Income Tax Act — I-3.3 212
f paragraph 60(l); Registered education savings plan (r) a payment that is (i) required by paragraph 56(1)(q) to be included in computing the non-resident person’s income under Part I for a taxation year, and (ii) not required to be included in computing the non-resident person’s taxable income or taxable income earned in Canada for the year; Registered disability savings plan (r.1) an amount that would, if the non-resident person had been resident in Canada throughout the taxation year in which the amount was paid, be required by paragraph 56(1)(q.1) to be included in computing the non-resident person’s income for the taxation year; Home insulation or energy conversion grants (s) a grant under a prescribed program of the Government of Canada relating to home insulation or energy conversion; NISA Fund No. 2 payments (t) a payment out of a NISA Fund No. 2 to the extent that that amount would, if Part I applied, be required by subsection 12(10.2) to be included in computing the person’s income for a taxation year; Amateur athlete trust payments (u) a payment in respect of an amateur athlete trust that would, if Part I applied, be required by section 143.1 to be included in computing the person’s income for a taxation year; Payments under an eligible funeral arrangement (v) a payment made by a custodian (within the meaning assigned by subsection 148.1(1)) of an arrangement that was, at the time it was established, an eligible funeral arrangement, to the extent that such amount would, if the non-resident person were resident in Canada, be included because of subsection 148.1(3) in computing the person’s income; (w) a payment out of a trust that is, or was, at any time, an employee life and health trust, except to the extent that it is a payment of a designated employee benefit (as defined by subsection 144.1(1)); Tax informant program (x) a payment of an amount described in paragraph 56(1)(z.4); or First home savings account (y) a payment out of a FHSA, other than any portion of the payment that is transferred in accordance with subsection 146.6(7). Tax on dividends (2) Every non-resident person shall pay an income tax of 25% on every amount that a corporation resident in Canada pays or credits, or is deemed by Part I or Part XIV to pay or credit, to the non-resident person as, on account or in lieu of payment of, or in satisfaction of, (a) a taxable dividend (other than a capital gains dividend within the meaning assigned by subsection 130.1(4), 131(1) or 133(7.1)); or (b) a capital dividend. Exempt dividends (2.1) Subsection (2) does not apply to an amount paid or credited, by a borrower, under a securities lending arrangement or a specified securities lending arrangement if (a) the amount is deemed by subparagraph 260(8)(a)(ii) to be a dividend; (b) either (i) the arrangement is a fully collateralized arrangement, or (ii) the borrower and the lender are dealing at arm’s length; and (c) the security that is transferred or lent to the borrower under the securities lending arrangement is a share of a class of the capital stock of a non-resident corporation. Interest — definitions (3) The following definitions apply for the purpose of paragraph (1)(b). fully exempt interest means (a) interest that is paid or payable on a bond, debenture, note, mortgage, hypothecary claim or similar debt obligation (i) of, or guaranteed (otherwise than by being insured by the Canada Deposit Insurance Corporation) by, the Government of Canada, (ii) of the government of a province, (iii) of an agent of a province, (iv) of a municipality in Canada or a municipal or public body performing a function of government in Canada, (v) of a corporation, commission or association to which any of paragraphs 149(1)(d) to (d.6) applies, or (vi) of an educational institution or a hospital if repayment of the principal amount of the obligation and payment of the interest is to be made, or is guaranteed, assured or otherwise specifically provided for or secured by the