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Document Disclosed Pursuant to The Access To Information Act Document Divulgué en vertu de la loi sur l'accès à l'information This example illustrates why losses of corporations in a corporate group must be included in the computation of consolidated income earned or realized.5 The same result would obtain if, sometime before the relevant time, A Co had sold the shares of C Co to B Co for nominal consideration. ... Investment Tax Credit Depreciable Property A corporation that has acquired a property, or made an expenditure, the specified percentage of which is included in its investment tax credit as defined in subsection 127(9) may claim a deduction from its tax otherwise payable under Part I of the Act as permitted in subsection 127(5), or it may be deemed by subsection 127.1(1) to have paid an amount on account of its tax under Part I of the Act, which amount is deemed to have been deducted under subsection 127(5). 1) Subsection 13(7.1) A incorporates A Co and subscribes for common shares for consideration of $100. ...

Economic considerations dictated the sale in 1951. His Honour held that the profit on sale was made in the carrying on of the company's business and was assessable as a profit according to the ordinary usages and concepts of mankind. ... One important consideration in buying shares was that they should immediately- or within a reasonable period- produce a dividend yield of 4% or better. ...

In determining the value of benefit, one may take its cost into consideration. ... The judge’s considerations lead us to conclude that a method for valuation of the benefit based on operating costs and CCA can be suitable in various circumstances as long as it is close to the FMV. ... The Yorkton Broadcasting Company Limited (footnote 64) case, upon which the judge in Edward Laurence (footnote 65) based his decisions, is the only Court decision in which the taxpayer invoked the previous version of Bulletin IT-160R3 but for which the judge did not extend any consideration. ...

Comments by Department of Finance The Income Tax Act includes provisions designed to ensure the reasonableness of the consideration paid in the context of certain transactions between a taxpayer and a non-resident with whom the taxpayer is not dealing at arm's length. ... As you know, the OECD recently published a revised version of its Transfer Pricing Guidelines, which contains advice on questions that the OECD had not previously dealt with (e.g. profit-based methods for determining the reasonableness of the consideration paid by parties not dealing at arm's length, documentation of transactions and imposition of penalties). ... Taxpayers who have not followed Friesen's practice are therefore reassured and the Act has been amended to comply with Revenue Canada practice. 4.1.2.2 Tax Audit The practical considerations that led the Department of Finance to take this position are understandable. ...

XXXXXXXXXX will pay an annual fee (the "Put Fee XXXXXXXXXX"), XXXXXXXXXX as consideration for entering into the Put Agreement XXXXXXXXXX described in paragraph 79. 81. ... XXXXXXXXXX will pay an annual fee (the "Put Fee XXXXXXXXXX"), XXXXXXXXXX as consideration for entering into the Put Agreement XXXXXXXXXX described in 83 above. 85. ... XXXXXXXXXX will pay an annual fee (the "Put Fee XXXXXXXXXX"), XXXXXXXXXX as consideration for entering into the Put Agreement XXXXXXXXXX described in 87 above. 89. ...

La question a été soumise au ministère des Finances pour leur considération. ... Cependant, le Ministère est disposé à prendre en considération tout autre critère pertinent, dépendamment des circonstances particulières d'une situation donnée, afin d'établir si un élément d'actif est utilisé principalement dans une entreprise exploitée activement. ... En considération de ce transfert, le contribuable reçoit des actions privilégiées ayant une valeur de rachat inférieure à la juste valeur marchande des actifs transférés. ...

PUBCO1 recevra de FILCO1 à titre de considération: (a) un billet ("Billet FILCO1") à demande ne portant pas intérêt et dont le principal sera de XXXXXXXXXX $, (b) la remise (XXXXXXXXXX) par FILCO1 en faveur de PUBCO1 de dettes (avances, comptes débiteurs et autres créances dont le montant total lors de l'opération sera d'environ XXXXXXXXXX $) qui seront à ce moment dues par PUBCO1 à FILCO1, et (c) un certain nombre d'actions de catégorie "A" de son capital-actions. ... Il sera explicitement fait mention dans les caractéristiques des actions de catégorie "B" que le "montant indiqué" aux fins du paragraphe 191(4), sera désigné par résolution des administrateurs lors de leur émission, sans excéder la JVM de la considération reçue lors de leur émission. ... Le ratio d'échange fera l'objet d'un ajustement afin de prendre en considération les modifications au capital-actions de FILCO1 décrites aux paragraphes 27 et 28 ci-dessous. ...

Le capital-actions autorisé de PORTCO est composé notamment d'un nombre illimité d'actions sans valeur nominale des catégories XXXXXXXXXX, dont les principaux droits, privilèges et restrictions sont les suivants: Catégorie «XXXXXXXXXX »: Non votantes, non participantes, donnant droit de recevoir sur déclaration par les administrateurs, en priorité sur les actions des catégories XXXXXXXXXX des dividendes trimestriels non cumulatifs de XXXXXXXXXX% du montant de la considération reçue par la société lors de l'émission des actions tel qu'enregistré au compte de capital déclaré des actions. En cas de liquidation ou dissolution, les détenteurs d'actions de catégorie «XXXXXXXXXX » ont le droit de recevoir, en priorité aux détenteurs d'actions des catégories XXXXXXXXXX un montant composé de la considération reçue par la société lors de l'émission tel qu'enregistré au compte de capital déclaré des actions et du montant des dividendes déclarés et impayés. Les actions sont rachetables au gré de la société ou du détenteur à un montant composé de la considération reçue par la société lors de l'émission tel qu'enregistré au compte de capital déclaré des actions et du montant des dividendes déclarés et impayés. ...

A determination of the place where a particular business (or a part thereof) is carried on necessarily depends upon consideration of all the relevant facts, but has been stated in general terms to be the place where the operations in substance take place. ...

The Borrower will be required to offer to repay the Loan if the Borrower receives: (a) (i) any amount or compensation payable by the Entity to the Borrower (a) on termination in whole or in part of the Main Agreement or (b) in consideration for a reduction in the Availability Payment or Performance Incentive Payment or Vehicle Usage Payment or End of Term Payment under the Main Agreement or (c) by way of End of Term Payment under the Main Agreement; or (ii) the proceeds of any claim for damages or other compensation for loss of assets of the Borrower (including without limitation the Main Agreement and rights or interests under it) or arising in respect of a permanent diminution in the value of such assets, other than proceeds which are solely attributable to the temporary loss of revenue or income or required to repair or replace such assets; or (iii) any amount payable to the Borrower for any variation, release or waiver of any its rights in respect of the Project which has the effect of diminishing the value of the Project or assets of the Borrower, other than such proceeds that are required to replace an asset or satisfy a liability to a third party in relation to which the claim arose; or (iv) insurance proceeds derived from construction all risk insurance or material damage all risks insurance, except to the extent that the Borrower is obliged to use the same in reinstatement; (v) compensation for any partial or total nationalization, expropriation, compulsory acquisition of any asset or right of the Borrower or the revocation of any approval, authorization, exemption, filing, license, order, permission, recording or registration in connection with the Project; or (b) a notice of illegality from the Agent (in which case the offer to prepay is only applicable to a particular Lender that is directly affected by the illegality). ...