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Versions of s. 191(6)

I-3.3 — Income Tax Act · 1 version · 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

    If at any time a corporation pays a dividend to a partnership, the corporation is, for the purposes of this subsection and paragraph (a) of the definition excluded dividend in subsection (1), deemed to have paid at that time to each member of the partnership a dividend equal to the amount determined by the formula A × B where A is the amount of the dividend paid to the partnership; and B is the member’s specified proportion for the last fiscal period of the partnership that ended before that time (or, if the partnership’s first fiscal period includes that time, for that first fiscal period).