Canadian Pacific Railway Limited dividends eligible for new dividend tax regime
25 Gennaio 2007 - 11:30PM
PR Newswire (US)
CALGARY, Jan. 25 /PRNewswire-FirstCall/ -- Canadian Pacific Railway
Limited (TSX/NYSE: CP) 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 December 11, 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. Canadian Pacific,
through the ingenuity of its employees located across Canada and in
the United States, intends to be the safest, and most fluid railway
in North America. Our people are the key to delivering innovative
transportation solutions to our customers and to ensuring the safe
operation of our trains through the more than 900 communities where
we operate. Our combined ingenuity makes Canadian Pacific a better
place to work, rail a better way to ship, and North America a
better place to live. Come and visit us at http://www.cpr.ca/ to
see how we can put our ingenuity to work for you. DATASOURCE:
Canadian Pacific Railway CONTACT: Media: Leslie Pidcock, Tel.:
(403) 319-6878, e-mail: ; Investment Community: Janet Weiss,
Assistant Vice-President Investor Relations, Tel.: (403) 319-3591,
e-mail:
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