Dividend stripping - Shares/units are acquired within a period of 3 months prior to the Record date of dividend BUT sold "AFTER" 3 months of record date

General
1

Dividend stripping - Shares/units are acquired within a period of 3 months prior to the Record date of dividend but sold “after” 3 months of the record date.

Will this cause Dividend stripping?

Example - 25 Dec, 2020 is the record date. I bought before 25 Dec, 2020 and sold on March 29, 2021

2

Hi,

Income Tax Act (Section 94) mentions that the provisions dealing with dividend stripping will be applicable, only if the dividend receivable by the person is “exempt”. Due to the recent changes in the manner dividend income is taxed, dividend stripping is for most purposes redundant. So, in the given scenario, dividend stripping will not be applicable (provided the dividend income is taxable to the recipient).