Versions of s. 89(1), definition “excessive eligible dividend designation”, para (a)

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.

2019-01-01 to present available View Source

unless paragraph (c) applies to the dividend, if the corporation is in the taxation year a Canadian-controlled private corporation or a deposit insurance corporation, the amount, if any, determined by the formula(A - B) × C/A where A is the total of all amounts each of which is the amount of an eligible dividend paid by the corporation in the taxation year, B is the greater of nil and the corporation’s general rate income pool at the end of the taxation year, and C is the amount of the eligible dividend,

Full text

unless paragraph (c) applies to the dividend, if the corporation is in the taxation year a Canadian-controlled private corporation or a deposit insurance corporation, the amount, if any, determined by the formula(A - B) × C/A where A is the total of all amounts each of which is the amount of an eligible dividend paid by the corporation in the taxation year, B is the greater of nil and the corporation’s general rate income pool at the end of the taxation year, and C is the amount of the eligible dividend,
2007-02-21 to 2019-01-01 View Source

unless paragraph (c) applies to the dividend, if the corporation is in the taxation year a Canadian-controlled private corporation or a deposit insurance corporation, the amount, if any, determined by the formula(A - B) × C/A where A is the total of all amounts each of which is the amount of an eligible dividend paid by the corporation in the taxation year, B is the greater of nil and the corporation’s general rate income pool at the end of the taxation year, and C is the amount of the eligible dividend,