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TCC

Katz v. Human Resources, 2012 TCC 232

Citation: 2012 TCC 232 Date: 20120627 Docket: 2012-200(OAS)   BETWEEN:   SHARON KATZ, Appellant, and   THE MINISTER OF HUMAN RESOURCES AND SKILLS DEVELOPMENT, Respondent.     Docket: 2012-203(OAS)   AND BETWEEN:   THE ESTATE OF THE LATE ZENO WIONZEK, Appellant, and   THE MINISTER OF HUMAN RESOURCES AND SKILLS DEVELOPMENT, Respondent.     ... Minister of Human Resources Development [2006] T.C.J. No. 302 and of Henriques v. ...
Public Transaction Summary

ExxonMobil/InterOil -- summary under Canadian Buyco

ExxonMobil/InterOil-- summary under Canadian Buyco Summary Under Tax Topics- Public Transactions- Mergers & Acquisitions- Cross-Border Acquisitions- Inbound- Canadian Buyco Acquisition by ExxonMobil Canadian purchaser of InterOil for fixed-value ExxonMobil shares and escrowed cash payment subject to reduction based on subsequent resource estimate Overview It is proposed that a newly-incorporated B.C. subsidiary of ExxonMobil will acquire InterOil under a Yukon Plan of Arrangement. ... However the cash “contingent resource payment” (or “CRP”) of U.S.$26.87 per share, which will be held under an escrow arrangement, will have to be repaid in full to AcquisitionCo if an interim resource assessment of a PNG natural gas project of InterOil, which is expected to be completed in the 2nd quarter of 2017, shows a resource of less than 6.2 trillion cubic feet equivalent ("tcfe"), and with the CRP having to be so repaid on a pro rata basis if the interim assessment shows a resource of between 6.2 and 10 tcfe. ... It is expected that the Interim Resource Certification will be completed in the second quarter of 2017, and that the CRP Payouts will be made shortly thereafter. ...
Technical Interpretation - External

21 August 1995 External T.I. 9514935 - CANADIAN RESOURCE PROPERTY

Principal Issues: Meaning of "real property" and "mineral resource content" in definition for Canadian resource property, 66(15) of the Act. ... As the term is used in Canadian resource property, " mineral resource content" means minerals situated in the "mineral resource" as that term is defined in subsection 248(1) of the Act. ... For the purpose of paragraph (f) of the definition for Canadian resource property in subsection 66(15) of the Act, "mineral resource content" refers to the mineral resource that is situated in or derived from the real property. ...
Technical Interpretation - Internal

23 October 1989 Internal T.I. F2959 F - Resource Industries

F2959 F- Resource Industries Unedited CRA Tags 66.8(2)     October 23, 1989 Ms. ... Burnett/957-2078 Resource Industries Division   File No. F-2959 Subsection 66.8(2) of the Income Tax Act This is in response to the memorandum of May 5, 1989 prepared by F. ...
TCC

Giroux v. Canada (Human Resources and Skills Development), 2012 TCC 340

Canada (Human Resources and Skills Development), 2012 TCC 340         Docket: 2011-3103(OAS) BETWEEN: CLÉMENT GIROUX, Appellant, and   THE MINISTER OF HUMAN RESOURCES AND SKILLS DEVELOPMENT CANADA Respondent. ... Translation certified true on this 9th day of November 2012 Margarita Gorbounova, Translator         Citation: 2012 TCC 340 Date: 20120927 Docket: 2011-3103(OAS) BETWEEN: CLÉMENT GIROUX, Appellant, and   THE MINISTER OF HUMAN RESOURCES AND SKILLS DEVELOPMENT CANADA Respondent. ... The Minister of Human Resources and Skills Development Canada, 2011 TCC 485 (CanLII). ...
FCA

Canada (Attorney General) v. Imperial Oil Resources Limited, 2009 FCA 325

BETWEEN: THE ATTORNEY GENERAL OF CANADA Appellant And IMPERIAL OIL RESOURCES LIMITED AND IMPERIAL OIL RESOURCES VENTURES LIMITED Respondent s       Heard at Toronto, Ontario on October 28, 2009. ... BETWEEN: THE ATTORNEY GENERAL OF CANADA Appellant and IMPERIAL OIL RESOURCES LIMITED AND IMPERIAL OIL RESOURCES VENTURES LIMITED Respondents     REASONS FOR JUDGMENT SHARLOW J.A ...   [6]                As a counterbalance, resource producers became entitled to a federal abatement, replaced in 1976 by a new statutory deduction called the “resource allowance”. ...
Technical Interpretation - External

21 June 2021 External T.I. 2021-0892971E5 - Mineral Resource - Gold and Gravel Deposits

21 June 2021 External T.I. 2021-0892971E5- Mineral Resource- Gold and Gravel Deposits Unedited CRA Tags Definition of "mineral resource" in subsection 248(1) Principal Issues: Whether the gold deposit and the gravel deposit on the property fall within the definition of "mineral resource" in subsection 248(1). Position: The gold deposit is a mineral resource but the gravel deposit is not. ... “Mineral resource” is defined in subsection 248(1) of the Act as follows: mineral resource” means (a) a base or precious metal deposit, (b) a coal deposit, (c) a bituminous sands deposit or oil shale deposit, or (d) a mineral deposit in respect of which (i) the Minister of Natural Resources has certified that the principal mineral extracted is an industrial mineral contained in a non-bedded deposit, (ii) the principal mineral extracted is ammonite gemstone, calcium chloride, diamond, gypsum, halite, kaolin or sylvite, or (iii) the principal mineral extracted is silica that is extracted from sandstone or quartzite Since gold is a precious metal, the gold deposit on the Property qualifies as a “mineral resource” under paragraph (a) of that definition and no certification is required. ...
Miscellaneous severed letter

9 May 1990 Income Tax Severed Letter RRRR392 - Sources of income and resource profits

If the taxpayer decides not to claim the paragraph 20(1)(m) reserve, is the income that is included under paragraph 12(1)(a) considered to be resource income eligible for the resource allowances deduction? ... Once delivery has been made, there is no reserve, and the entire previous year's reserve would be income eligible for the resource allowance. ... Chief Resource Industries Section Bilingual Services & Resource Industries Division Rulings Directorate c. c. ...
Miscellaneous severed letter

9 May 1990 Income Tax Severed Letter 900480 - Sources of income and Resource Profits

9 May 1990 Income Tax Severed Letter 900480- Sources of income and Resource Profits TO S.G. ... If the taxpayer decides not to claim the paragraph 20(1)(m) reserve, is the income that is included under paragraph 12(1)(a) considered to be resource income eligible for the resource allowances deduction? ... Chief Resource Industries Section Bilingual Services & Resource Industries Division Rulings Directorate c.c. ...
Article Summary

Sarah S. Chiu, "Half-Year Rule and Amalgamations", Resource Sector Taxation, Volume IX, No. 2, 2013, p. 638 -- summary under Subsection 1100(2)

Chiu, "Half-Year Rule and Amalgamations", Resource Sector Taxation, Volume IX, No. 2, 2013, p. 638-- summary under Subsection 1100(2) Summary Under Tax Topics- Income Tax Regulations- Regulation 1100- Subsection 1100(2) A textual and contextual interpretation of the half-year rule suggests that the rule may not apply to amalgamations. ... See, also, Black & Decker Manufacturing Co. v. R., [1975] 1. S.C.R. 411 (S.C.C.).] ...

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