A redemption of shares may result in an ITA 84(3)deemed dividend. As the redemption is also a disposition, there may also be a capital gain. Explain how tax legislation avoids some part of the proceeds received for the shares from being double counted as both a deemed dividend and a capital gain.

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The Answer of A redemption of shares may result in an ITA 84(3)deemed dividend. As the redemption is also a disposition, there may also be a capital gain. Explain how tax legislation avoids some part of the proceeds received for the shares from being double counted as both a deemed dividend and a capital gain.

A Redemption of Shares May Result in an ITA 84(3)deemed