Search - consideration

Canada (National Revenue), 2007 FCA 32, rejected the argument that in seeking to ascertain the primary purpose of a pension plan, the Minister is precluded from examining the motives of the sponsors of the plan under consideration. ...

Consideration of the Positions of the Parties [9]        In Performance Industries Ltd. v. ...

The fact that one party may be impecunious does not automatically determine the application in favour of the other party who will not ultimately be able to collect damages, although it may be a relevant consideration (Hubbard v. ...

  [4]                Following protracted negotiations, the appellant received an acquittance for all liability resulting from the decision rendered against him, in consideration of a payment of $250,000. ...

As well, he misconceives the scope of an assessment of costs by seeking an order of ex turpi cuae non oritur action [sic] (should read actio) (the principle precluding an action or enforcement founded on a consideration contrary to the public interest). ...

  [2]                Paragraph 50(1) (b) insofar as it is relevant provides: 50. (1) For the purposes of this subdivision, where   …   (b) a share (other than a share received by a taxpayer as consideration in respect of the disposition of personal-use property) of the capital stock of a corporation is owned by the taxpayer at the end of a taxation year and   …   (iii) at the end of the year,       (A) the corporation is insolvent,   (B) neither the corporation nor a corporation controlled by it carries on business,   (C) the fair market value of the share is nil, and   (D) it is reasonable to expect that the corporation will be dissolved or wound up and will not commence to carry on business   and the taxpayer elects in the taxpayer's return of income for the year to have this subsection apply in respect of the debt or the share, as the case may be, the taxpayer shall be deemed to have disposed of the debt or the share, as the case may be, at the end of the year for proceeds equal to nil and to have reacquired it immediately after the end of the year at a cost equal to nil. 50. (1) Pour l'application de la présente sous-section, lorsque, selon le cas: […]   b) une action du capital-actions d'une société (autre qu'une action reçue par un contribuable en contrepartie de la disposition d'un bien à usage personnel) appartient au contribuable à la fin d'une année d'imposition et:   […]   (iii) soit les conditions suivantes sont réunies à la fin de l'année:   (A) la société est insolvable,     (B) ni la société ni une société qu'elle contrôle n'exploite d'entreprise,   (C) la juste valeur marchande de l'action est nulle,   (D) il est raisonnable de s'attendre à ce que la société soit dissoute ou liquidée et ne commence pas à exploiter une entreprise,   le contribuable est réputé avoir disposé de la créance ou de l'action à la fin de l'année pour un produit nul et l'avoir acquise de nouveau immédiatement après la fin de l'année à un coût nul, à condition qu'il fasse un choix, dans sa déclaration de revenu pour l'année, pour que le présent paragraphe s'applique à la créance ou à l'action.                                                                                          ...

The Queen, 2003 FCA 393), it only stands to reason that he himself is not bound to offer a litigant the opportunity for a adjournment to enable the litigant to "start over" with the case. [10]            It is certain, as Pelletier J.A. indicates at paragraph 24 of his reasons in Wagg, that the trial judge "must be governed by considerations of fairness" if it becomes "patently obvious" that the litigant does not understand "the subject matter sufficiently to be able to proceed" and that he can then suspend or adjourn the hearing. ...

No. 199) [26]         While the administrative requirements of the Court system cannot be allowed to stand in the way of a fair hearing, they are not irrelevant considerations when it comes to deciding what is reasonable in the circumstances. ...

Specifically, he alleges that the plea bargain agreement resulted in a full and final settlement of his civil tax liability in consideration for a further payment of $150,000, which amount was paid in full a few days after sentencing. [3]                 The Tax Court Judge came to the conclusion that no such agreement had been reached. ...

In the judge's view, the applicant's main consideration was not profit but rather the personal benefit of owning a condo in Florida, a portion of the costs of which would be paid by the government. [17]       The Tax Court judge noted the high cost of the mortgage and insisted on the fact that the applicant had no serious business plan. ...