Income Tax Act — I-3.3 129
 that is a property. ( revenu de placement total ) Canadian investment income [Repealed, 1996, c. 21, s. 32] eligible portion of a corporation’s taxable capital gains or allowable capital losses for a taxation year is the total of all amounts each of which is the portion of a taxable capital gain or an allowable capital loss, as the case may be, of the corporation for the year from a disposition of a property that, except where the property was a designated property (within the meaning assigned by subsection 89(1)), cannot reasonably be regarded as having accrued while the property, or a property for which it was substituted, was property of a corporation other than a Canadian-controlled private corporation, a substantive CCPC, an investment corporation, a mortgage investment corporation or a mutual fund corporation. ( fraction admissible ) eligible refundable dividend tax on hand , of a particular corporation at the end of a taxation year, means the amount, if any, by which the total of (a) the total of the taxes payable under Part IV by the particular corporation for the year in respect of (i) eligible dividends received by the particular corporation in the year from corporations other than corporations with which the particular corporation is connected (in this paragraph, within the meaning assigned by subsection 186(4) on the assumption that the other corporation is at that time a payer corporation within the meaning of that subsection), (ii) taxable dividends received by the particular corporation in the year from corporations that are connected with the particular corporation to the extent that such dividends caused a dividend refund to those corporations from their eligible refundable dividend tax on hand, and (iii) eligible dividends received by the particular corporation in a taxation year that began after 2018 from corporations (referred to in this subparagraph as “payer corporations”) that are connected with the particular corporation to the extent that such dividends (A) caused a dividend refund to those payer corporations from their refundable dividend tax on hand at the end of their first taxation year that ended after 2018, and (B) are not otherwise included in determining the particular corporation’s eligible refundable dividend tax on hand, and (b) where the particular corporation was a private corporation at the end of its preceding taxation year, the particular corporation’s eligible refundable dividend tax on hand at the end of that preceding year exceeds (c) the total of all amounts each of which is the portion, if any, of the particular corporation’s dividend refund from its eligible refundable dividend tax on hand determined, for its preceding taxation year, under (i) subparagraph (1)(a)(i), and (ii) clause (1)(a)(ii)(B). ( impôt en main remboursable au titre de dividendes déterminés ) foreign investment income of a corporation for a taxation year is the amount that would be its aggregate investment income for the year if (a) every amount of its income, loss, capital gain or capital loss for the year that can reasonably be regarded as being from a source in Canada were nil, (b) no amount were deducted under paragraph 111(1)(b) in computing its taxable income for the year, and (c) this Act were read without reference to paragraph (a) of the definition income or loss in this subsection. ( revenu de placement étranger ) income or loss of a corporation for a taxation year from a source that is a property (a) includes the income or loss from a specified investment business carried on by it in Canada other than income or loss from a source outside Canada, but (b) does not include (i) the income or loss from any property that is incident to or pertains to an active business carried on by it, (ii) the income or loss from any property that is used or held principally for the purpose of gaining or producing income from an active business carried on by it, or (iii) for each election made for the year under subsecti