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Ruling
2007 Ruling 2007-0248021R3 - Cdn Japan Convention: withholding rate deemed div.
It acquired the Shares as follows: Number of ACB & PUC of Date Acquired Shares Acquired Shares Acquired XXXXXXXXXX XXXXXXXXXX C$XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX C$XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX C$XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX C$XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX C$XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX C$XXXXXXXXXX Total XXXXXXXXXX C$XXXXXXXXXX 4. The Company has beneficially owned at least XXXXXXXXXX% of the voting shares of Canco throughout the period of XXXXXXXXXX months immediately before the end of the last taxation year of Canco and will continue to beneficially own at least XXXXXXXXXX % of the voting shares of Canco until the time that is immediately before the proposed transaction. 5. ... Canco has declared and paid the following dividends on its voting common shares since XXXXXXXXXX: Date of Amt of Total Dividends Dividends Declared & Resolution Declared & Paid by Canco Paid to the Company XXXXXXXXXX C$XXXXXXXXXX C$XXXXXXXXXX XXXXXXXXXX C$XXXXXXXXXX C$XXXXXXXXXX XXXXXXXXXX C$XXXXXXXXXX C$XXXXXXXXXX XXXXXXXXXX C$XXXXXXXXXX C$XXXXXXXXXX 8. ...
Ruling
20 December 1989 Ruling 59173 F - T5 Issuance Requirements
20 December 1989 Ruling 59173 F- T5 Issuance Requirements Unedited CRA Tags n/a December 20, 1989 Source Deductions Division Financial Industries Division D.S. ...
Ruling
8 November 1989 Ruling 59011 F - Tax Executive Institute Conference
8 November 1989 Ruling 59011 F- Tax Executive Institute Conference Unedited CRA Tags 12(1)(x)(viii), 9 November 8, 1989 Vancouver District Office Head Office Audit Review Financial Industries Division Section 148-13 C. Robb (613) 957-2744 Attention: J.C. Fitz-Clarke File No. 5-9011 Subject: Question and Answer for Meeting with Tax Executive Institute Conference Attached is question which we have edited, and our suggested response to the above meeting. ... Kauffman Chief Leasing & Financing Section Financial Industries Division Rulings Directorate Question: Could you please summarize the Department's position on the treatment to the recipient of lease cancellation payments? ...
Ruling
2011 Ruling 2011-0408781R3 - Partition of Property - Land and Buildings
") owns XXXXXXXXXX % of the shares of ABC Co. while the remaining shares (XXXXXXXXXX %) are owned by XXXXXXXXXX other owners, including XXXXXXXXXX (the XXXXXXXXXX other owners hereinafter are referred to as the "Other Owners"). ... (XXXXXXXXXX %) and the Other Owners (XXXXXXXXXX %) and are collectively referred to as the "Owners". 3. ... Specifically, Holdings Co. holds a XXXXXXXXXX % undivided interest in the Project while the Other Owners collectively hold a XXXXXXXXXX % undivided interest in the Project. ...
Ruling
2010 Ruling 2009-0330511R3 - Charitable Donation of Publicly Listed Shares
The actual approximate total FVM of all the issued and outstanding class A common shares of the capital stock of Hodco1 is estimated to be in the range of $ XXXXXXXXXX and $ XXXXXXXXXX. 12. ... The XXXXXXXXXX class A common shares of the capital stock of Holdco2 have an ACB and a PUC of $ XXXXXXXXXX and an approximate FMV in the range of $XXXXXXXXXX and $ XXXXXXXXXX. ... The approximate total FMV of the issued and outstanding class A common shares and common shares of the capital stock of Foreignco1 is in the range of $ XXXXXXXXXX and $ XXXXXXXXXX. ...
Ruling
2006 Ruling 2006-0198111R3 F - Intérêt exonéré d'impôt - alinéa 81(1)a)
Société A a émis le XXXXXXXXXX à des Indiens résidant sur une réserve ou ailleurs des obligations pour un montant total de XXXXXXXXXX $ en contrepartie d'une considération globale de XXXXXXXXXX $. ... Le taux d'intérêt des obligations est égal au taux moyen qu'ont généré, en novembre 2006, les certificats de placement garanti à cinq ans des banques à charte canadienne, tel que compilé par la Banque du Canada (bulletin # V122526), majoré de XXXXXXXXXX. ... Le produit de l'émission des obligations a servi exclusivement à acquérir de Société B les trois prêts suivants: Prêt de XXXXXXXXXX $ à XXXXXXXXXX XXXXXXXXXX Prêt de XXXXXXXXXX $ au XXXXXXXXXX XXXXXXXXXX Prêt de XXXXXXXXXX $ à XXXXXXXXXX XXXXXXXXXX. 7. ...
Ruling
2008 Ruling 2008-0266481R3 - Mortgage interest
As of XXXXXXXXXX, home mortgages bear rates of interest in the range of XXXXXXXXXX % to XXXXXXXXXX %, and Deposit Accounts earn rates of interest in the range of XXXXXXXXXX % to XXXXXXXXXX %. ... Each month, under the terms of the POM, the rate of interest which will apply to the outstanding balance of the POM and which will be used to determine the amount of interest legally payable on the POM will be determined by way of the following formula: POM Interest Rate = (Mortgage Balance x Mortgage Contract Rate)- (Average Deposit Balance x Mortgage Contract Rate) Mortgage Balance Another representation of the same formula would be: POM Interest Rate/Mortgage Balance = (Mortgage Balance- Average Deposit Balance) x Mortgage Contract Rate and in either case: (i) "POM Interest Rate" shall be the rate resulting from the formula above that will be used to calculate the daily interest on the POM from the first business day of a calendar month until the first business day of the following calendar month; (ii) "Mortgage Contract Rate" shall be the rate of interest, whether fixed or floating, agreed upon with the particular Customer and set out in the loan agreement governing the POM as the interest rate to be applied when the Customer carries no balance in the "linked" Deposit Account. ...
Ruling
20 August 1990 Ruling 901501 F - Education Tax Credit
20 August 1990 Ruling 901501 F- Education Tax Credit Unedited CRA Tags 118.6(2) August 20, 1990 Assessing and Enquiries Directorate Business and General Enquiries and Taxpayer Division Assistance Division A. Humenuk 957-2135 Tom Kissner Acting Chief 901501 EACC9296 SUBJECT: Education Tax Credit We are replying to your memorandum of July 5, 1990, concerning the calculation of the education tax credit available under subsection 118.6(2) of the Act. ...
Ruling
30 November 1997 Ruling 9733493 F - ACTIONS MIRROIRS
La somme convenue sera XXXXXXXXXX $. Dans l'année de la vente, M. ... La somme convenue sera deXXXXXXXXXX $. Suite à ce transfert d'actions, M. ... La somme convenue sera de XXXXXXXXXX $. Le capital versé de ces actions de catégorie B sera de XXXXXXXXXX $. ...
Ruling
2005 Ruling 2005-0117641R3 - Loss Utilization
As at the end of its last fiscal year ending on XXXXXXXXXX, the balance of non-capital losses of A Co amounted to $XXXXXXXXXX, which is the sum of its operating losses incurred in the following taxation years: XXXXXXXXXX $ XXXXXXX (Loss subject to subsection 111(5)) XXXXXXXXXX $ XXXXXXX $ XXXXXXX It is expected that A Co will continue to be in a loss position for the fiscal year ended on XXXXXXXXXX. 4. ...