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

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 not a corporation described in paragraph (a), the amount, if any, determined by the formula A × B/C where A is the lesser of the total of all amounts each of which is an eligible dividend paid by the corporation at that time, and the corporation’s low rate income pool at that time, B is the amount of the eligible dividend, and C is the amount determined under subparagraph (i) of the description of A, and

Full text

unless paragraph (c) applies to the dividend, if the corporation is not a corporation described in paragraph (a), the amount, if any, determined by the formula A × B/C where A is the lesser of the total of all amounts each of which is an eligible dividend paid by the corporation at that time, and the corporation’s low rate income pool at that time, B is the amount of the eligible dividend, and C is the amount determined under subparagraph (i) of the description of A, and
2007-02-21 to 2019-01-01 View Source

unless paragraph (c) applies to the dividend, if the corporation is not a corporation described in paragraph (a), the amount, if any, determined by the formula A × B/C where A is the lesser of the total of all amounts each of which is an eligible dividend paid by the corporation at that time, and the corporation’s low rate income pool at that time, B is the amount of the eligible dividend, and C is the amount determined under subparagraph (i) of the description of A, and