Which of the following conditions must be met in order for a resident Canadian corporation to be able to deduct dividends from a non-resident corporation?

Question

Quizplus · Accepted Answer

The Canadian corporation must meet all three conditions in order to be able to deduct dividends from a non-resident corporation. The dividend must be paid out of active business income, the active business income must be earned in a country with which Canada has a tax treaty or has entered into a tax exchange information agreement, and the non-resident corporation must be a foreign affiliate.

Which of the Following Conditions Must Be Met in Order