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.
Dear Sirs:
RE: Paragraph 55(5)(f) of the Income Tax Act
This is in reply to your letter of August 28, 1985 wherein you requested our interpretation of the above paragraph when applied to a dividend deemed to have been received by virtue of subsection 84(3) of the Act.
Where a corporation is deemed to have received a dividend pursuant to subparagraph 84(3) of the Act, any portion of which is a taxable dividend, the corporation may designate any portion of that taxable dividend to be a separate taxable dividend pursuant to subparagraph 55(5)(f)(i) of the Act. The balance of the taxable dividend is deemed to be a separate taxable dividend under the provision of subparagraph 55(5)(f)(ii) of the Act, which itself is then eligible for a further designation under subparagraph 55(5)(f)(i) of the Act.
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 1985
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1985
Email this Content