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There had (on 12th June, 1928) been a conveyance to them of these lots, executed by the company, for the expressed consideration of one dollar and ‘‘other good and valuable consideration”; the resolution, however, by which the sale had been authorized by the Board of Directors having fixed the consideration at the nominal consideration of one dollar. ... They were transferred to the company shortly after its incorporation, for a nominal consideration, apparently. There is no suggestion that the consideration was anything but nominal. ...

The consideration received by John LePage was $83,000, made up of eight debentures of $10,000 each and a promissory note for $3,000. ... J; In none of these realization cases was there an out and out transfer by former owners for a cash consideration. ... LePage transferred properties which had cost them approximately $42,000 for a consideration of $144,000. ...

A proper consideration of the issues involved requires a somewhat detailed review of the history of Calgary Iron and Engineering Limited and its predecessor, Calgary Iron Works Limited. ... By an agreement dated January 2, 1952, he purchased the assets of the old company for a consideration which included payment of $225,000 and assumption of debts. ... However, I attach little significance to the provision that the Company would pay him an annual fee in consideration of his agreement to guarantee its credit. ...

As a result of arrangements made with a prospector to whom he advanced money, he became the owner of claims which he sold to newly incorporated companies, in consideration of the issue of shares some of which were free vendor shares. ... Appleby Securities was not acting as the appellant’s agent when it carried on the sales campaigns” went on to say: Under section 83(3), those who, in consequence of their having provided a prospector with financial assistance, acquired mining properties that they disposed of to a corporation in consideration for shares in the capital stock of the corporation, are given the privilege of excluding from their income the consideration that they receive for these shares. ...

In my view, that conclusion follows [Page 279] from a consideration of the two relevant sections as well as from a consideration of the history of the Income War Tax Act. ... Turning, then, to a consideration of sections 11 and 22. I quite agree with Mr. ... After most respectful consideration of the above suggestions I find myself unable to agree. ...

He received no consideration for this transfer, thereby constituting a gift of the policy within the provisions of the Act, the face value of which was properly included in computing the aggregate net value of property passing on death. ... By this view, the wife’s cheque for $4,550 was payment for the then cash surrender value of the policy in consideration for its assignment to her. ... The deceased received no consideration for this transfer, thereby constituting a gift of the policy within the provisions of the Estate Tax Act, the face value of which was properly included in computing the aggregate net value of property passing on death. ...

The evidence is by no means clear as to the true nature of the consideration for the making of these payments by Leaseholds. ... When, however, the Imperial Oil Company had exercised its option and paid the consideration, a further agreement was made between the appellant and Leaseholds dated December 30, 1950, described as an "Agreement of Settlement and Adjustments". ... The settlement agreement, however, says that the moneys were paid as the consideration for reducing the royalty payable by Leaseholds. ...

As a result of arrangements made with a prospector to whom he advanced money, he became the owner of claims which he sold to newly incorporatec companies, in consideration of the issue of shares some of which were free vendor shares. ... He was the president of a firm of investment dealers and stockbrokers and consideration was given to his activities as such, with the result that the Court came to the conclusion that his personal operations did constitute a business. ... In the Trial Division, Pratte, J, after expressly finding that “J Appleby Securities was not acting as the appellant’s agent when it carried on the sales campaigns”, went on to say (p 734): Under Section 83(3), those who, in consequence of their having provided a prospector with financial assistance, acquired mining properties that they disposed of to a corporation in consideration for shares in the capital stock of the corporation, are given the privilege of excluding from their income the consideration that they receive for these shares. ...

Including a net amount within the computation of consideration would distort fundamental concepts of accounting.  ... Although, as PDC has pointed out, “consideration” is generally a gross concept, in the context of the definition of “proceeds”, “all consideration from hedging” must necessarily refer to a net concept.  Any distortion to the ordinary commercial use of “consideration” is inherent in the Mining Tax Act itself.  ...

By this view, the wife’s cheque for $4,550 was payment for the then cash surrender value of the policy in consideration for its assignment to her. ... The deceased received no consideration for this transfer, thereby constituting a gift of the policy within the provisions of the Estate Tax Act, the face value of which was properly included in computing the aggregate net value of property passing on death. ...