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acquisition

Summary Under

acquisition of home is when it becomes habitable

A single individual (Mr. X) acquired a land lot in 2000, made contributions to his FHSA starting in May 2023 and on February 1, 2024, signed an...

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Words and Phrases

Summary Under

no acquisition of property by the obligor corporation when its debt repaid or employee stock option exercised

S.49(3) did not apply to deem the exercise of employee stock options held by a non-resident former employee to not be a disposition of the...

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Words and Phrases

Full Title

Côté-Létourneau v. The Queen, 2010 DTC 1116 [at at 3092], 2007 TCC 91

Summary Under

The Court rejected a submission of the taxpayers that shares issued to them by a corporation were not acquired by them: in order for them to...

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Words and Phrases

Full Title

Stantec Inc. v. The Queen, 2008 TCC 400 (Informal Procedure), aff'd 2009 FCA 285

Summary Under

"acquisition" of shares includes cancellation of those shares on a Delaware merger; "in relation to" to be construed broadly

The appellant acquired a US public company ("Keith") in a Delaware merger (in which Keith Industries merged into the appellant's US subsidiary,...

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Words and Phrases