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It is important to note the determination of the ACB of the beneficiary’s capital interest in paragraph 107(1)(a) as described above, does not apply if any part of the interest was acquired for consideration and the trust is non-resident at the time of the disposition. ...

Consideration should be given to whether any particular estate could be deemed to be resident in Canada pursuant to section 94. 3 Subsection 107(5) provides that subsection 107(2.1) applies (giving rise to a taxable distribution) and subsection 107(2) does not apply “in respect of a distribution of a property (other than a share of the capital stock of a non-resident-owned investment corporation or property described in any of subparagraphs 128.1(4)(b)(i) to (iii)) by a trust to a non-resident taxpayer (including a partnership other than a Canadian partnership)) in satisfaction of all or part of the taxpayer's capital interest in the trust.” ...

De manière générale, les alinéas 7(1)b), b.1), d) et d.1) L.I.R. s’appliquent lorsque l’employé ou une personne avec laquelle il a un lien de dépendance obtient une contrepartie en considération des droits afférents aux titres dont l’employé a disposé. ...

La Reine (footnote 2), la Cour a confirmé qu’il est nécessaire de procéder à une évaluation objective du test d’objet prévu au paragraphe 83(2.1) L.I.R, qui ne peut s’effectuer qu’en prenant en considération toutes les circonstances pertinentes d’une situation donnée. ...

Lita Krantz, CPA, CA Manager Tax Credits and Ministerial Issues Business and Employment Division Income Tax Rulings Directorate Legislative Policy and Regulatory Affairs Branch FOOTNOTES Note to reader: Because of our system requirements, the footnotes contained in the original document are shown below instead: 1 See Health Canada’s webpage titled “Regulatory considerations on the classification of non-medical masks or face coverings: Notice to industry.” 2 See the Canadian Centre for Occupational Health and Safety webpage titled “Respirators, Surgical Masks, and Non-Medical Masks” at www.ccohs.ca/images/products/pandemiccovid19/pdf/masks.pdf 3 See the WHO webpage titled “Coronavirus disease (COVID-19): Masks” at www.who.int/emergencies/diseases/novel-coronavirus-2019/question-and-answers-hub/q-a-detail/coronavirus-disease-covid-19-masks and page 4 of the PDF document titled “Mask use in the context of COVID-19” at the following link: www.who.int/publications/i/item/advice-on-the-use-of-masks-in-the-community-during-home-care-and-in-healthcare-settings-in-the-context-of-the-novel-coronavirus- (2019-ncov)-outbreak PROTECTED B PROTECTED B ...

The gifts will be formally documented through a written act of gift and no consideration will be received by Mr. ...

XXXXXXXXXX 2021-087667 XXXXXXXXXX, 2021 Dear XXXXXXXXXX: Re: Advance Income Tax Ruling Request – Transfer between U.S. pension plans XXXXXXXXXX This is in reply to XXXXXXXXXX email of XXXXXXXXXX requesting that we resume our consideration of the request for an advance income tax ruling (“Ruling”) on behalf of the XXXXXXXXXX that was originally submitted in XXXXXXXXXX letter of XXXXXXXXXX. ...

Such considerations would not have been applicable to the subsection 5907(2.1) election.  ...

Furthermore, as discussed in paragraph 3 of Interpretation Bulletin IT-339R2, a PHSP must contain the following basic elements: i)     an undertaking of one person, ii)     to indemnify another person, iii)     for an agreed consideration, iv)     from a loss or liability in respect of an event, v)     the happening of which is uncertain. ...

Concurrently with the issue of the new preference shares, Famco also issues additional common shares to the Son in consideration for a subscription price equal to their fair market value (based on the fair market value of an existing common share of Famco held by the Son).  ...