Income Tax Act — I-3.3 89
 eligible dividend paid by the corporation in its preceding taxation year exceeds (ii) the total of all amounts each of which is an excessive eligible dividend designation made by the corporation in its preceding taxation year, or (b) if subsection (4) applies to the corporation in the particular taxation year, nil, and B is the amount determined by the formula H × (I – J) where H is the corporation’s general rate factor for the particular taxation year, I is the total of the corporation’s full rate taxable incomes (as would be defined in the definition full rate taxable income in subsection 123.4(1), if that definition were read without reference to its subparagraphs (a)(i) to (iii)) for the corporation’s preceding three taxation years, determined without taking into consideration the specified future tax consequences, for those preceding taxation years, that arise in respect of the particular taxation year, and J is the total of the corporation’s full rate taxable incomes (as would be defined in the definition full rate taxable income in subsection 123.4(1), if that definition were read without reference to its subparagraphs (a)(i) to (iii)) for those preceding taxation years; ( compte de revenu à taux général ) low rate income pool , at any particular time in a particular taxation year, of a corporation (in this definition referred to as the “non-CCPC”) that is resident in Canada and is in the particular taxation year neither a Canadian-controlled private corporation nor a deposit insurance corporation, is the amount determined by the formula (A + B + C + D + E + F) - (G + H) where A is the non-CCPC’s low rate income pool at the end of its preceding taxation year, B is the total of all amounts each of which is an amount deductible under section 112 in computing the non-CCPC’s taxable income for the year in respect of a taxable dividend (other than an eligible dividend) that became payable, in the particular taxation year but before the particular time, to the non-CCPC by a corporation resident in Canada, C is the total of all amounts determined under subsections (8) to (10) in respect of the non-CCPC for the particular taxation year, D is (a) if the non-CCPC was a substantive CCPC at any time in its preceding taxation year or would, but for paragraph (d) of the definition Canadian-controlled private corporation in subsection 125(7), be a Canadian-controlled private corporation in its preceding taxation year, 80% of its aggregate investment income for its preceding taxation year, and (b) in any other case, nil, E is (a) if the non-CCPC was not a Canadian-controlled private corporation in its preceding taxation year, 80% of the amount determined by multiplying the amount, if any, deducted by the corporation under subsection 125(1) for that preceding taxation year by the quotient obtained by dividing 100 by the rate of the deduction provided under that subsection for that preceding taxation year, and (b) in any other case, nil, F is (a) if the non-CCPC was an investment corporation in its preceding taxation year, four times the amount, if any, deducted by it under subsection 130(1) for its preceding taxation year, and (b) in any other case, nil, G is the total of all amounts each of which is a taxable dividend (other than an eligible dividend, a capital gains dividend within the meaning assigned by subsection 130.1(4) or 131(1) or a taxable dividend deductible by the non-CCPC under subsection 130.1(1) in computing its income for the particular taxation year or for its preceding taxation year) that became payable by the non-CCPC (a) in the particular taxation year but before the particular time, or (b) in the preceding taxation year, but only to the extent of the lesser of (i) the amount included under the description of D in the particular taxation year, and (ii) the portion of the taxable dividend that did not reduce the non-CCPC’s low rate income pool in the preceding taxation year, and H is the total of all amounts each of