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If the circumstances of the conversion are such that the shares have been disposed of by the shareholders in consideration for membership interests, we note that section 51 would apply only if a membership interest qualified as a “share of the capital stock” of the corporation. ...

First, all potentially relevant factors that connect the property to a location are identified and then each factor is given weight in light of three considerations: the purpose of the income tax exemption, the type of property, and the taxation of that property. ...

First, potentially relevant factors that connect the income to a location are identified and then each factor is given weight in light of three considerations: the purpose of the income tax exemption, the type of property, and the taxation of that property. ...

Ainsi, dans la présente situation, la question de savoir s’il y a suffisamment de facteurs de rattachement liant le revenu à une réserve ne peut être déterminée qu’en tenant compte de tous les faits pertinents et en prenant en considération les facteurs de rattachement qui se rapportent aux activités de la Société plutôt que ceux qui se rapportent au revenu d’emploi. ...

3) During which period shall the Minister reassess a taxpayer in order to take into consideration a reduction of an amount otherwise required to be included in computing the deceased's income, as permitted by subsection 146.3(6.2)? 4) When does an amount need to be paid by or on behalf of a taxpayer to a carrier as consideration for a RRIF in order to be deductible under paragraph 60(l)? ...

The Subco Preferred Shares were issued as consideration for the transfer of assets by Pubco in favour of Subco on a rollover basis. The Subco Preferred Shares are retractable for an amount equal to the fair market value ("FMV") of the consideration received by Subco upon the issuance of the shares, plus a premium to be established in function of various parameters (the "Premium"). ...

A would first dispose of his or her Holdco common shares in favour of his or her children for FMV consideration. The children would then dispose of the Holdco common shares in favour of another corporation ("Newco") in consideration for a promissory note. ...

A l'échéance de l'entente, X devra remettre à Z la totalité de l'inventaire et ce, sans qu'aucune considération de quelque nature que ce soit ne soit reçue par X. ... Dans la présente situation, selon les renseignements que vous nous avez soumis, nous comprenons que X aurait l'obligation de livrer des biens à une date future sans considération et que la vente ou la disposition de ces biens à un montant nul s'effectuerait à l'échéance du contrat. ...

It provides, inter alia, that where all the beneficial interests in a particular inter vivos trust acquired by way of the transfer, assignment or other disposition of property to the particular trust were acquired by one person, any beneficial interest in the particular trust acquired by such a person is deemed to have been acquired for no consideration. ... Therefore, pursuant to paragraph 108(7)(b) of the Act, the beneficial interest of the individual in the trust would be deemed to have been acquired for no consideration for the purposes of subsection 107(1). ...

It would depend on the consideration received for each class of shares. ... Par contre, lorsqu'un bien dont il est question au sous-alinéa 20(1)c)(ii) fait l'objet d'une disposition, le bien de remplacement est pris en considération pour déterminer l'application continue de ce sous-alinéa. ...