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Later in 1966, SGI sold those debentures (including accrued interest which would have been previously payable but for the postponement) to the defendant, which was a second Canadian subsidiary of SGI, in consideration for debentures of the defendant. ...

It was found that although the consulting and sales agency agreement had a term of only 1 year and the vendor was entitled to its commission regardless whether it participated in the sale of the 10 machines or not, there was nothing in the consulting and sales agency agreement which would "lead the reader thereof to conclude that its true nature was to provide [the vendor] with additional consideration for the sale of its assets. ...

As such, funds received by a non-profit operator of an assisted living or residential care facility from a grantor as consideration for making such property and services available for consumption or use by the residents of the facility would still fall within the definition of "government funding" in the Regulations and the non-profit operator's eligibility for the rebate would not be affected. ...

The Queen, 2006 DTC 3401, 2006 TCC 440 (Informal Procedure)-- summary under Business Summary Under Tax Topics- Excise Tax Act- Section 123- Subsection 123(1)- Business The taxpayer let her neighbour's cattle graze on her pasture in consideration for a monthly fee per head, and agreed with her neighbour that he could crop-share her hay field. ...

The Queen, 2006 DTC 3401, 2006 TCC 440 (Informal Procedure)-- summary under Business Summary Under Tax Topics- Income Tax Act- Section 248- Subsection 248(1)- Business The taxpayer let her neighbour's cattle graze on her pasture in consideration for a monthly fee per head, and agreed with her neighbour that he could crop-share her hay field. ...

Although it was often difficult to tell whether statements were based on legal or accounting considerations, Crampton CJ stated that he would "err on the side of caution" (para. 35). ...

The Queen, 2003 DTC 660, 2003 TCC 332-- summary under A Summary Under Tax Topics- Income Tax Act- Section 13- Subsection 13(21)- Undepreciated Capital Cost- A A limited partnership purchased software from a vendor corporation in consideration for a cash payment and the issue by it of an "acquisition note". ...

In rejecting a submission that the money payable to High-Crest by the Department was not "government funding" as it was not for the purpose of making residential units in the facility available to seniors but, rather, was payable for the purpose of securing the services stipulated in the Service Agreement, Owen J stated (at para. 93): It is true that High-Crest was required to provide the Services as consideration for the payments it received from the Department. ...

It is the same consideration which makes it clear that the evidence of expert witnesses, that the L.I.F.O. method is a generally acceptable, and in this case the most appropriate, method of accountancy, is not conclusive of the question that the Court has to decide. ...

Expense- Restrictive Covenants Following competition among the major U.K. oil companies to have service stations distribute the companies' products on an exclusive basis, the taxpayer began entering into arrangements under which it would lease the service station from the owner for a period of up to 20 years in consideration for a nominal annual rent and a lump sum payment paid at the inception of the lease. ...