Search - consideration

It is our understanding that certain benefits (or portions thereof) paid under a national social security scheme may be considered pensions received in consideration of past services, particularly where the amount of the benefit is effected by premiums paid as a result of services rendered. ...

A as consideration therefor (in this case $1) and it appears that interest at the rate prescribed by regulation will not be charged to Mrs. ...

In consideration for the transferred assets Company D issues shares having a fair market value of $700,000 and stated capital of $700,000 to Company C. ...

The consideration received by the parent might include a preferred share retractable at the option of the parent for an amount equal to the fair market value ("FMV") of the Opco shares transferred. ...

Perhaps you could ask 19(1) to provide us with all relevant information in such cases for our consideration. ...

" Our Comments It is our view that section 7 of the Act is not applicable in this situation inasmuch as the employee neither acquired the shares in question nor disposed of his rights for valuable consideration. ...

Meeting with Finance In response to numerous queries received from Revenue Canada concerning the proposed Part 1.3 tax; Finance agreed to attend a meeting with us to discuss their intent and policy considerations inherent in the drafting of the Part 1.3 legislation. ...

28 November 1989 Income Tax Severed Letter AC00292- Canadian Exploration Expenses- Meaning of "Agreement in Writing" NOV 28 1989 Rulings Directorate Resource Industries Section Carole Gouin-Toussaint Frank Gillman Director 0-0292 Paragraph 66(15)(d.1) of the Income Tax Act "Agreement in Writing" Background We received a ruling request which proposed the following: 24(1)24(1) The Law Subsection 66(12.6) permits a corporation that has undertaken pursuant to an agreement in writing ("Agreement") to incur CEE, to issue flow-through shares (all in accordance with specific conditions), to renounce such CEE to a person who has given consideration for such flow-through shares, provided amongst other things, that the corporation incurs the CEE to be renounced, between the day the Agreement was entered into and the 24th month after the end of the month that included that day. ...

We are, however, prepared to offer the following general comments for your consideration assuming the following situation: 1. ...

Our Comments The Courts have described interest as "the return or consideration or compensation for the use or retention by one person of a sum of money, belonging to, in a colloquial sense, or owed to, another". ...