Regulation 21 Provision of information relating to payments of manufactured dividends

Subject to paragraph (2), where a dividend manufacturer pays a manufactured dividend, he shall furnish the recipient with a statement in writing showing the gross amount of the payment, the amount of tax deducted, and the actual amount paid, and section 352 of the Taxes Act^f1 shall not apply.

Where a qualifying person pays an approved manufactured payment to another qualifying person section 352 of the Taxes Act shall apply.