Sure. Under the new dual rate dividend tax credit proposals that are included in this bill, dividends may be eligible for a higher rate of dividend tax credit in the hands of the individual shareholder, if those dividends are paid out of income that was subject to the high rate of corporate income tax.
Now, a shareholder doesn't need to go and find out from the corporation whether or not the dividend is paid out of income subject to the high rate of corporate income tax. The corporation will tell the shareholder by designating that dividend.
It may be possible, however, for a corporation to designate a greater amount of dividends as being eligible for the high-rate dividend tax credit than are actually eligible. If that's the case, then that corporation would have an excessive dividend designation.