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Versions of s. 184(5)

I-3.3 — Income Tax Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2013-06-26 to present available View Source
    TheIf penaltyeach person who, in respect of an election made under subsection 184(3.1)(3), oris 184(3.2)deemed inby relationsubsection (3) to have received a dividend at a particular dividendtime is analso, amount equal toat the productparticular obtainedtime, whena $500person all of whose taxable income is multipliedexempt byfrom thetax proportionunder thatPart the number of months or parts of months during the period commencing on the day the dividend became payable and ending on the day on which that election was made is of 12.I,
    Full text

    If each person who, in respect of an election made under subsection (3), is deemed by subsection (3) to have received a dividend at a particular time is also, at the particular time, a person all of whose taxable income is exempt from tax under Part I,

  2. 2004-08-31 to 2013-06-26 View Source

    The penalty in respect of an election under subsection 184(3.1) or 184(3.2) in relation to a particular dividend is an amount equal to the product obtained when $500 is multiplied by the proportion that the number of months or parts of months during the period commencing on the day the dividend became payable and ending on the day on which that election was made is of 12.