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If the distributions by Trust A and Trust B are made in different years, consideration should be given to whether the timing of the distributions was influenced by the discretionary beneficiaries of Trust B in which case they may be viewed as having ultimate effective control over the trusts for purposes of subparagraph (a)(v) of the definition “controlling persons” in subsection 270(1). ...

The CRA will take into consideration how the taxpayer reports under the new accounting standards as part of our review of the taxpayer's determination of profit under GAAP. ... In considering whether a strong linkage existed, consideration should be given to the following factors:", and we have provided our general comments below to your specific queries which followed: 1) Does there have to be an underlying capital transaction in order for there to be sufficient linkage? ...

For example, consideration should be given to whether the payment is made in respect of the substitution or conversion of a debt obligation to another debt obligation or share. ... New subsection 18(9.1) also applies to a bonus or penalty, paid in the course of carrying on a business or earning income from property, in consideration of the early repayment of all or part of a borrowing or an unpaid purchase price for property. ...

This is the key consideration, whether an organization has a formal board of directors, is managed by another group of persons, or is managed by one individual. ...

Faits Selon notre compréhension et aux termes des documents analysés ci-dessus mentionnés, les faits importants relatifs au présent dossier peuvent être résumés de la façon suivante: a) Le XXXXXXXXXX la société XXXXXXXXXX, a été constituée sous l'autorité de la Loi canadienne sur les sociétés par actions (ci-après " LCSA "). b) Le même jour, XXXXXXXXXX a émis une action de son capital-actions à la société XXXXXXXXXX. c) Le XXXXXXXXXX, XXXXXXXXXX a émis XXXXXXXXXX actions à XXXXXXXXXX. d) Entre le XXXXXXXXXX et le XXXXXXXXXX, XXXXXXXXXX a investi XXXXXXXXXX $ dans XXXXXXXXXX sous forme d'équité. e) Le XXXXXXXXXX, XXXXXXXXXX a acquis la presque totalité des actions ordinaires émises et en circulation du capital-actions de XXXXXXXXXX pour une considération totale de XXXXXXXXXX $. ...

Will the CRA apply the administrative position described in paragraph 14 of the Interpretation Bulletin IT-125R4 with respect to the exploration expenses the Purchaser has to incur in consideration for the acquisition of the resource property that is unproven? ...

The CRA will take into consideration how the taxpayer reports under the new accounting standards as part of our review of the taxpayer's determination of profit under GAAP. ...

The CRA will take into consideration how the taxpayer reports under the new accounting standards as part of our review of the taxpayer's determination of profit under GAAP. ...

The CRA will take into consideration how the taxpayer reports under the new accounting standards as part of our review of the taxpayer's determination of profit under GAAP.... whether an activity constitutes hedging depends on sufficient inter-connection or integration with the underlying transaction. ...

Based on the context of subparagraph 95(2)(a)(ii) and the implications of the possible interpretations, it is our view that the term "payable" with respect to debt obligations covered by subparagraph 95(2)(a)(ii) means amounts calculated on an accrual basis for the taxation year under consideration. ...