The Part IV tax is assessed on all of the dividends received from connected corporations.

Name: The Part IV tax is assessed on all of the dividends received from connected corporations.
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Part IV tax is specifically designed to apply to certain dividends received by a private corporation from another corporation with which it is not connected, to prevent income from being taxed at preferential rates that apply to inter-corporate dividends.

The Part IV Tax Is Assessed on All of the Dividends