Search - consideration

Where paragraph 66(12.1)(a) applies, a taxpayer’s “cumulative Canadian exploration expenses” is reduced by consideration received (including revenue from a bulk sample where the original cost relates to CEE of the taxpayer). ...

Accordingly, in general terms, a gift is a voluntary transfer of property without valuable consideration. ...

In this regard, I have forwarded a copy of our correspondence to the Honourable Paul Martin, Minister of Finance, for his consideration. ...

As you note, the term “gross revenue” of a taxpayer for a taxation year is defined in subsection 248(1) of the Income Tax Act (the “Act”) as the total of two amounts and, assuming that only the first amount in that definition would be relevant to the situation under consideration, the “gross revenue” of the taxpayer would be comprised of “all amounts received in the year or receivable in the year (depending on the method regularly followed by the taxpayer in computing the taxpayer’s income) otherwise than as or on account of capital”. ...

Therefore, I am sending a copy of our correspondence to the Honourable Bill Morneau, Minister of Finance, for his consideration. ...

When the lawyer completed the transaction he issued, in error, an existing class of preference shares ("old" preference shares), as consideration for the re-purchase of common shares. ...

Following a thorough analysis of the Williams case and due consideration of extensive input from the Indian community, the Department has developed four guidelines dealing with the taxation of employment income of Indians. ...

As stated in paragraph 3 of Interpretation Bulletin IT-339R2 "Meaning of "Private Health Services Plan"", a plan of insurance must contain the following basic elements of insurance: a)an undertaking by one person, b)to indemnify another person, c)for agreed consideration, d)from the loss or liability in respect of an event, e)the happening of which is uncertain. ...

XXXXXXXXXX 941179 Attention: XXXXXXXXXX May 31, 1994 Dear Sirs: Re: Registered Retirement Savings Plan (RRSP) This is in reply to your letter of April 15, 1994, in which you ask whether section 74.1 of the Income Tax Act (unless as otherwise stated all references to this statute are to the Income Tax Act S.C. 1970-71-72, c. 63 as amended, consolidated to June 10, 1993- the "Act") would apply where: an individual transfers cash to a spouse for no consideration, the spouse contributes the cash to an RRSP of which the spouse is the annuitant, the spouse claims the contribution deduction pursuant to 146(5) of the Act, and some time later the spouse withdraws the money and that amount is included in the spouse's income pursuant to subsection 146(8) and paragraph 56(1)(h) of the Act. ...

Subsection 49(3) provides that in computing the vendor's proceeds of disposition of the property, there shall be included the consideration received for the option. ...