Exemption for cooperative society dividends removed from statute, altering tax treatment of those dividend receipts. Section 82 originally provided a tax exemption for dividends received by a member of a co operative society; the provision has since been omitted by ... Summary
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Exemption for cooperative society dividends removed from statute, altering tax treatment of those dividend receipts.
Section 82 originally provided a tax exemption for dividends received by a member of a co operative society; the provision has since been omitted by subsequent finance legislation, removing that specific statutory exemption and leaving the tax treatment of such dividends to be governed by the remaining provisions and general principles of the Income tax Act.
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