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Results 21 - 23 of 23 for consideration
EC summary
Bedford Overseas Freighters v. MNR, 59 DTC 1008, [1959] CTC 58, [1959] CTC 57 (Ex. Ct.) -- summary under Contract or Option Cancellation
When a vessel of the taxpayer ceased to be operational due to a need for major repairs, the taxpayer agreed with the charterer to cancel the charter party in consideration for the payment by the taxpayer of $130,203.44, thereby eliminating potential substantial claims by the charterer. ...
EC summary
Quality Chekd Dairy Products Association v. MNR, 67 DTC 5303, [1967] CTC 452 (Ex Ct) -- summary under Subparagraph 212(1)(d)(i)
-resident corporative association of dairy companies, received a fee from a Canadian member that was, in part, a royalty for the use in Canada of a certification mark and, in part, consideration for know-how provided by it to the Canadian member, namely, providing assistance on production, quality control, advertising and marketing. ...
EC summary
MNR v. Merritt Estate, 69 DTC 5159, [1969] CTC 207 (Ex Ct) -- summary under Paragraph 251(1)(c)
Merritt Estate, 69 DTC 5159, [1969] CTC 207 (Ex Ct)-- summary under Paragraph 251(1)(c) Summary Under Tax Topics- Income Tax Act- Section 251- Subsection 251(1)- Paragraph 251(1)(c) relevant time: when directions given The deceased, in one of his sober moments, agreed with his son's professional adviser that in order to protect his investments from further depletion due to the imprudent decisions to which he was prone, he should transfer those assets to a newly-incorporated corporation to be owned by his son and daughter in consideration for an annuity and a 25-year debenture of the corporation bearing interest at 3% (at a time at which Canada bonds yielded 4.83%). ...