Search - consideration

.)-- summary under Income-Producing Purpose Summary Under Tax Topics- Income Tax Act- Section 18- Subsection 18(1)- Paragraph 18(1)(a)- Income-Producing Purpose The taxpayer agreed to pay 20% of its net profits to other corporations in consideration for their provision of managerial services and advice on technical matters. ...

Expense- Know-How and Training The taxpayer agreed to pay 20% of its net profits to other corporations in consideration for their provision of managerial services and advice on technical matters. ...

Expense- Lessening of Competition The taxpayer agreed to pay 20% of its net profits to other corporations in consideration for their provision of managerial services and advice on technical matters. ...

Accordingly, the film company paid a lump sum of £15,000 to the taxpayer in consideration for his agreement to give up all film work for an 18-month period. ...

Accordingly, the film company paid a lump sum of £15,000 to the taxpayer in consideration for his agreement to give up all film work for an 18-month period. ...

The fact that the purchase was driven, in part, by favourable tax considerations does not detract from the ongoing and commercial nature of the endeavour. ...

Kipling granted world film rights for a 10-year period to Paramount Pictures Inc. for consideration of £8,000. ...

MNR, 67 DTC 551, [1967] Tax A.B.C. 780-- summary under Paragraph 12(1)(a) Summary Under Tax Topics- Income Tax Act- Section 12- Subsection 12(1)- Paragraph 12(1)(a) amount received in substance as deposit not recognized at that time A developer entered into an agreement with a purchaser of its building lots under which the purchaser (a builder) paid $120,000 to the taxpayer in consideration for the taxpayer granting an "option" to sell the building lots to the purchaser. ...

Profit- Patents and Know-How The plaintiff granted a licence to the defendants for a period of five years to make and sell artificial legs pursuant to a patent of the plaintiff in consideration for a fixed sum of £3,000 (£1,000 down and the remainder by instalments). ...

The agreement signed by the taxpayer indicated that the income tax payable resulting from the proposed change would be subject to interest at the prescribed rate, there was no incorrect advice given by an auditor that the reassessment would not result in income tax being owing, the Minister did not act in bad faith, and there was no breach of the principles of fundamental justice or consideration of extraneous or irrelevant factors. ...