Words and Phrases - "contingent liability"
20 October 2004 Internal T.I. 2004-0086501I7 F - Droits compensateurs
obligation to repay suppliers for extra US countervailing duties charge made to them was contingent until a board decision reversed such duties
In 2001, the U.S. government began imposed countervailing and anti-dumping duties ("CADD") on the export of softwood lumber products from Canada,...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(vv) | posting of bonds for US countervailing duties did not constitute their being “paid” for s. 20(1)(vv) purposes | 264 |
Wawang Forest Products Ltd. v. The Queen, 2001 DTC 5212, 2001 FCA 80
If the taxpayer paid a logging contractor in full upon delivery to it of cut wood, it would be subject to liability to the workers' compensation...
Words and Phrases
contingent liability| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(e) | potential for holdback amounts not to be claimed did not render them contingent | 229 |
Mandel v. The Queen, 78 DTC 6518, [1978] CTC 780 (FCA), briefly aff'd 80 DTC 6148, [1980] CTC 130, [1980] 1 S.C.R. 318
Summary Under
Tax Topics - Income Tax Act - Section 13 - Subsection 13(21) - Undepreciated Capital Cost - Acontingent purchase price liability not part of cost until paid
A partnership purchased a film in an advanced state of production for a purchase price computed as the audited cost of production to the date of...
Words and Phrases
contingent liability