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Technical Interpretation - Internal summary

26 May 2003 Internal T.I. 2003-0002297 F - Fonds commun de placement-Dépenses gén. -- summary under Subsection 104(6)

In those cases, the trust will be able to apply those expenses against its income other than taxable dividends, including against its net taxable capital gains … in order to allow for the maximum possible flow-through of the dividend tax credit to a beneficiary or beneficiaries, provided that this method does not contravene the legislative provisions relating to trusts or the trust agreement. ...