Capital gains stripping

Commentary: 55(2)

Budget 2015: Expanded the Scope of 55(2) Tax Avoidance of Corporate Capital Gains (Section 55) The Income Tax Act contains an anti-avoidance rule that generally taxes as capital gains certain otherwise tax-deductible inter-corporate dividends. This rule typically applies where a corporation that is about to dispose of shares of another corporation receives from that other corporation tax-deductible […]

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