Search - consideration

Expense- Contract or Option Cancellation The taxpayer made a lump-sum payment to terminate an agreement under which an American company agreed to supply the taxpayer from time to time at its request with future know-how in consideration for an annual fee equal to 10% of the taxpayer's consolidated pre-tax profits for 15 years. ...

Thereafter, all the consideration paid by Clearly Canadian for the services of the taxpayer was satisfied by the payment of fixed monthly amounts to the taxpayer pursuant to a "legal services agreement". ...

The concept of 'an economic activity' is an activity which typically is performed for a consideration and is connected with economic life in some way or another. ...

The Queen, 2000 DTC 6127 (FCTD)-- summary under Section 96 Summary Under Tax Topics- Income Tax Act- Section 96 A purported partnership ("Anwin") of which the taxpayer was a limited partner entered into a joint venture agreement with a corporation ("Anaquan") which was also the general partner of Anwin pursuant to which Anaquan agreed, in consideration for funding by Anwin, to incur qualifying research expenditures on the conduct of research at its facility in Winnipeg and to pay 10% of its gross income from the research facility, up to an annual maximum of 20% of the contract price, for the first five years of the agreement, and for the next five years to pay 5% of such gross income up to an annual maximum of 10%. ...

The Queen, 97 DTC 1328 (TCC)-- summary under Safe-Income Determination Time Summary Under Tax Topics- Income Tax Act- Section 55- Subsection 55(1)- Safe-Income Determination Time subsequent redemption of preferred shares was not assimilated to the series in which they were issued one or more year previously, given different objectives for each and lack of interdependence On September 10, 1988, the taxpayer transferred its assets to a subsidiary ("Alimentation 1988") in consideration for a demand promissory note and 506,125 Class B shares having a redemption value of $1 per share and nominal paid-up capital. 151,125 of the Class B shares were redeemed in the fiscal years of Alimentation 1988 ending on May 31, 1990, 1991 and 1992. ...

United Aircraft Corp. (1943), 7 A.T.D. 318 (HC)-- summary under Subparagraph 115(1)(a)(ii) Summary Under Tax Topics- Income Tax Act- Section 115- Subsection 115(1)- Paragraph 115(1)(a)- Subparagraph 115(1)(a)(ii) provision of knowhow in the US to Australian company not carrying on business in Australia An American manufacturer of airplanes purported to license its rights to use Australian patents and registered designs to an Australian company in consideration for a lump sum of $25,000 and further sums based on the number of aircraft engines manufactured by the Australian licensee. ...

. … The CRA invites the court to infer that there was no consideration of the legal issues by reason of the fact that Mr. ...

Simard-Beaudry, 71 DTC 5511 (FCTD)-- summary under Tax debt Summary Under Tax Topics- Income Tax Act- Section 222- Subsection 222(1)- Tax debt liability for tax arose before assessment The taxpayer agreed in Montreal on December 15, 1964 to acquire assets of another company for consideration which included the assumption of all corporate income taxes which had been incurred prior to January 1, 1965. ...

HMRC argued that ANL was not entitled to recover any input tax on the vouchers because it had acquired the vouchers for on-supply at no consideration. ...

Reid, 2016 QCCA 1587-- summary under Subsection 223(1) Summary Under Tax Topics- Excise Tax Act- Section 223- Subsection 223(1) unless otherwise stipulated, contract price is exclusive of GST even if supplier not registered until invoicing Under the terms of a contract for home renovation work to be performed for the appellant (a real estate agent) by the respondent, the respondent was to be paid 35% of the sale price “in consideration of the renovation work” with a minimum of $805,000 and a maximum of $910,000. ...