Search - consideration

X makes the exchange pursuant to the rules of subsection 86(1) of the ITA, as subsection 51(1) of the ITA does not allow for an exchange involving non-share consideration. ... Furthermore, it is important to note that, even if in a given situation subsection 86(1) of the ITA does not apply, depending on the facts and circumstances, another "rollover" provision may apply, such as section 51 or 85 of the ITA (the latter legislative provision allows, among other things, for the disposition of property for consideration that includes both shares of the capital stock of the transferee corporation and non-share consideration). ...

In the course of such an estate freeze, the freezor exchanges his participating and voting shares in consideration for preferred shares having a redemption price equal to the value of the participating shares before the exchange. ... Class B shares: non-participating, non-voting, redeemable at the option of the holder at a redemption price equal to the consideration received by the corporation at the time of their issuance and entitled to an annual dividend of a maximum of 6%. Class C shares: non-participating, voting, redeemable at the option of the holder at a redemption price equal to the consideration received by the corporation at the time of their issuance and entitled to an annual dividend of a maximum of 6%, Class D shares: non-participating, voting and redeemable by the corporation at a price equal to the paid-up capital for such shares. ...

Acquisitionco CAN would then acquire all of the issued and outstanding shares of the capital-stock of Canco for cash consideration. ... Y, wants to acquire all of the shares of USco owned by Canco for cash consideration. ... Furthermore, the shares of the capital stock of Purchaseco US would not be received as consideration for the acquisition of shares of the capital stock of Canco by Purchaseco US or by Purchaseco Can. ...

Corporation A then permits Corporation B to broadcast the artistic events in Canada in consideration of the payment of money the amount of which depends on the income this broadcasting will generate to Corporation B. a) Is the CRA of the opinion that subparagraph 212(1)(d)(i) and/or (vi) of the ITA would apply to payments made by Corporation B to Corporation A? ... The legislative proposals of July 18, 2005, contains a proposed amendment to paragraph 212(1)(d) to add an exclusion to paragraph 212(1)(d) when a payment is an amount to which subsection 212(5) would apply if that subsection were read without reference to "to the extent that the amount relates to that use or reproduction" (as amended by the legislative proposals of July 18, 2005). c) Paragraph 4 of Article XII of the Canada-US Tax Convention (1980) (hereinafter called the "Convention") defines the term "royalties" used in Article XII as being payments of any kind received as a consideration for the use of, or the right to use, any copyright of literary, artistic, or scientific work (including motion pictures and work on film, videotape or other means of reproduction for use in connection with television). If we take into consideration the assumption put forward about the characterization of the payments Corporation B had made, these payments would be considered as royalties for the purpose of Article XII of the Convention. ...

Subsection 6(3) I.T.A. provides that an amount received by one person from another, among other things, in payment of an obligation arising out of an agreement made by the payer with the payee immediately prior to, during or immediately after a period that the payee was in the employment of the payer, shall be deemed, for the purposes of section 5 I.T.A. to be remuneration for the payee's services rendered during the period of employment, if it is reasonable to consider the amount as having been received pursuant to paragraph (c) as consideration for accepting the office, pursuant to paragraph (d) as remuneration under the contract of employment, or pursuant to paragraph (e) in consideration or partial consideration for a covenant with reference to what the employee is, or is not, to do before or after the termination of the employment. ...

Pour cette raison, il exploitait une entreprise en vertu d’un contrat comme le prévoient les paragraphes 8(10) et 122.3(1). » Par ailleurs, dans l’affaire Audet (footnote 3), la Cour fédérale a spécifiquement conclu que le fait de consentir une garantie est une entreprise au sens du paragraphe 248(1) L.I.R. en étant une activité de quelque genre que ce soit: « 12 Le fait d’endosser, de prendre un risque, constitue à mon avis une activité, même s’il n’y a aucune considération attachée au service. S’il y a considération attachée à l’endossement, à mon avis, le bénéfice qui en découle est celui d’une entreprise tel que cette expression est décrite à l’article 139(1)e) [(maintenant définie au paragraphe 248(1))]. » Lorsqu’une activité d’un contribuable constitue une « entreprise », la seconde étape est de savoir si cette entreprise est « exploitée ». ... Toutefois, l’ARC n’appliquerait pas en général le paragraphe 15(1) L.I.R. en raison seulement de l’octroi d’une garantie lorsque l’ARC est d’avis que le particulier paye à sa société par actions un montant de frais de garantie raisonnable à titre de considération pour l’octroi par sa société d’une garantie hypothécaire pour un prêt personnel du particulier. ...

Such a distribution, being an action taken by the trustee in response to fiduciary duty, is one for which consideration cannot be exacted except in accordance with a provision in the trust deed. ...

Consideration of such issues gives the CRA the opportunity to review or improve the tools currently in place, and to ensure we are always looking to improve the services that we provide. ...

(d) As a result of the Division, FA2 transfers some of its assets (for no consideration) to FA3 and under foreign country corporate law, FA3 must issue shares to the shareholders of FA2 pro rata based on the number of shares they hold in FA2. ...

En considération des services rendus par Serviceco, Opco émettra à Serviceco des actions fictives et un paiement en argent. ...