Search - consideration

Therefore, it must represent: (i) an undertaking by one person, (ii) to indemnify another person, (iii) for an agreed consideration, (iv) from a loss or liability in respect of an event, (v) the happening of which is uncertain. ...

In determining the remaining criteria, the CRA will take into consideration all the relevant facts and circumstances including: the nature of the relationship between you, the corporation and the payer, details regarding the corporation's business carried on outside of Canada, the nature of the services you provide to the corporation and the payer, the level of control the payer has over you, the degree of financial risk you have assumed; and, other relevant facts including contracts and supporting documentation. ...

Based on these considerations, the income received for the services you have described is likely not situated on a reserve and therefore not exempt from tax. ...

The amount of the advantage in respect of a gift is generally the fair market value, at the time the gift is made, of any property, service, compensation or other benefit received, or expected to be received in the future, by the donor, or a person or partnership who does not deal at arm's length with the donor, as consideration for, or in gratitude for the gift. ...

However, the Faculty member may enter into an agreement with the University to assign up to 100% of the IP ownership to the University in exchange for no consideration. ...

Consideration will have to be given to withdrawing the current position when the bulletin is next revised. 5. ...

Generally, a plan will be considered to be a superannuation or pension plan where contributions have been made to the plan by or on behalf of an employer or former employer of an employee in consideration for services rendered by the employee and the contributions are used to provide an annuity or other periodic payment on or after the employee's retirement. ...

Parent disposes of the shares of Canco to Holdco for cash consideration. ...

In Southwind, the Federal Court of Appeal endorsed consideration of certain factors that would be relevant in determining where business income is situated. ...

Draft legislation released by the Department of Finance in December 2002 proposes to permit the recognition of a gift, for tax purposes, in some circumstances where the donor receives consideration or a benefit for the transfer of property. ...