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Ruling

2011 Ruling 2010-0353931R3 - Standard split-up butterfly

The share attributes of the DC Preferred Shares are as follows: non-voting, non-participating, XXXXXXXXXX % non-cumulative dividend entitlement, retraction/redemption value equal to $XXXXXXXXXX per share. 4. ... DC owns XXXXXXXXXX % of the issued and outstanding shares of SI. The remaining issued and outstanding shares of SI are owned as follows: Individual 3 owns XXXXXXXXXX % of the shares of SI and unrelated individuals own XXXXXXXXXX % of the shares of SI. ...
Ruling

2009 Ruling 2008-0289771R3 - Loss Consolidation

Opco is a taxable Canadian corporation and a public corporation whose common shares are listed for trading on the XXXXXXXXXX under the symbol "XXXXXXXXXX ". ... X controls a number of taxable Canadian corporations that collectively hold approximately XXXXXXXXXX % of the issued and outstanding XXXXXXXXXX. ... The management of Lossco and Newco has concluded that the interest rate to be charged on the Newco Demand Notes will not exceed XXXXXXXXXX %. 28. ...
Ruling

2010 Ruling 2010-0353911R3 - Loss Utilization

The market interest rate quoted by LossCo's lender for the month of XXXXXXXXXX, to a borrower with the similar borrowing capacity and credit rating as LossCo, is approximately XXXXXXXXXX %. ... The losses previously incurred and future losses are XXXXXXXXXX % allocable to XXXXXXXXXX (XXXXXXXXXX). 6. ... The dividend rate will be equal to XXXXXXXXXX % plus the interest rate on Loan 2. 17. ...
Ruling

2008 Ruling 2008-0289761R3 - Loss consolidation

The dividend rate on Newco Preferred Shares will be XXXXXXXXXX % over the interest rate on Loan 2; "Paragraph" means a numbered paragraph of this letter; "Proposed Transactions" means the transactions described in Paragraphs 5 to 14; "public corporation" has the meaning assigned by subsection 89(1); "related" has the meaning assigned by section 251; "specified financial institution" has the meaning assigned by subsection 248(1); "taxable Canadian corporation" has the meaning assigned by subsection 89(1); and "PUC" means "paid-up capital" and has the meaning assigned by subsection 89(1). ... Bco can be leveraged to a maximum of XXXXXXXXXX % of its net equity position, on a consolidated basis and it can borrow Loan 1 and still meet the financial tests required under its debt covenants. 8. ... Bco can be leveraged to a maximum of XXXXXXXXXX % of its net equity position, on a consolidated basis and it can borrow Loan 4 and still meet the financial tests required under its debt covenants; (e) Newco will use the proceeds of repayment of Loan 3 to redeem the Newco Preferred Shares held by E Co; (f) E Co will use the proceeds from the redemption of the Newco Preferred Shares to repay Loan 2; (g) B Co will use the amount received on the repayment of Loan 2 to repay Loan 4. 13. ...
Ruling

2009 Ruling 2009-0318261R3 - Ptnsp contracting out pro services to ptner corp

XXXXXXXXXX 2009-031826 XXXXXXXXXX, 2009 Dear XXXXXXXXXX: Re: Advance Income Tax Ruling XXXXXXXXXX (the "Partnership") XXXXXXXXXX (the " Electing Partners") We are writing in response to your letter of XXXXXXXXXX, in which you requested an advance income tax ruling on behalf of the Partnership and the Electing Partners. ... (c) XXXXXXXXXX % of the annual profit of the Partnership is distributed among the Partners based on the proportionate share of the Units held, while the other XXXXXXXXXX % is allocated to a "Bonus Pool", which is distributed among the Partners based on discretionary criteria. ... Some Partnership matters ("Special Resolutions") require the approval of Partners holding XXXXXXXXXX % of the outstanding Units holding voting rights. ...
Ruling

2008 Ruling 2007-0222741R3 - Oil sands project

ACO is a XXXXXXXXXX % owner of all these leases. 5. ACO acquired the Project Lands oil sands leases from the Province of XXXXXXXXXX. ... Phase II was XXXXXXXXXX % complete as of XXXXXXXXXX and is expected to start-up in early XXXXXXXXXX. ... XXXXXXXXXX % of XXXXXXXXXX bpd production target for Phases I and II). ...
Ruling

2007 Ruling 2007-0236821R3 F - Impôt de la partie VI.1

(k) "Bidco" signifie XXXXXXXXXX, une filiale en propriété exclusive de FCO constituée en vertu de la LCSA afin de procéder à l'acquisition des Actions de GCO; (l) "Carve-Out Agreement" signifie l'entente prévoyant les Carve-Out Transactions qui devra être conclue entre GCO et SpinCo; (m) "Carve-Out Transactions" signifie les opérations qui seront effectuées afin de transférer tous les Actifs Distribués en faveur de SH2 et de ses filiales; (n) "Convention d'Achat" ou "Put-Call Agreement" signifie l'entente qui sera conclue entre Bidco, FCO et GCO incluant, entre autres l'obligation irrévocable de Bidco de se porter acquéreur des actions de GCO Amalco en contrepartie de XXXXXXXXXX $ par action (ci-après la "Contrepartie en Argent") et de l'obligation irrévocable de GCO Amalco de vendre, au nom des actionnaires de GCO Amalco, les actions de GCO Amalco. ... Lors d'une demande d'Exercice au Comptant, GCO entend n'accepter un tel choix que si le porteur d'options accepte contractuellement de recevoir un billet en paiement de la portion du cours du marché par action excédent XXXXXXXXXX $ (ce dernier montant correspondant au prix comptant par action que Bidco a convenu de payer pour les actions de GCO Amalco qui seront acquises en vertu de l'Arrangement). ... Les actionnaires de GCO Amalco recevront de Bidco une somme de XXXXXXXXXX $ par Action de GCO. ...
Ruling

2006 Ruling 2006-0210271R3 - Income Trust Transfer

B CT owns XXXXXXXXXX% of the B LP Units and A CT, C CT and D CT each own XXXXXXXXXX % of A LP Units, C LP Units and D LP Units respectively. ... A Management, C Management and D Management each own XXXXXXXXXX % of the LP Units of A LP, C LP and D LP respectively. ... A GP, B GP, C GP and D GP act as GP of their respective LP and also own respectively a partnership interest of XXXXXXXXXX % in A LP, B LP, C LP and D LP. ...
Ruling

2005 Ruling 2005-0148381R3 F - Don d'actions d'une SPCC

Le PBR et le CV des Actions est de XXXXXXXXXX $ et leur JVM est approximativement de XXXXXXXXXX de dollars. 13. ... Le solde du compte IMRTD de GESTCO était de XXXXXXXXXX $ à la fin de son année d'imposition se terminant le XXXXXXXXXX. ... On estime que le IMRTD avant le Moment de la transaction sera environ XXXXXXXXXX $. ...
Ruling

2003 Ruling 2002-0174703 - Foreign Affiliate Reorganization

XXXXXXXXXX ("Fco"), a member of the Aco group of companies, owns XXXXXXXXXX % of the ownership interest of Eco. ... The outstanding XXXXXXXXXX shares of Fco are held by Eco (XXXXXXXXXX %) and XXXXXXXXXX ("Ico") (XXXXXXXXXX%). ... Yours truly, XXXXXXXXXX Section Manager for Director International & Trusts Division Income Tax Rulings Directorate Policy and Legislation Branch ENDNOTES 1 XXXXXXXXXX ...

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