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Ruling

30 November 1997 Ruling 9800883 - ADDITIONAL DPS

The Class XXXXXXXXXX Special Shares will be issued as provided in paragraph 70 of the Ruling to the following Class XXXXXXXXXX Purchasers: Class XXXXXXXXXX Purchasers Purchaser Number of Class XXXXXX Special Shares Purchaser's Aggregate Class XXXXXX Special Share Subscription Price XXXXXXXXXX XXXXXXXXXX $ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX $ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX $ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX $ XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX $ XXXXXXXXXX XXXXXXXXXX $ XXXXXXXXXX Part B- The Additional $XXXXXX of Class XXXXXX Special Shares Background As mentioned above, you advise that the issue of $XXXXXXXXXX of Class XXXXXXXXXX Special Shares by XXXXXXXXXX and $XXXXXXXXXX of Class XXXXXXXXXX Special Shares by XXXXXXXXXX were completed in accordance with the Ruling on XXXXXXXXXX, 1997 (the "Closing"). ...
Ruling

2007 Ruling 2007-0225151R3 F - Winding-up of a partnership

M.A, M.B, M.C, M.D, Mme E, M.F et M.G ne sont pas des " personnes liées " au sens prévu au paragraphe 251(2). 22. ... SOPE a utilisé les fonds reçus (XXXXXXXXXX $) des FIDUCIES afin de rembourser la Dette OPCO d'un montant de XXXXXXXXXX $. ... Suite au fractionnement, il y aura XXXXXXXXXX d'actions de catégorie " A " émises et en circulation du capital-actions de OPCO. ...
Ruling

2002 Ruling 2002-0151343 - Loss Carryforward Under 111(5)

The following table indicates the amounts of Lossco's losses by year and of the XXXXXXXXXX business UCC/CEC by class, as set out in the tax return filed by Lossco in respect of its year ended XXXXXXXXXX: Item Year of Origin / Class Amount ($ 000's) Non-capital losses XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX Total XXXXXXXXXX Net capital losses XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX Total XXXXXXXXXX XXXXXXXXXX business UCC / CEC XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX Total XXXXXXXXXX 15. ... It is recognized that adjustments will be required due to losses incurred after XXXXXXXXXX. ($ 000's) Approximate forgiveness Applied to: Non-capital losses Capital losses XXXXXXXX Business UCC / CEC Balance $ XXXXXX (XXXXXX) (XXXXXX) (XXXXXX) Nil 21. ... It is recognized that adjustments will be required due to losses incurred after XXXXXXXXXX. ($ 000's) Remaining XXXXXXXXXX business UCC / CEC Estimated fair market value Total loss available after application of subsections 111(5.1) / (5.2) $ XXXXXX XXXXXX $ XXXXXX 26. ...
Ruling

2011 Ruling 2011-0416411R3 - Supplemental Ruling - XXXXXXXXXX

The first sentence of Paragraph XXXXXXXXXX is deleted and replaced with: “XXXXXXXXXX 3. ... The liability will be described on the financial statements as XXXXXXXXXX 5. ... Paragraph 21 is deleted and replaced with: “XXXXXXXXXX 8. References to “XXXXXXXXXX in Paragraphs 11, 20, 21 and 22 are deleted and replaced with “XXXXXXXXXX ”. 9. ...
Ruling

27 September 1989 Ruling 89M09363 F - Remission Request for Statute-barred Returns

27 September 1989 Ruling 89M09363 F- Remission Request for Statute-barred Returns Unedited CRA Tags n/a   September 27, 1989 EDMONTON DISTRICT TAXATION OFFICE   Technical Interpretations   Division H.S. ... Specifically, the report should include: (a)     the amounts of disability benefits in question; (b)     the exact amount of the federal and provincial tax and penalties; if any, to be remitted in respect of the statute-barred years; (c)     a statement of the taxpayer's age, health and family income for the current year; and (d)     your recommendation as to whether or not remission should be granted. ...
Ruling

2005 Ruling 2005-0161521R3 - Postamble of 212(1)(b)

The Grid Option specifies the following ranges for Canco's Total Leverage Ratio and a corresponding Applicable Margin for the Facility: (i) if the Total Leverage Ratio = 2 then the Applicable Margin is XXXXXXXXXX%; (ii) if the Total Leverage Ratio < 2 but = 1.5 then the Applicable Margin is XXXXXXXXXX%; (iii) if the Total Leverage Ratio < 1.5 but = 1 then the Applicable Margin is XXXXXXXXXX%; and (iv) if the Total Leverage Ratio < 1 then the Applicable Margin is XXXXXXXXXX%. 8. ...
Ruling

25 October 1989 Ruling 80321 F - Trusts

25 October 1989 Ruling 80321 F- Trusts Unedited CRA Tags n/a   October 25, 1989 To: Appeals Branch From: Financial Industries Appeals and Referrals Division  Division   F. ... Crowley (613) 957-3496   File: 8-0321 Subject: Estate of 19(1) This is in reply to your memorandum of October 2, 1989, wherein you requested our opinion in respect of the following situation: 24(1) 21(1)(b) The view that an injured party has no legal rights to any property until the Court has rendered its decision is supported by the case Maroukis v. ...
Ruling

1999 Ruling 9912633 - FORMER BUS PROP BOUGHT BY RELATED PARTY

In return for surrendering the properties to XXXXXXXXXX, the taxpayers will receive the following consideration: XCO: Leasehold interest in land and building $ XXXXXXXXXX Goodwill XXXXXXXXXX Total $ XXXXXXXXXX YCO: Equipment $ XXXXXXXXXX Paving XXXXXXXXXX Leasehold improvements XXXXXXXXXX Goodwill XXXXXXXXXX Total $ XXXXXXXXXX 10. ...
Ruling

4 April 1990 Ruling 58931 - Précisions sur notions de contrôle et de propriété des actions

Monsieur A possède toutes les actions en circulation de OPCO A Ltée. 2.     Monsieur B possède toutes les actions en circulation de OPCO B Ltée. 3.      ... La bénéficiaire de la fiducie est Madame C. 4.     Les trois corporations mentionnées ci-haut exploitent des entreprises actives, au sens de l'alinéa 125(7)(a) de la Loi. 5.      ...
Ruling

1999 Ruling 9919753 F - ACTIONS CONVERTIBLES

Monsieur A a reçu en échange XXXXXXXXXX actions catégorie «B» et un billet à recevoir de XXXXXXXXXX $. 5. ... Depuis sa constitution en société, Opérante a versé seulement des dividendes sur les actions catégorie «B», soit XXXXXXXXXX $ en XXXXXXXXXX et XXXXXXXXXX $ en XXXXXXXXXX. 12. ... Monsieur A a déjà réclamé une déduction pour gains en capital de XXXXXXXXXX $. ...

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