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I-3 - Taxation Act

Section 588
Disposition versions

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588. A corporation resident in Canada, in computing, at any time in a taxation year, the adjusted cost base of a share of the capital stock of a foreign affiliate of the corporation, shall deduct any amount deducted by it in computing its taxable income under section 749 for the year or a preceding year in respect of any dividend received by it on such share before that time.
1975, c. 22, s. 160; 1997, c. 3, s. 71.
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