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In general, a "gift" for purposes of the Income Tax Act ("the Act") means a voluntary transfer of the donor's property without valuable consideration to the donor. ...

The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships and aircraft shall not be regarded as immovable property. 3. ...

To benefit from interest rates that are lower than the prevailing market rates, a penalty is paid to the financial institution in consideration of a reduced interest rate payable on the loan. ...

In the past, Opco disposed of a Class 10 depreciable property, selling it to its parent company (Manageco) for the nominal consideration of $1, the fair market value (hereinafter "FMV") of the property at the time. ...

As part of the sale of the Bco Shares to Dco, Dco also purchased the Bco Debt for cash consideration of $200,000. 5. ...

PROPOSED TRANSACTIONS 5) The Charity is proposing to offer excess space not currently required by the Charity to downtown merchants in consideration for monthly rents. ...

Hco will sell its shares of Rco (the "Rco Shares") to ACO and as consideration therefor will receive common shares of ACO (the "AShares") with a fair market value ("FMV") equal to the FMV of the Rco Shares transferred. ...

If you feel that the payments meet the above requirements, your client may choose to resubmit a more detailed certification for our consideration. ...

These rulings are based on the Act in its present form and do not take into consideration any proposed amendments to the Act. ...

In making such a determination, the principles in 65302 BC Ltd. must be taken into consideration. ...