3 September 1991 T.I. (Tax Window, No. 8, p. 21, ¶1436)

S.84(3) does not apply to deem a dividend to have been paid when shares of a corporation owned by its wholly-owned subsidiary are cancelled on the winding-up of the subsidiary.

S.84(3) does not apply to deem a dividend to have been paid when shares of a corporation owned by its wholly-owned subsidiary are cancelled on the winding-up of the subsidiary.