Search - consideration

XXXXXXXXXX Rather than being a gift it might be a sale or transfer for consideration equal to the value of the lease, notwithstanding the fact that the fair market value far exceeds the consideration. ...

The charity would issue a receipt to the Client for the full retail value of the prints, being approximately $XXXXXXXXXX The Client will receive no other consideration for his donation. ... The determination as to whether a specific donation of prints to a registered charity would constitute a voluntary transfer of property without consideration must be made on the basis of the facts in each particular case. 3.      ...

Consequently, while CPP contributions that are required to be paid during the leave period are to be deducted and remitted by the trustee as by any other employer, CPP contributions paid in the year prior to the leave period must be taken into consideration by the trustee. ... However, since CPP contributions made during the year prior to the leave period are to be taken into consideration by the trustee, the amount of contributory earnings reported by the trustee may not coincide with the earnings reported in box "C" for that particular year. ...

In a subsequent year, the taxpayer transferred shares of a corporation to his spouse for fair market consideration which was in excess of the adjusted cost base of the shares. This consideration consisted of a demand promissory note bearing interest at the prescribed rate. ...

Such a determination would require a full consideration of all facts and surrounding circumstances. ... We offer the following general comments for your consideration. The characteristics of a trust are described by D.W.M. ...

In paragraph 3 of IT-110R2 it states that "A gift, for purposes of sections 110.1 and 118.1, is a voluntary transfer of property without valuable consideration." ... Consideration of changes to existing legislation is the responsibility of the Department of Finance. ...

It is our view that an amount received by a non-resident corporation in respect of goodwill on the disposition of a business which earns income described in paragraph 81(1)(c) of the Act would not be included in income under paragraph 14(1)(b) of the Act as the consideration received by the non-resident corporation in respect of the disposition is not included under paragraph E(a) of the definition of "cumulative eligible capital" in subsection 14(5) of the Act. This is so because had the consideration given by the non-resident corporation (i.e. the goodwill) been paid for by the non-resident corporation, the payment would not have been an "eligible capital expenditure" also as defined in subsection 14(5) of the Act, as it would have been incurred for the purpose of gaining or producing income that is exempt income. ...

The consideration of whether or not the payments are non-taxable involves paragraph 81(1)(h) of the Act. ... In determining whether or not payments received by a caregiver are non-taxable by virtue of paragraph 81(1)(h) of the Act, an important consideration is whether the caregiver is an employee or an independent contractor. ...

Another case we have been asked to consider is the situation where a donor is provided with an article (advantage) in consideration for a pledge to make donations over a number of years. ... If you encounter such a situation, we recommend that the case be referred to Rulings for further consideration. ...

The units of the Trust are issued to the unitholders in consideration of Canadian funds payable to the Trust. 3. ... The Agreement provides that the Trust agrees to make a cash payment in Canadian funds to the Canadian bank in consideration for the right to exercise against the Canadian bank an option ("option right") to obtain from the Canadian bank a pre-determined percentage of the fair market value of an investment basket that both parties have agreed upon at closing. 4. ...