CRA considers pass-through trust dividends to be received at the end of the trust's taxation year

S. 104(19) deems a dividend received by a trust which it designates to be a dividend of a beneficiary to have been received by the beneficiary "in" the trust's taxation year.  CRA considers that this means that the dividend was deemed to be received by the beneficiary on the last day of the trust's taxation year.  This would be relevant if the beneficiary has a different taxation year.

Neal Armstrong.  Summary of 14 January 2013 T.I. 2012-0465131E5 under s. 104(19).