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Ruling

2005 Ruling 2005-0125982R3 - Purchase of Target and Bump

Buyer GP has a XXXXXXXXXX % interest in Buyer LP. 11. Buyer Holdings operates as a holding company and its principal assets are the shares of the capital stock of Buyerco and advances made to Buyerco. ...
Ruling

2017 Ruling 2017-0715951R3 - Subsequent Reorganization and 2015-0623731R3

In connection with the dissolution: i) All of the remaining property of Subco 1 (including the Newco Common Shares, the Parent-Subco 1 Note and the Parent Preferred Shares) will be distributed to, and all of the remaining liabilities of Subco 1 will be discharged or assumed by, Parent; ii) The Parent Preferred Shares distributed to Parent on the winding-up will be cancelled by Parent; iii) The Parent Subco 1 Note will be settled as a result of the winding-up of Subco 1 as a matter of law, due to the merger of rights of debtor and creditor. ...
Ruling

30 November 1995 Ruling 9628173 - LOSS UTILIZATION INVOLVING OPTION TO BUY DEP. PTY.

The total purchase price of the Purchased Assets was allocated as follows: Land $ XXXXXXXXXX Land Improvements XXXXXXXXXX Buildings XXXXXXXXXX XXXXXXXXXX Equipment and Machinery XXXXXXXXXX $XXXXXXXXXX The Trust funded the purchase of the Purchased Assets by issuing interest bearing Notes to various public financial institutions and by issuing Trust Certificates to XXXXXXXXXX. ...
Technical Interpretation - Internal

11 March 1997 Internal T.I. 9701087 - INTEREST ON REASSESSED ADDITIONAL MINING TAXES

Cathie Figueira Section Acting Assistant Director Peter Lee Verification & Enforcement (613) 957-8977 Attention: Ms. ...
Ruling

30 November 1996 Ruling 9703993 - ESTATE FREEZE

Corporations owned by Child 1 and Child 2 will become beneficiaries of the Family Trust in case Child 1 or Child 2 is a non-resident at the time a distribution would otherwise have been made to that child and which would have been subject to the proposed rule in the Notice of Ways & Means Motion of October 2, 1996 to the effect that property so distributed is deemed to have been disposed of at fair market value. ...
Ruling

30 November 1995 Ruling 9532173 - LIMITED PARTNERSHIP FOR MUTUAL FUND COMMISSIONS

. * As defined in draft section 143.2. The opinions expressed above are provided in accordance with paragraph 22 of Information Circular 70-6R2. ...
Technical Interpretation - Internal

17 July 1997 Internal T.I. 9700547 - DEDUCTION OF TERMINAL LOSS FROM RESOURCE PROFITS

July 17, 1997 Calgary Tax Services Office Resource Industries Graham Hoard Section Acting Assistant Director Peter Lee Verification & Enforcement (613) 957-8977 Attention: Doug Reeh Large File Case Manager 7-970054 XXXXXXXXXX Terminal Loss and Resource Allowance This is in reply to your memorandum of January 2, 1997 wherein you requested our opinion on whether a terminal loss of $XXXXXXXXXX resulting from the disposition of its mining assets by the corporation formed in an amalgamation of XXXXXXXXXX, should be disallowed in computing the amalgamated corporation's income under the Income Tax Act (the "Act"). ...
Ruling

30 November 1997 Ruling 9807253 - GROUP LOSS UTILIZATION SCHEME

The terms of the Holdco I Note will provide that a portion of the interest payable on the note (approximately XXXXXXXXXX %) will be paid in the taxation year the expense is incurred and the unpaid portion will be paid prior to the end of the second taxation year following the taxation year in which the expense was incurred. 19. ...
Technical Interpretation - Internal

30 November 1997 Internal T.I. 980576B - RELATED GROUP LOSS UTILIZATION SCHEME

XXXXXXXXXX will realize a foreign exchange loss of approximately $XXXXXXXXXX on the assumption of Loan 1, as a result of the fluctuation in the exchange rate of US $ on the day of the assumption compared to the rate when the loan was made. 28. ...
Ruling

30 November 1997 Ruling 9816533 - BUTTERFLY REORGANIZATION

XXXXXXXXXX will sell, at fair market value, to Subco XXXXXXXXXX % of its cash and near-cash property and investment property. ...

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