Company: CSCIF
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001641172-25-003456
Chunk: 143

Company: COSCIENS Biopharma Inc.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 6
Chunk 143
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 deemed to be taxable Canadian property to the Non-Resident
holder.

  96  

A
Non-Resident holder’s capital gain (or capital loss) in respect of Common Shares that constitute or are deemed to constitute taxable
Canadian property (and are not “treaty-protected property” as defined in the Tax Act) will generally be computed in the manner
described below under the heading “ Holders Resident in Canada - Disposition of Common Shares”. If the Common Shares were
to cease being listed on the NASDAQ, the TSX or another “recognized stock exchange” (as defined in the Tax Act), a Non-Resident
holder who disposes of Common Shares that are taxable Canadian property may be required to fulfill the requirements of section 116 of
the Tax Act, unless the Common Shares are “treaty-protected property” (as defined in the Tax Act) of the disposing Non-Resident
holder.

Non-Resident
holders whose Common Shares are taxable Canadian property should consult their own tax advisors.

Taxation
of Dividends on Common Shares

Dividends
paid or credited or deemed to be paid or credited to a Non-Resident holder by the Company are subject to Canadian withholding tax at
the rate of 25% unless reduced by the terms of an applicable tax treaty or convention. Under the Canada - United States Tax Convention
(1980) (the “ Convention U. S. holder

Holders
Resident in Canada

The
following discussion applies to a holder of Common Shares who, at all relevant times, for purposes of the Tax Act, is or is deemed to
be resident in Canada (a “ Canadian holder

Taxation
of Dividends on Common Shares

Dividends
received or deemed to have been received on the Common Shares will be included in a Canadian holder’s income for purposes of the
Tax Act. Such dividends received or deemed to have been received by a Canadian holder that is an individual (other than certain trusts)
will be subject to the gross-up and dividend tax credit rules generally applicable under the Tax Act in respect of dividends received
on shares of taxable Canadian corporations. Generally, a dividend will be eligible for the enhanced gross-up and dividend tax credit
if the Company designates the dividend as an “eligible dividend” (within the meaning of the Tax Act) in accordance with the
provisions of the Tax Act. There may be limitations on the ability of the Company to designate dividends as eligible