Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
| |
November 16, 1990 |
| Rulings Directorate |
Current Amendments and |
| Director General |
Regulations Division |
| |
W.R. McColm |
| Attention: M. Ton-That |
957-2068 |
| |
F-3868 |
"Accrued and Unpaid Dividends" - 191(4) and "Unpaid Dividends" - 256(1.1)
This is in reply to your memo of November 7, 1990 concerning the above terms used in the respective subsections of the Income Tax Act and whether in policy terms they are intended to have the same meaning.
The policy intention is that both expressions are intended to have the same meaning, that is, they both mean declared and unpaid dividends and, where dividends are cumulative, not declared and in arrears, include such dividends.
R. D'AurelioDirectorCurrent Amendments and Regulations Division
c.c. B. ErneweinDepartment of Finance
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© Her Majesty the Queen in Right of Canada, 1990
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© Sa Majesté la Reine du Chef du Canada, 1990
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