Dividends to individuals and trusts
In June 2006, the federal government released draft legislation containing proposals to reduce the tax rate on certain dividends received after 2005 by individuals and trusts. Under this draft legislation, only “eligible dividends” qualify for the reduced effective tax rates. The draft legislation sets out rules for determining whether a corporation’s dividends are eligible, and those rules differ depending upon the status of the corporation, that is whether it’s a Canadian-controlled private or public corporation. The dividend-paying corporation is responsible for determining whether a dividend is eligible.
These new dividend tax rules have already been implemented by Canada Revenue Agency and Revenu Quebec.
All dividends paid by Co-operators General Insurance Company to individuals and trusts are eligible dividends with respect to these new reduced tax rates.
All ratings current as of April 18, 2023.
Co-operators Financial Services Limited
|Issuer Credit Rating||BBB||BBB (high)|
|Senior Unsecured Issues||BBB||BBB (high)|
Co-operators General Insurance Company
|Preferred Stock Rating||-||P-2||Pfd-2|
|Issuer Credit Rating||a||A-||A|
|Financial Strength Rating||A||A-||A|
Co-operators Life Insurance Company
|Issuer Credit Rating||a||-|
|Financial Strength Rating||A||A|
Sovereign General Insurance Company
|Issuer Credit Rating||a|
|Financial Strength Rating||A|
Our Annual Reports.
The quarterly financial reports of Co-operators General Insurance Company.
Corporate Governance Information
Key documents on the incorporation and corporate governance of Co-operators General Insurance Company.
Co-operators General Insurance Company preference shares (CCS.PR.C) on the Toronto Stock Exchange.
Investor Relations contact:
Vice-President, Corporate Finance Services
Phone: 519-767-3909 ex 302493