Section 121 — Income Tax Act: Deduction for taxable dividends

There may be deducted from the tax otherwise payable under this Part by an individual for a taxation year the total of the product of the amount, if any, that is required by subparagraph 82(1)(b)(i) to be included in computing the individual’s income for the year multiplied by for the 2018 taxation year, 8/11, and for taxation years after 2018, 9/13, and the product of the amount, if any, that is required by subparagraph 82(1)(b)(ii) to be included in computing the individual’s income for the year multiplied by for the 2009 taxation year, 11/18, for the 2010 taxation year, 10/17, for the 2011 taxation year, 13/23, and for taxation years after 2011, 6/11.