Ministère de l'Emploi et de la Solidarité sociale
Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

I-3 - Taxation Act

Section 744.2.2
Disposition versions

Full text
744.2.2. A qualified dividend is not to be included in the aggregate determined under paragraph b of section 744.2 where the trust referred to in that section establishes that
(a)  it was received when the trust, the beneficiary and persons with whom the beneficiary was not dealing at arm’s length did not own in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received; and
(b)  it was received on a share that the trust owned throughout the 365-day period that ended immediately before the disposition of the share by the trust.
2001, c. 7, s. 99; 2012, c. 8, s. 109.
744.2.2. A dividend shall not be included in the aggregate determined under paragraph b of section 744.2 where the trust referred to in that section establishes that
(a)  it was received when the trust, the beneficiary and persons with whom the beneficiary was not dealing at arm’s length did not own in total more than 5% of the issued shares of any class of the capital stock of the corporation from which the dividend was received; and
(b)  it was received on a share that the trust owned throughout the 365-day period that ended immediately before the disposition of the share by the trust.
2001, c. 7, s. 99.
© Gouvernement du Québec