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). ...

In general, a RIF is an arrangement between a carrier and an annuitant under which, in consideration for property, the carrier undertakes to pay the yearly minimum amount to the annuitant and, where the annuitant so elects, to the annuitant's spouse or common-law partner after the annuitant's death. ...

Subsection 148(8) of the Act provides that where an interest of a policyholder in a life insurance policy is transferred to a child of the policyholder for no consideration and a child of the policyholder or a child of the transferee is the person whose life is insured under the policy, the interest is deemed to have been disposed of by the policyholder for proceeds of disposition equal to the adjusted cost basis to the policyholder of the interest immediately before the transfer and to have been acquired by the child at a cost equal to that amount. ...

This interpretation would generally prevail across most if not all of Canada's income tax conventions that have been crafted by reference to the Model if the definition of "person" in the particular convention under consideration makes reference to both an "individual" and a "trust". ...

During our telephone conversation of October 23, 2001 (XXXXXXXXXX/Kohnen), we advised that if we were provided with complete disclosure concerning the client in question, we would forward the information to the Assessment and Collections Branch for their consideration. ...

Brian Ernewein, Director of the Tax Legislation Division at the Department of Finance, for his consideration. ...

Does the asset test in the definition of "share of the capital stock of a family farm corporation" in 110.6(1) include assets used by a corporation related to the corporation under consideration? ...

Our Comments As a general rule, the deduction of all expenses is subject to the test of reasonableness in section 67 of the Act, and the question of whether this provision applies in an actual situation can only be determined after a consideration of all of the facts. ...

Under the terms of its registration, a RRIF cannot accept property as consideration thereunder other than property transferred in accordance with subparagraphs 146.3(2)(f)(i) to (vii) of the Act. ...

As a general rule, the deduction of all expenses is subject to the test of reasonableness in section 67 of the Income Tax Act, and the question of whether this provision applies in an actual situation can only be determined after a consideration of all of the facts. ...