TERMIUM Plus®

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CLOSELY-HELD PUBLIC CORPORATION [1 record]

Record 1 1994-10-26

English

Subject field(s)
  • Commercial and Other Bodies (Law)
  • Corporate Structure
CONT

As a means of providing better integration between the personal and corporate income tax systems, a refundable tax is imposed on certain dividends received by private corporations (and certain closely-held public corporations). The rate of this tax will be increased, as of January 1, 1995, to 33 1/3 per cent to bring it more into line with the personal income tax imposed on dividends.

French

Domaine(s)
  • Organismes commerciaux ou non (Droit)
  • Structures de l'entreprise
Key term(s)
  • société ouverte à petit nombre d'actionnaires

Spanish

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