25 January 2007
Canadian Pacific Railway Limited Dividends Eligible for New Dividend Tax Regime
Canadian Pacific Railway Limited
today announced that, unless indicated otherwise, all common share dividends
paid by Canadian Pacific Railway Limited ( including those paid during 2006 )
are eligible dividends as defined in Bill C-28 which received first reading in
the Senate on 11 Dec 2006.
Under this proposed legislation, eligible
dividends received by individuals resident in Canada in 2006 and subsequent
years will be entitled to a higher dividend gross-up and dividend tax credit,
resulting in a reduction in the income tax otherwise payable on those dividends.
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