Search - consideration

Document Disclosed Pursuant to The Access To Information Act Document Divulgué en vertu de la loi sur l'accès à l'information This example illustrates why losses of corporations in a corporate group must be included in the computation of consolidated income earned or realized.5 The same result would obtain if, sometime before the relevant time, A Co had sold the shares of C Co to B Co for nominal consideration. ... Investment Tax Credit Depreciable Property A corporation that has acquired a property, or made an expenditure, the specified percentage of which is included in its investment tax credit as defined in subsection 127(9) may claim a deduction from its tax otherwise payable under Part I of the Act as permitted in subsection 127(5), or it may be deemed by subsection 127.1(1) to have paid an amount on account of its tax under Part I of the Act, which amount is deemed to have been deducted under subsection 127(5). 1) Subsection 13(7.1) A incorporates A Co and subscribes for common shares for consideration of $100. ...

Economic considerations dictated the sale in 1951. His Honour held that the profit on sale was made in the carrying on of the company's business and was assessable as a profit according to the ordinary usages and concepts of mankind. ... One important consideration in buying shares was that they should immediately- or within a reasonable period- produce a dividend yield of 4% or better. ...