Search - consideration

On the other hand, if the consideration is less than the lesser of the applicable limits in (a) to (c) below, then the lesser of those limits is deemed to be the parent's proceeds of disposition and the child's cost of acquisition. ... " For purposes of those provisions, the term "proceeds of disposition otherwise determined" generally means the amount of consideration paid or payable by a child on a transfer of farm property. In the case of a gift, there is no consideration paid or payable and, because of paragraph 73(3)(c), section 69 does not apply to otherwise determine the proceeds of disposition on such a transfer. ...

If the consideration is in excess of the greater of the applicable limits described in (a) to (c) below, then the greater of those limits is deemed to be the transferor's proceeds of disposition and the transferee's cost of acquisition. ... It is the Department's view that, for purposes of those provisions, the term "proceeds of disposition otherwise determined" means the amount of consideration paid or payable by a child on a transfer of farm property. In the case of a gift, there is no consideration paid or payable and, because of paragraph 73(3)(c), section 69 does not apply to otherwise determine the proceeds of disposition on such a transfer. ...

On the other hand, if the consideration is less than the lesser of the applicable limits in (a) to (c) below, then the lesser of those limits is deemed to be the parent's proceeds of disposition and the child's cost of acquisition. ... " For purposes of those provisions, the term "proceeds of disposition otherwise determined" generally means the amount of consideration paid or payable by a child on a transfer of farm property. In the case of a gift, there is no consideration paid or payable and, because of paragraph 73(3)(c), section 69 does not apply to otherwise determine the proceeds of disposition on such a transfer. ...

If the consideration is in excess of the greater of the applicable limits described in (a) to (c) below, then the greater of those limits is deemed to be the transferor's proceeds of disposition and the transferee's cost of acquisition. ... It is the Department's view that, for purposes of those provisions, the term "proceeds of disposition otherwise determined" means the amount of consideration paid or payable by a child on a transfer of farm property. In the case of a gift, there is no consideration paid or payable and, because of paragraph 73(3)(c), section 69 does not apply to otherwise determine the proceeds of disposition on such a transfer. ...

The amount of the benefit, if any, is: the fair market value of the consideration received by the non- arm's length transferee for the rights Minus: any amount paid by the employee for those rights. ... " The word "issue" means to deliver unissued shares of a corporation, including to deliver unissued shares for no monetary consideration. ... Forward participating shares are generally those shares of a separate class of a corporation that are purchased by the individual for fair market value consideration. ...

Tax Avoidance Consideration 6. Where one of the main purposes of an acquisition of shares is to acquire a right to a capital dividend, the capital dividend if paid after 4:00 p.m. ...

The Department considers that such a method of payment is prima facie evidence that the consideration is in respect of the sale of mineral or petroleum rights. 5. ...

(ii) the amount by which the fair market value of the property, at the time it was transferred, exceeds the fair market value, at that time, of the consideration given for the property. ...

It is well established at law that a gift is a voluntary transfer of property for which donors receive no consideration (i.e., no direct and exclusive personal benefit for themselves or other persons in which they have a purely private and personal interest) in return for the gift. ...

For example, if a taxpayer transfers merchandise or supplies to a charity in consideration of a right, privilege, material benefit or advantage such as promotion or advertising for the taxpayer's business, then the transfer would not be a gift. ...