Search - consideration

The Notes were subsequently acquired by BCO for fair market value consideration equal to the face amount of the Notes. ... Pursuant to XXXXXXXXXX, upon the issuance of XXXXXXXXXX common shares by a Subsidiary Corporation, the amount of money received in consideration therefor shall be added to the stated capital account maintained by the Subsidiary Corporation in respect of its common shares. ... The amount of such reduction shall be equal to the addition to such stated capital account set out in paragraph 12, above, being the subscription price paid by BCO in consideration of the issuance of the common shares of the relevant Subsidiary Corporation. ...

In fact, the role of the employment agency should be taken into consideration in determining to what extent it is relevant in connecting employment income to a reserve. ... A sole proprietorship can incorporate for many legitimate business reasons, including tax considerations. ... While it may carry some weight, the most important considerations in determining the situs of business income are the location of the revenue-generating activities, and the location of the customers of the business. ...

., with no obligation, contractual, moral or otherwise) due to the automatic nature of the arrangement and, arguably, because it would be paid with the expectation or anticipation of consideration (education). ... Another condition that must be satisfied is that the transfer is made without expectation of return or consideration. ... It is a question of fact whether in a particular situation a transfer of property is voluntary and does not involve the expectation of consideration. ...

You presented a hypothetical situation for our consideration which we have restated in more general terms as follows: A trust which is resident in Canada was created by the will of a man who died after 1971. ... Our Comments Although you have asked for a technical interpretation, the scenario under consideration appears to be an actual fact situation. ... Each case would have to be considered on its own merits and applications for consideration under subsection 220(3.2) should be submitted to your local Tax Services Office. ...

A reimbursement payment would be made pursuant to a legal agreement in return for equivalent consideration paid by USCo to CanCo's employees and would not therefore be a benefit for purposes of subsections 15(1) and 246(1) and Part XIII. ... A payment made to reimburse a related party for bona fide expenses incurred pursuant to a legal agreement in return for adequate consideration would not generally be considered a benefit for purposes of subsections 15(1) and 246(1) and, thus by extension, Part XIII tax. In this case, the Reimbursements would be made pursuant to the Agreement in return for equivalent consideration paid by USCo to CanCo’s employees. ...

Une option d'achat a été définie comme suit par la jurisprudence:      An option is the privilege (acquired for valid consideration) of executing or relinquishing, as the grantee may choose, within a specified period of time a commercial transaction on pre-established terms. ... (Une option est un privilège (acquis en contrepartie d'une considération valable) pour exécuter ou abandonner, au choix du détenteur, dans une période de temps déterminée, une transaction commerciale selon des termes pré-établis. ... Ainsi ce terme est défini par Le Robert, dictionnaire alphabétique et analogique de la langue française, comme "Promesse unilatérale de vente..., par laquelle une personne s'engage à vendre une chose à un prix déterminé à une autre personne qui accepte la promesse, sans s'engager à acheter immédiatement, ni même à lever l'option". et dans The Oxford English Dictionary, Second Edition,      "The privilege (acquired on some consideration) of executing or relinquishing, as one may choose, within a specified period a commercial transaction on terms now fixed". finalement A Dictionary of Tax Definitions de G.V. ...

Une option d'achat a été définie comme suit par la jurisprudence: An option is the privilege (acquired for valid consideration) of executing or relinquishing, as the grantee may choose, within a specified period of time a commercial transaction on pre-established terms. ... (Une option est un privilège (acquis en contrepartie d'une considération valable) pour exécuter ou abandonner, au choix du détenteur, dans une période de temps déterminée, une transaction commerciale selon des termes pré-établis. ... Ainsi ce terme est défini par Le Robert, dictionnaire alphabétique et analogique de la langue française, comme "Promesse unilatérale de vente..., par laquelle une personne s'engage à vendre une chose à un prix déterminé à une autre personne qui accepte la promesse, sans s'engager à acheter immédiatement, ni même à lever l'option". et dans The Oxford English Dictionary, Second Edition, "The privilege (acquired on some consideration) of executing or relinquishing, as one may choose, within a specified period a commercial transaction on terms now fixed". finalement A Dictionary of Tax Definitions de G.V. ...

At page 65, Sarchuk T.C.J. stated that: Careful consideration of the evidence leads me to conclude that it does not establish that the appellant was required by the contract of employment to pay certain expenses he incurred... ... The precise issue under consideration would also not appear to have been the central issue to which the Court directed its mind in any of these decisions. ... The pending appeal decision may therefore shed some light on this issue and on those situations involving paragraph 8(1)(f) which are under consideration in this memorandum. ...

Pour cette raison, il exploitait une entreprise en vertu d’un contrat comme le prévoient les paragraphes 8(10) et 122.3(1). » Par ailleurs, dans l’affaire Audet (footnote 3), la Cour fédérale a spécifiquement conclu que le fait de consentir une garantie est une entreprise au sens du paragraphe 248(1) L.I.R. en étant une activité de quelque genre que ce soit: « 12 Le fait d’endosser, de prendre un risque, constitue à mon avis une activité, même s’il n’y a aucune considération attachée au service. S’il y a considération attachée à l’endossement, à mon avis, le bénéfice qui en découle est celui d’une entreprise tel que cette expression est décrite à l’article 139(1)e) [(maintenant définie au paragraphe 248(1))]. » Lorsqu’une activité d’un contribuable constitue une « entreprise », la seconde étape est de savoir si cette entreprise est « exploitée ». ... Toutefois, l’ARC n’appliquerait pas en général le paragraphe 15(1) L.I.R. en raison seulement de l’octroi d’une garantie lorsque l’ARC est d’avis que le particulier paye à sa société par actions un montant de frais de garantie raisonnable à titre de considération pour l’octroi par sa société d’une garantie hypothécaire pour un prêt personnel du particulier. ...

Such amounts are not consideration paid for services performed in Canada. 3. ... In consideration of the Dealers' services in offering the Units for sale, the Dealers will be entitled to receive a commission of approximately $XXXXXXXXXX per Unit sold. ... Section 105 to the Income Tax Regulation will not apply to require withholding of tax from the Earned Fees because such amounts are not consideration paid for services performed in Canada. ...