Search - consideration

2006 Ruling 2006-0180261R3 F- In-House Loss Utilization Unedited CRA Tags 55(3)(a) 111(1) 84(3) Principal Issues: Transfer on a tax-deferred basis of shares of the capital stock of a corporation by Profitco in favour of Lossco, in consideration for preferred shares of the capital stock of Lossco. ...

The Original Trusts will not receive any consideration as a result of the resettlements. ...

E Co will transfer all of the physical property and assets of the Facility to E LP pursuant to subsection 97(2) of the Act and as consideration will receive XXXXXXXXXX% interest in E LP as a limited partner. 24. ...

Pursuant to the Project Agreement, in consideration for Project Co carrying out and completing the Works, Entity A will provide Project Co, its subcontractors and their employees, officers, agents and advisors a non-exclusive licence, right of use and access to, on and over the building site and the Facility as are required by Project Co to perform the Project Operations ("Licence"). 7. ...

Aucune contrepartie n'est versée à monsieur X en considération de cet engagement. ...

None of the Preferred Shares will be, at any time during the implementation of the proposed transactions described herein: (a) the subject of any undertaking that is a guarantee agreement; (b) the subject of a dividend rental arrangement; (c) the subject of any secured undertaking of the type described in paragraph 112(2.4)(a); or (d) issued for consideration, except as described herein. ...

Each of the brothers would then dispose of the common shares of the capital stock of Holdco 1 or Holdco 2, as the case may be, in favour of another corporation ("NewHoldco 1" and "NewHoldco 2") in consideration for preferred shares having a FMV, ACB and PUC of $XXXXXXXXXX, and common shares of the capital stock of the NewHoldcos. ...

émises pour une considération qui est ou qui inclut: (a) une obligation telle que celle décrite au sous-alinéa 112(2.4)b)(i), à l'exception d'une telle obligation souscrite par une société liée à NOUCO (autrement que par un droit visé à l'alinéa 251(5)b)) immédiatement avant l'émission des actions; ou (b) tout droit tel que celui décrit au sous-alinéa 112(2.4)b)(ii). 32. ...

Il s'agit d'une obligation en considération de la personne. ...

The Newco Preferred Shares will not at any time during the implementation of the Proposed Transactions be: a. the subject of any undertaking that is referred to in subsection 112(2.2) as a “guarantee agreement”; b. the subject of a dividend rental arrangement; c. the subject of any secured undertaking of the type described in paragraph 112(2.4)(a); or d. issued for consideration that is or includes: i. an obligation of the type described in subparagraph 112(2.4)(b)(i), other than an obligation of a corporation that is related (otherwise than by reason of a right referred to in paragraph 251(5)(b)); or ii. any right of the type described in subparagraph 112(2.4)(b)(ii). 22. ...