Search - consideration

12 July 1995 Ruling File No. 11755-20-- summary under Service Summary Under Tax Topics- Excise Tax Act- Section 123- Subsection 123(1)- Service "A Tenant inducement is interpreted as being consideration for the supply of a service which occurs at the time the lease is signed. ...

21 October 2014 External T.I. 2014-0543041E5- Class 43.2- Photovoltaic System-- summary under Class 43.2 Summary Under Tax Topics- Income Tax Regulations- Schedules- Schedule II- Class 43.2 solar panels General discussion of the considerations applicable to claiming CCA on solar photovoltaic systems. ...

(August 1990 Access Letter, ¶1387)-- summary under Subsection 146.3(6) Summary Under Tax Topics- Income Tax Act- Section 146.3- Subsection 146.3(6) Where the surviving spouse is not named as beneficiary in either the RRIF application or the will but is the sole beneficiary of the will, the taxpayer should submit complete details in writing to his local district taxation office for consideration. ...

No. 2, p. 11, ¶1062)-- summary under Subsection 80(1) Summary Under Tax Topics- Income Tax Act- Section 80- Subsection 80(1) Where receivables are transferred to the debtor corporation in consideration for treasury shares, s. 80 applies if the fair market value of the shares is less than the principal amount of the debt. ...

No. 2, p. 11, ¶1062)-- summary under Subsection 80(5) Summary Under Tax Topics- Income Tax Act- Section 80- Subsection 80(5) Where receivables are transferred to the debtor corporation in consideration for treasury shares, s. 80 applies if the fair market value of the shares is less than the principal amount of the debt. ...

7 January 2004 External T.I. 2003-001953-- summary under Subsection 108(7) Summary Under Tax Topics- Income Tax Act- 101-110- Section 108- Subsection 108(7) If a trust is established by contributions from two or more unrelated persons and those unrelated persons are beneficiaries of the trust, their respective interests in the trust would be considered to have been acquired for consideration. ...

2000 Ruling 1999-001074-- summary under Paragraph 85(1)(b) Summary Under Tax Topics- Income Tax Act- Section 85- Subsection 85(1)- Paragraph 85(1)(b) S.85(1)(b) would not apply where the portion of liabilities assumed by the transferee that were in excess of the cost amount of the transferred property were so assumed in consideration for a cash payment. ...

(Tax Window, No. 17, p. 6, ¶1765)-- summary under Disposition of Property Summary Under Tax Topics- Income Tax Act- Section 13- Subsection 13(21)- Disposition of Property A 99-year lease of residential suites by a condominium corporation to non-members in consideration for substantial up-front payments and nominal annual payments thereafter will be considered to be a disposition. ...

2 January 1996 Ruling Case No. 11950-- summary under Subsection 153(1) Summary Under Tax Topics- Excise Tax Act- Section 153- Subsection 153(1) Ruling that where land was donated to the local County, the value of the consideration was equal to the value of the right granted by the County to avoid a legal liability to clean up the land. ...

(Tax Window, No. 8, p. 10, ¶1424)-- summary under Disposition Summary Under Tax Topics- Income Tax Act- Section 248- Subsection 248(1)- Disposition Where a taxpayer receives treasury preferred shares of a corporation in consideration for the disposition to the corporation of its common shares, a question may arise as to whether there has been a disposition if the preferred shares are convertible to common shares. ...