Company: CSCIF
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001641172-25-003456
Chunk: 144

Company: COSCIENS Biopharma Inc.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 6
Chunk 144
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 dividends. A Canadian
holder that is a corporation will be required to include such dividends in computing its income and will generally be entitled to deduct
the amount of such dividends in computing its taxable income. In certain circumstances, subsection 55(2) of the Tax Act may treat a taxable
dividend received by a Canadian holder that is a corporation as proceeds of disposition or a capital gain. A Canadian holder that is
a “private corporation” or a “subject corporation” (as such terms are defined in the Tax Act), may be liable
under Part IV of the Tax Act to pay a refundable tax on dividends received or deemed to have been received on the Common Shares to the
extent such dividends are deductible in computing the holder’s taxable income.

Disposition
of Common Shares

A
disposition, or a deemed disposition, of a Common Share by a Canadian holder will generally give rise to a capital gain (or a capital
loss) equal to the amount by which the proceeds of disposition of the share, net of any reasonable costs of disposition, exceed (or are
less than) the adjusted cost base of the share to the holder. Such capital gain (or capital loss) will be subject to the treatment described
below under “ Taxation of Capital Gains and Capital Losses”.

Additional
Refundable Tax

A
Canadian holder that is a “ Canadian-controlled private corporation” (as such term is defined in the Tax Act) may be liable
to pay an additional refundable tax on certain investment income including amounts in respect of “ Taxable Capital Gains”,
as defined below.

  97  

Taxation
of Capital Gains and Capital Losses

In
general, one half of any capital gain (a “ Taxable Capital Gain Allowable Capital Loss

Alternative
Minimum Tax

A
Taxable Capital Gain realized and taxable dividends received or deemed to have been received by a Canadian holder who is an individual
(including a trust, other than certain specified trusts) may give rise to liability for alternative minimum tax.

Material
U. S. Federal Income Tax Considerations

The
following discussion is a summary of the material U. S. federal income tax consequences applicable to the purchase, ownership and disposition
of Common Shares by a U. S. Holder (as defined below), but does not purport to be a complete analysis of all potential U. S. federal income
tax effects. This summary is based on the Internal Revenue Code of 1986, as amended (the “