Search - consideration

For greater certainty, Parent will receive no consideration for the transfer of the Subject Properties. ...

Also, as noted under paragraph 7 of IT-143R3, if the portion of the total consideration for the business that is allocated to the goodwill is unreasonable, the CRA can apply the provisions of section 68 to deem what may reasonably be regarded as the amount for the goodwill. ...

Paragraph 20(1)(bb) requires consideration in the case of those fees charged to capital account and fees charged to income account that were not laid out to gain or produce income but were outlays on account of capital. ...

In that regard you ask us whether the CRA would consider the dividend receivable to have been settled for nil consideration such that a capital loss would arise on the settlement of the receivable. ...

/ Whether the income declared in the rights or things return of a deceased taxpayer should be taken into consideration in determining the income of the taxpayer pursuant to subsection 56(6) of the Income Tax Act? ...

23 October 2012 External T.I. 2011-0429071E5- Amalgamation of farming business CRA Tags 28(1) 76(1) 80.01(3) 80(1) Principal Issues: Would the amalgamation of Corp A and Corp B result in an income inclusion to Corp A in a situation where Corp A and Corp B each follow the cash basis of accounting, Corp B had issued a promissory note (the “Note”) to Corp A in consideration for a prior acquisition of inventory from a farming business, and the Note, or a portion thereof, was outstanding at the time of amalgamation? ...

As consideration, the Limited Partnership will issue to the First Nation a combination of limited partnership units (at one limited partnership unit per dollar of value) and a promissory note, which in total, equal the fair market value of the XXXXXXXXXX. ...

Par ailleurs, vous mentionnez que les éléments suivants doivent être pris en considération dans le cadre de l'examen de la situation présentée: Au niveau de l'application de l'article 55, le sous-alinéa 251(2)c)(iv) fait en sorte que Société A et Société B étaient liées avant le décès de Madame A. ...

Par ailleurs, selon les faits pertinent soumis et après considération de diverses dispositions de la Loi, telles que les articles 68 et 69 ainsi que les paragraphes 14(1), 56(2) et 247(8), il nous apparaît que les redressements principaux devraient être effectués à l'égard de Canco, le cas échéant, en application du paragraphe 247(2). ...

The various connections between the Reserve and the Appellants’ income from fishing are indisputably bona fide and not motivated by tax avoidance considerations. ...