Update on GRIP and LR1P Calculations: Anomalies in and Problems with the Rules.

Authors :: Carreiro, Steven
crosbie, Ian
Source :: Report of Proceedings of the Annual Tax Conference Convened by the Canadian Tax Foundation; 2009 Conference Report, p12:1-12:38, 38p
Publication Year :: 2009
Abstract: The article focuses on the introduction of the new tax regime for dividends and the rules for calculating low-rate income pool (LRIP) and general-rate income pool (GRIP) in Canada. It explores the anomalies and problems that can arise from the limited coverage of the transitional GRIP addition for the 2001-2005 taxation years, as well as issues of amalgamations and windups, and payment of intercompany dividends. It discusses GRIP and LRIP considerations in acquisitions and mergers.

Subjects :: TAXATION of dividends
INCOME tax
TAXATION of mergers & acquisitions
CORPORATE tax laws

Language :: English
ISSN :: 03163571
Database :: Supplemental Index
Journal :: Report of Proceedings of the Annual Tax Conference Convened by the Canadian Tax Foundation
Publication Type :: Conference
Accession number :: 66819108

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