare it as income but the company did not make that money. His name is on the T-5 but I am an equal shareholder. How do we treat this on my return? I have a regular salary at another job. Thank you!

[nelsona]

This is not a cross-border issue, so is unlikely to be answered here.