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Ruling

2006 Ruling 2006-0188371R3 F - Estate Freeze/Gel successoral

"Fiducies des Enfants" * XXXXXXXXXX "Portco1" * XXXXXXXXXX "Opco" * XXXXXXXXXX "Portco2" * XXXXXXXXXX "Portco3" * XXXXXXXXXX "Portco4" * XXXXXXXXXX "SENC" * Collectivement, "Opco", "Portco2", "Portco3", "Portco4" et "SENC". ... "Société privée sous contrôle canadien" * XXXXXXXXXX XXXXXXXXXX * XXXXXXXXXX XXXXXXXXXX * Loi canadienne sur les sociétés par actions (L.R., 1985, ch. ... FiducieCondo sera une " fiducie personnelle " au sens du paragraphe 248(1). 51. ...
Ruling

2013 Ruling 2012-0435221R3 - CCPC SAR Plan

The value of Stock Appreciation Rights ("Vs") is calculated as follows: Vs = A + B + C + D + E Where: A is the basis value and is calculated as follows: A = Y × (L1- L0) Where: Y is the number of SAR Units of a Grantee at a Valuation Date L1 is the Unit Value of a SAR as determined in 14 below L0 is the Unit Value of a SAR on the Grant Date B is the anti-dilution value and is calculated as follows: B =? ... The Unit Value of a Stock Appreciation Right under the Current Plan, referred to in 13 above and 27 below, is as follows: The Unit Value of Stock Appreciation Rights is determined at each Valuation Date, at the date of an IPO or at the date of a Change in Control as follows: (XXXXXXXXXX% * Amount 1) + (XXXXXXXXXX% * Amount 2)_________________________________________ Number of SAR units outstanding at that time Where: Amount 1: is the amount, if any, by which the FMV of the Company exceeds $XXXXXXXXXX US Amount 2: is the amount, if any, by which the FMV of the Company exceeds $XXXXXXXXXX US FMV: The Fair Market Value of the Company will be determined as the case may be under (i), (ii) or (iii) below: (i) Valuation Date: The FMV of the Company at each Valuation Date is determined as: (XXXXXXXXXX × Adjusted EBITDA)- Funded Debt + Cash + Cumulative Corporate Distribution Where: Adjusted EBITDA means the sum of: a) XXXXXXXXXX% of EBITDA for the XXXXXXXXXX months before the Valuation Date; b) XXXXXXXXXX% of EBITDA for the XXXXXXXXXX- month period beginning XXXXXXXXXX months before the Valuation Date; and c) XXXXXXXXXX% of EBITDA for the XXXXXXXXXX-month period beginning XXXXXXXXXX months before the Valuation Date. ... Acquisition EBITDA for the Additional Period: In calculating the Acquisition EBITDA for the Additional Period, the following must occur: Number of Days Mulitiplier Deal Value Normalization Product of Additional capped at Period (“DAP”) XXX XXX [DAP] X Deal Value X XXX = XXX XXX XXX [DAP- XXX] X Deal Value X XXX = XXX XXX XXX [DAP- XXX] X Deal Value X XXX = XXX XXX XXX [DAP- XXX] X Deal Value X XXX = XXX XXX XXX [DAP- XXX] X Deal Value X XXX = XXX XXX (a) Acquisition EBITDA is the sum of the above numbers in the last column. ...
Ruling

25 June 1990 Ruling 7900933 - Enfants à charge : étudiants étrangers

25 June 1990 Ruling 7900933- Enfants à charge: étudiants étrangers Unedited CRA Tags 252(1)(b)   Le 25 juin 1990 Division des relations Direction des décisions provinciales et internationales Division des services   bilingues   Michel Lambert À l'attention de: 957-8980 Mme Christine Savage Directrice intérimaire File No. 7-900933 Subject:  24(1) La présente est en réponse à votre note de service du 28 mai 1990. ... Notre opinion est motivée par ce qui suit: 1.     24(1) 2.     L'étudiant doit apporter avec lui une certaine somme d'argent pour ses dépenses personnelles durant l'année. 3.     Il doit emporter de son pays des vêtements d'hiver ou l'argent pour s'en procurer au Canada. 4.      ...
Ruling

2010 Ruling 2009-0332571R3 - Loss consolidation - related or affiliated

HA and HASub2 together own more than XXXXXXXXXX % of the common shares of Pubco. ... HASub, HBSub and HB own the following percentage of the total limited partnership unit in LP1, LP2, LP3, LP4, LP5, LP6 and LP7: Unitholder LP1 LP2 LP3 LP4 LP5 LP6 LP7 HASub XXX % XXX % XXX % XXX % XXX % XXX % XXX % HBSub. XXX % XXX % XXX %-- XXX % XXX % HB---- XXX %-- Each limited partnership interest held by HASub, HBSub and HB in each of LP1, LP2, LP3, LP4, LP5, LP6, and LP7 constitutes a capital property. ...
Ruling

14 December 1989 Ruling 32691 - Demande de décision anticipée

14 December 1989 Ruling 32691- Demande de décision anticipée Unedited CRA Tags n/a   19(1) 19(1) 3-2691   C. Thériault   (613) 957-8978 Le 14 décembre 1989 Madame, OBJET:  24(1) Demande de décisions anticipées La présente fait suite à votre lettre du 24 novembre 1989 relativement à votre demande de décisions anticipées du 14 septembre 1989 pour le compte du contribuable mentionné plus haut, dans laquelle vous exprimez le désir de retirer cette demande.  ...
Ruling

13 June 1991 Ruling 911221 F - Employment at Special Work Site

Our understanding of the facts follow: 1.     Applicants who successfully pass a screening interview are accepted into the COTP. 2.      ... Training and Residency (room and meals) is provided by Correctional Service Canada at its existing staff training colleges. 4.      ... Most do not live in close proximity to the staff training colleges and cannot reasonably be expected to return to their principal residence after each day's training session. 5.      ...
Ruling

12 September 1989 Ruling 74253 F - Publication of Advance Income Tax Ruling

12 September 1989 Ruling 74253 F- Publication of Advance Income Tax Ruling Unedited CRA Tags n/a   September 12, 1989 Mr. ... Jones   957-2104   File No. 7-4253 Subject: Publication of Advance Income 24(1) This is in reply to your memorandum of August 8, 1989, wherein you requested our views on the suitability of the above-noted ruling for publication. It is our view that this ruling is suitable for publication subject to the following changes being made to the edited version, a copy of which was attached to your memorandum. 1. 2. 3.     24(1) 4. ...
Ruling

25 January 1990 Ruling HAV660411 F - Routine Exchange of Information Arrangements

25 January 1990 Ruling HAV660411 F- Routine Exchange of Information Arrangements Unedited CRA Tags n/a   January 25, 1990 J.M. Legault Provincial and International Director Relations Division Returns Processing Division Al Watson   957-2072   HAV 6604-11 24(1) The July and September dates were discussed as these dates should provide the province with the bulk of the information in July and the balance to follow in September.  ... SavageA/DirectorProvincial & International Relations Division AW/jb no7-178File copySequence fileAuthor's copyChrono file (2)Reading file ...
Ruling

26 September 1989 Ruling 74243 F - Valuation of Inventory of Returnable Containers

26 September 1989 Ruling 74243 F- Valuation of Inventory of Returnable Containers Unedited CRA Tags 12(1)(a), 12(1)(b)   September 26, 1989 Saint John N.B. ... Kapadia File No. 7-4243 Subject: 24(1) Valuation of Inventory of Returnable Containers We are writing in reply to your memoranda of August 18, 1989, wherein you requested our opinion on whether returnable 24(1) The facts as we understand them are as follows: 1. 2.      24(1) 3. Your Opinion 24(1) 2.     The support for your position is found in paragraph 1 of IT-165R indicates that refundable deposits are generally charged and such deposits would be included in income under paragraph 12(1)(a) or 12(1)(b) of the Act.  ...
Ruling

19 October 1989 Ruling 74351 F - Mortgage Foreclosures and Conditional Sales

This will conform with paragraph 2 of IT-505. 2.     The second paragraph is not quite right. ... You should probably refer to "amounts previously included in income". 4.      ... The essence of a final order of foreclosure is that the mortgagor (debtor) is absolutely debarred and foreclosed of and from, all right, title and equity of redemption of, in and to the property.       ...

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