Search - consideration

X in respect of which no consideration will be received by, or will accrue to, him. ...

You also noted that the CICA Handbook, in section 3400, entitled Revenue, at paragraph.03, defines Revenue as: "... the inflow of cash, receivables or other consideration arising in the course of the ordinary activities of an enterprise, normally from the sale of goods, the rendering of services, and the use by others of enterprise resources yielding interest, royalties and dividends. ...

The amount subject to installment payments is determined by whichever of the following methods* gives rise to the least total amount of installments of tax for the year: (a) the total of the taxes payable under Parts I, I.3, VI and VI.1 by the corporation for the year, determined before taking into consideration the "specified future tax consequences", within the meaning thereof in subsection 248(1) of the Act, for the year; (b) the corporation's first installment base for the year; or (c) the corporation's second installment base and its first installment base for the year. ...

Subsection 14(1) of the Act requires a consideration of whether an amount in respect of damage/compensation, had it been paid rather than received by a taxpayer, would be an "eligible capital expenditure" (i.e., the mirror principle). ...

Accordingly, should you require any assistance with respect to any particular plan, you should provide the details of the plan to the appropriate tax services office for their consideration. ...

To the best of your knowledge and that of the Partnership, Aco, Bco, Cco and Dco, none of the issues involved in this ruling application is: (a) relevant to a tax return previously filed by Aco, Bco, Cco or Dco or a related person; (b) under consideration by a tax services office or taxation centre in connection with a previously filed tax return of Aco, Bco, Cco or Dco or a related person; (c) under objection by Aco, Bco, Cco or Dco or a related person; (d) the subject of a ruling previously issued by this Directorate of the Partnership Aco, Bco, Cco or Dco or a related person; or (e) before the courts or if a judgment has been issued, the time for an appeal to a higher court has not expired. ...

For greater certainty, at any particular time during the period that the preferred shares are outstanding, their dividend rate will exceed the interest rate payable at that time on the PROFITSUB Demand Loan; (c) they will be redeemable at any time at the option of the holder or Newco for cash or by delivering a financial asset of Newco (including the PARENT Demand Loan issued under paragraph 8 below) for an amount equal to the aggregate of the fair market value of the consideration for which the shares were issued and any unpaid dividends; and (d) the redemption price of the Newco Preferred Shares could also be satisfied by setting off amounts owing under the PROFITSUB Demand Loan against the unpaid redemption price of the Newco Preferred Shares in circumstances where Newco becomes the holder of the PROFITSUB Demand Loan as described in paragraph 8 below. ...

Les bonis visés par le Régime sont des gratifications ou des paiements analogues octroyés en considération des services rendus par les employés et ils sont en sus des salaires ou autres rémunérations, raisonnables selon la politique salariale des SOCIÉTÉS, et qui sont par ailleurs dus selon les contrats de travail avec les employés. 5. ...

En pareil cas, s'il est raisonnable de conclure que l'existence distincte des sociétés est motivée essentiellement par des considérations fiscales, les sociétés seront réputées associées l'une à l'autre. ...

Cependant, si une renonciation a été produite par une société tel que mentionné précédemment et que le délai pour procéder à un remboursement est expiré, l'ADRC est disposé à prendre les circonstances particulières d'un cas donné en considération avant de prendre une décision finale. ...