Versions of s. 89(6)(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

if the subsidiary was, in its taxation year during which its assets were distributed to the parent on the winding-up (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 by the formula A - B where A is the subsidiary’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 subsidiary in its last taxation year exceeds the total of all amounts each of which is an excessive eligible dividend designation made by the subsidiary in its last taxation year; and

Full text

if the subsidiary was, in its taxation year during which its assets were distributed to the parent on the winding-up (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 by the formula A - B where A is the subsidiary’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 subsidiary in its last taxation year exceeds the total of all amounts each of which is an excessive eligible dividend designation made by the subsidiary in its last taxation year; and
2007-02-21 to 2019-01-01 View Source

if the subsidiary was, in its taxation year during which its assets were distributed to the parent on the winding-up (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 by the formula A - B where A is the subsidiary’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 subsidiary in its last taxation year exceeds the total of all amounts each of which is an excessive eligible dividend designation made by the subsidiary in its last taxation year; and