I-3, r. 1 - Regulation respecting the Taxation Act

Section 1086r14 Disposition versions

2012-09-01

1086R14. A cooperative that, in a calendar year, redeems preferred shares it issued as a qualified patronage dividend, within the meaning of section 726.27 of the Act, must file an information return in prescribed form in respect of the transaction, indicating therein, in particular, the amount of the redemption.

For the purposes of the first paragraph, a cooperative is deemed to redeem the preferred shares issued by the cooperative that are identical properties in the order in which it issued them.

s. 1086R7.7; O.C. 1249-2005, s. 44; O.C. 134-2009, s. 1.