15 options: a) Eligible dividends are paid out of income that has been taxed at a preferential rate. b) A Canadian-controlled private corporation (CCPC) may pay out eligible dividends from the GRIP only at the end of the taxation year. c) If a public company has a positive balance in its low rate income pool (LRIP), none of the dividends paid to the extent of the positive balance in the LRIP can be designated as eligible dividends. d) The effective personal tax rate is higher on eligible dividends compared to non-eligible dividends