Which of the Following Conditions Is Not Required for ITA

question 84

Multiple Choice

Which of the following conditions is not required for ITA 84.1 (dividend stripping rules) to be applicable?

• A)The shares that are disposed of must have been held as capital property.
• B)The subject corporation must be associated with the purchaser corporation after the disposition of the shares.
• C)The share disposition must be made to a corporation with which the taxpayer does not deal at arm's length.
• D)The taxpayer who disposes of the shares must be a Canadian resident.

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Definitions:

Gestalt View

A psychological approach that looks at the human mind and behavior as a whole.

Synesthesia

A condition in which one sense is simultaneously perceived by one or more additional senses. For example, seeing colors when hearing music.

Cones

Photoreceptor cells in the retina of the eye responsible for color vision and function best in relatively bright light.

Rods

Photoreceptor cells in the retina of the eye that are sensitive to low light levels and play a key role in night vision.