Archived - Legislative Proposals and Explanatory Notes Relating to Income Tax

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Dividend Taxation

Published by
The Honourable James M. Flaherty, P.C., M.P.
Minister of Finance

June 2006


Notice to the reader: 

The text in this document is an exact copy of the text found in the PDF version. However, the software used to produce this version cannot fully reproduce the underlining and sidebar features found in the other formats. These formats of the document can be found by clicking on the following link:

PDF Version - [176 KB]

To access a Portable Document Format (PDF) file you must have a PDF reader installed. If you do not already have such a reader, there are numerous PDF readers available for free download or for purchase on the Internet.

Related document:


Table of Contents


Clause in Legislation Section of the Act Amended Topic

Legislative Proposals
1 15(1.1) Consequential Amendment to Subsection 15(1.1)
2 82(1) Taxable Dividends Received
3 87(2) Consequential Amendments to Subsection 87(2)
4 88(1)(e.2) Consequential Amendment to Paragraph 88(1)(e.2)
5 89(1) Definitions
"eligible dividend"
"excessive eligible dividend designation"
"general rate income pool"
"low rate income pool"
89(4) GRIP Addition: Becoming a CCPC
89(5) GRIP Addition: Post-amalgamation
89(6) GRIP Addition: Post-winding-up
89(7) GRIP Addition for 2006
89(8) LRIP Addition: Ceasing to be a CCPC
89(9) LRIP Addition: Post-amalgamation
89(10) LRIP Addition: Post-winding-up
89(11) to (13) Election: Non-CCPC
89(14) Dividend Designation
89(15) Interpretation - Deposit Insurance Corporations
6 121 Dividend Tax Credit for Eligible Dividends
7 125(7) Interpretation - "Canadian-controlled private corporation"
8 127.52(1)(f) Consequential Amendment to Paragraph 127.52(1)(f)
9 Part III.1 Additional Tax on Excessive Eligible Dividend Designations
185.1(1) Tax on Excessive Eligible Dividend Designations
185.1(2) to (4) Election
185.2 Rules Applicable to Part III.1
10 248 Interpretation
248(1) Definitions
"eligible dividend"
"excessive eligible dividend designation"
"general rate income pool"
"low rate income pool"
11 249(4.1) Deemed Year-end on Status Change

Explanatory Notes