Versions of s. 89(5)(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

in respect of a predecessor corporation that was, in its taxation year that ended immediately before the amalgamation (in this paragraph referred to as its “last taxation year”), a Canadian-controlled private corporation or a deposit insurance corporation, the positive or negative amount determined in respect of the predecessor corporation by the formula A - B where A is the predecessor corporation’s general rate income pool at the end of its last taxation year, and B is the amount, if any, by which the total of all amounts each of which is an eligible dividend paid by the predecessor corporation in its last taxation year exceeds the total of all amounts each of which is an excessive eligible dividend designation made by the predecessor corporation in its last taxation year; or

Full text

in respect of a predecessor corporation that was, in its taxation year that ended immediately before the amalgamation (in this paragraph referred to as its “last taxation year”), a Canadian-controlled private corporation or a deposit insurance corporation, the positive or negative amount determined in respect of the predecessor corporation by the formula A - B where A is the predecessor corporation’s general rate income pool at the end of its last taxation year, and B is the amount, if any, by which the total of all amounts each of which is an eligible dividend paid by the predecessor corporation in its last taxation year exceeds the total of all amounts each of which is an excessive eligible dividend designation made by the predecessor corporation in its last taxation year; or
2007-02-21 to 2019-01-01 View Source

in respect of a predecessor corporation that was, in its taxation year that ended immediately before the amalgamation (in this paragraph referred to as its “last taxation year”), a Canadian-controlled private corporation or a deposit insurance corporation, the positive or negative amount determined in respect of the predecessor corporation by the formula A - B where A is the predecessor corporation’s general rate income pool at the end of its last taxation year, and B is the amount, if any, by which the total of all amounts each of which is an eligible dividend paid by the predecessor corporation in its last taxation year exceeds the total of all amounts each of which is an excessive eligible dividend designation made by the predecessor corporation in its last taxation year; or