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  • Market value and deemed rate of return methods



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    There will be no credits for foreign taxes where the FIF income is worked out under the market value or deemed rate of return methods.

    In these cases, credits for foreign tax will apply only when distributions are received from the FIF. The current foreign tax credit system rules, as outlined above, apply to these distributions.

    Last modified: 08 Jun 2005QC 27386