Search - consideration

The contract was conditional upon the purchaser obtaining a first mortgage for $138,000 which would form part of the consideration together with the further sum of $37,000 on closing. Thus the total consideration due on closing subject to adjustments was the sum of $175,000. ...

Furthermore, a responsible parent’s concern for getting his or her child established remains an acceptable consideration for the purposes of taxation if, apart from family considerations, there is also a clear goal that the business will be profitable. ...

John’s, Newfoundland (“the Property”) with her husband, David Payne, the Appellant; f) the consideration paaid by the transferor and the Appellant was $26,534.64, which included the withdrawn amounts and the assumption of the existing mortgage; g) at the time of transfer, the fair market value of the Property was no less than $24,926.09; h) the aggregate of all amounts that the Transferor was liable to pay under the Act in or in respect of the taxation year in which the Property was transferred or any preceding taxation year was $67,781.51; and i) on May 12, 1993 Genevieve (Jean) Payne transferred her interest in the Property to the Appellant for $1.00. ... It describes the consideration paid for the transfer as $1.00. 5. June 6, 1994 (Exhibit A-1, Tab 9) Genevieve Payne executes an assignment in bankruptcy. 6. ...

While those factors are part of the Minister’s consideration, the issue is the reasonableness of the error when objectively assessed: Dimovski v Canada (Revenue Agency), 2011 FC 721 at para 16. [36] The Minister found that Ms. ... I find that to be a reasonable and appropriate consideration of the financial hardship concern raised by Ms. ...

The Minister is bound to apply the ETA irrespective of policy considerations. [11] The reasoning in JP Morgan is equally dispositive of the second declaration requested – that the assessments were made without an evidentiary foundation. ... One consideration in the exercise of that discretion is whether the declaration will have any real or practical effect (Metro Vancouver Housing at para. 60). ...

He or she would also consider whether the person claiming to be in business has gone about it in an orderly, businesslike way and in the way that a business person would normally be expected to do. [6] This leads to a further consideration-- that of reasonableness. ... There may have been a small personal element, but in my view, in an Amway situation such as the present that 1s, at best, a minor consideration. 9. ...

T-2 requires Tax Court judges to deal with appeals under the informal procedure “as informally and expeditiously as the circumstances and considerations of fairness permit.” [16] There is no rule prohibiting the intervention of a judge in a trial. ... The transcript of the hearing before the Tax Court demonstrates that the judge intervened only to ensure that she fully understood the appellant’s evidence and argument, and to direct the appellant towards the applicable legal considerations. ...

With respect to the argument that the Director took into account extraneous considerations when he considered the compliance history of not only the applicant but its sole director and shareholder, Mr. von Einsiedel, as well as that of the related company RAM, I cannot conclude that these are extraneous considerations. ...

The hearing of these appeals, which began on October 13, 1998, was adjourned at the end of the first morning session at the Appellant’s request to accommodate him on account of health considerations. ... For the same considerations, the hearing did not proceed at his request the following day, that is on October 14, 1998. ...

She signed a shareholders agreement in which she promised her father’s services to JMP free of charge in consideration for 40 shares issued to her. ... Julius Heselmann July 6, 1984 During the same meeting the Appellant drew up and signed Exhibit A-3 which reads: TO: JULIUS HESELMANN In consideration of 40% of the shares of JMP to me and the performance by you of all services required by JMP without compensation by JMP as described in the JMP shareholders’ agreement of April 20, 1984, I release you from the debt you owe me of $140,000 for the losses incurred by me at the farm (Georgina), 300 Wellesley (Toronto), and 2 Oriole Road (Toronto), projects, and the estimated legal expenses to be incurred by me in the litigation arising from these failed projects. 1 confirm that I will pay to you an amount equal to any net recovery I may receive in the litigation referred to above from any net return to me from my 40% shares in JMP. 6/7/84 Christine Heselmann The $140,000 is made up of the following three sums: 1. ...