Income Tax Act — I-3.3 89
 of all amounts each of which is a reserve deducted in computing the corporation’s income for its preceding taxation year; G is the corporation’s capital dividend account, if any, immediately before the end of its preceding taxation year; and H is the corporation’s low rate income pool immediately before the end of its preceding taxation year. GRIP addition — post-amalgama­tion (5) If a Canadian-controlled private corporation or a deposit insurance corporation (in this subsection referred to as the “new corporation”) is formed as a result of an amalgamation (within the meaning assigned by subsection 87(1)), there shall be included in computing the new corporation’s general rate income pool at the end of its first taxation year the total of all amounts each of which is (a) in respect of a predecessor corporation that was, in its taxation year that ended immediately before the amalgamation (in this paragraph referred to as its “last taxation year”), a Canadian-controlled private corporation or a deposit insurance corporation, the positive or negative amount determined in respect of the predecessor corporation by the formula A - B where A is the predecessor corporation’s general rate income pool at the end of its last taxation year, and B is the amount, if any, by which (i) the total of all amounts each of which is an eligible dividend paid by the predecessor corporation in its last taxation year exceeds (ii) the total of all amounts each of which is an excessive eligible dividend designation made by the predecessor corporation in its last taxation year; or (b) in respect of a predecessor corporation (in this paragraph referred to as the “non-CCPC predecessor”) that was, in its taxation year that ended immediately before the amalgamation (in this paragraph referred to as its “last taxation year”), not a Canadian-controlled private corporation or a deposit insurance corporation, the amount determined by the formula A + B + C - D - E - F - G - H where A is the total of all amounts each of which is the cost amount to the non-CCPC predecessor of a property immediately before the end of its last taxation year, B is the amount of any money of the non-CCPC predecessor on hand immediately before the end of its last taxation year, C is the amount, if any, by which (i) the total of all amounts that, if the non-CCPC predecessor had had unlimited income for its last taxation year from each business carried on, and from each property held, by it in that last taxation year and had realized an unlimited amount of capital gains for that last taxation year, would have been deductible under subsection 111(1) in computing its taxable income for that last taxation year exceeds (ii) the total of all amounts deducted under subsection 111(1) in computing the non-CCPC predecessor’s taxable income for its last taxation year, D is the total of all amounts each of which is the amount of any debt owing by the non-CCPC predecessor, or of any other obligation of the non-CCPC predecessor to pay any amount, that was outstanding immediately before the end of its last taxation year, E is the paid up capital, immediately before the end of its last taxation year, of all of the issued and outstanding shares of the capital stock of the non-CCPC predecessor, F is the total of all amounts each of which is a reserve deducted in computing the non-CCPC predecessor’s income for its last taxation year, G is the non-CCPC predecessor’s capital dividend account, if any, immediately before the end of its last taxation year, and H is the non-CCPC predecessor’s low rate income pool immediately before the end of its last taxation year. GRIP addition — post-winding-up (6) If subsection 88(1) applies to the winding-up of a subsidiary into a parent (within the meanings assigned by that subsection) that is a Canadian-controlled private corporation or a deposit insurance corporation, there shall be included in computing the parent’s general rate income pool at the end of its taxation y