Search - consideration

As noted in paragraph 4 of IT-334R2 "Amounts received as gifts, that is, voluntary transfers of real or personal property without consideration, are not subject to tax in the hands of the recipient. ...

., and receives 100 shares of Mergeco for nominal consideration, say $100. ...

Such a determination would be a factual one and would include consideration of whether the requirements set out in Income Tax Technical News No. 11 are met. ...

I note that you have already sent your letter to that department for consideration. ...

The children own the Class B interests, which were acquired for nominal consideration. 2. ...

XXXXXXXXXX also indicated that the Foundation is now considering retaining ownership of heritage property transferred to the Foundation for no consideration and entering into long term contracts with third parties for the maintenance, upkeep, safeguard and use of such property. ...

In this regard, I note that you have already sent a copy of your letter to the Minister of Finance for consideration. ...

As the Department of Finance is responsible for making amendments to the Income Tax Act, and a copy of your letter was also sent to the Honourable Paul Martin, Minister of Finance, I am certain your views will receive every consideration. ...

This is not the case with respect to the situation under consideration. ...

I trust he will give your comments every consideration. I appreciate the opportunity to respond to your concerns. ...