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ONHCJ decision

Re Schiff, [1949] CTC 97

Therefore, after consideration of all the cases I have mentioned, and one other, Re Fitzsimmons, [1939] 2 D.L.R. 50, 13 M.P.R. 429, which I have considered on another point, it seems to me that I must follow the reasoning in the Reading case and conclude that, dependent as it seems to be on the wording of the particular will, the reasoning of J. ...
Ruling

2008 Ruling 2007-0240271R3 - Purchase and bump

Parent transferred cash to Acquisico 2 in consideration for common shares. d. ... Parent transferred cash to Acquisico 1 in consideration for common shares. e. ... On the Effective Date, Acquisico 2: a. made a loan to Sub 1 in consideration of which Sub 1 issued Note 4; and b. made a loan to GP 1 in consideration of which GP 1 issued Note 5. 27. ...
Ruling

2014 Ruling 2013-0498951R3 - Split-up Butterfly

Each of the XXXXXXXXXX Voting preferred shares and XXXXXXXXXX Non-voting Preferred shares issued by TC1 to Brother will be issued as consideration for a proportionate portion of each of the First common shares and the XXXXXXXXXX of a Class A share of DC transferred to TC1. ... Sister will transfer all of her shares of DC, being XXXXXXXXXX Second Common shares and XXXXXXXXXX of a Class A Special share, to TC2 and, as sole consideration therefor, TC2 will issue XXXXXXXXXX Common shares of TC2 to Sister. ... The Trust will subscribe for XXXXXXXXXX Non-Voting Common shares of TC1 for cash consideration of $XXXXXXXXXX. ...
Ruling

2015 Ruling 2014-0559181R3 - Internal Reorganization

In consideration, Cco will issue Cco Common Shares having a FMV equal to the Class A Common Shares of the capital stock of Bco so transferred. ... In consideration, Dco will issue Dco Common Shares having a FMV equal to the Class A Common Shares of the capital stock of Bco so transferred. ... In consideration, Eco will issue Eco Common Shares having a FMV equal to the Class A Common Shares of Bco so transferred. ...
Ruling

2096 Ruling 9600293 - FULL GROSS-BASIS BUTTERFLY, PERMITTED REDEMPTION, LOSSES

The authorized share capital of XXXXXXXXXX will include voting preferred shares, redeemable and retractable for an amount equal to the fair market value of the consideration for which these shares are issued. XXXXXXXXXX will subscribe for XXXXXXXXXX common shares of XXXXXXXXXX for an aggregate consideration of $XXXXXXXXXX will subscribe for XXXXXXXXXX common shares of XXXXXXXXXX for an aggregate consideration of $XXXXXXXXXX The class XXXXXXXXXX special shares of Amalco issued to Holdings as described in paragraph 9 above will be redeemed for their redemption amount of $XXXXXXXXXX per share. ... Following the completion of the transfer of the properties as described in paragraph 16 above, Sub A and Sub B will redeem the preferred shares issued to Amalco as consideration for the transfer of assets. ...
Ruling

2002 Ruling 2002-0136163 - 1103(2d) Election on 1102(14) Property

OT gave Pubco a $XXXXXXXXXX demand note (the "OT Note") as consideration. 21. ... Opco will receive share consideration in respect of each eligible property transferred to Sub1. 29. ... The agreed amount in respect of each eligible property will not be less than the non-share consideration received by Opco as consideration for that property. ...
Ruling

1998 Ruling 9733833 - 55(3)(A) RULING

The shares of E Co. were sold to an unrelated third party for fair market value cash consideration. ... As consideration for the transfer of property described herein, Newco will pay cash to Subco2. 10. ... As consideration for the transfer of the property as described herein, the Trust will pay cash to Subco3. ...
Ruling

2011 Ruling 2009-0335251R3 - Subsection 87(11) and paragraphs 88(1)(c) and (d)

On XXXXXXXXXX, XXXXXXXXXX [UKCo4] subscribed for additional shares of XXXXXXXXXX [UKCo3] for cash consideration of US$XXXXXXXXXX. 16. ... On XXXXXXXXXX, XXXXXXXXXX [USCo3] subscribed for XXXXXXXXXX common shares in XXXXXXXXXX [USCo6] for cash consideration of US$XXXXXXXXXX. ... At points between these two amounts, a pro-rata portion of the remaining unpaid contingent consideration is payable. ...
Ruling

2006 Ruling 2006-0209121R3 - Internal Reorganization - 55(3)(a)

The Redemption Amount of a Non-Voting Preference Share will be equal to the aggregate fair market value of the property received by the company in return for the issuance of such shares less any non-share consideration paid by the company for such property on their issuance, divided by the number of shares so issued. ... XXXXXXXXXX) of her Class D Shares of Investco to each of the Holdcos and as consideration therefor, each Holdco will issue an equal number of its Class D Preferred Shares to Parent having an aggregate FMV equal to the aggregate FMV of the Class D Shares of Investco transferred to that Holdco by Parent; (c) one-fifth of her remaining Class E Shares of Investco to each of the Holdcos and as consideration therefor, each Holdco will issue an equal number of its Class E Preferred Shares to Parent having an aggregate FMV equal to the aggregate FMV of the Class E Shares of Investco transferred to that Holdco by Parent. ... On a contemporaneous basis with the share transfers described in Paragraphs 17 and 18: (a) Trust1 will transfer its XXXXXXXXXX Common Shares of Investco to Holdco1 and as consideration therefor, Holdco1 will issue XXXXXXXXXX of its common shares to Trust1 having an aggregate FMV equal to the aggregate FMV of the XXXXXXXXXX Common Shares of Investco transferred to Holdco1 by Trust1; (b) Trust2 will transfer its XXXXXXXXXX Common Shares of Investco to Holdco2 and as consideration therefor, Holdco2 will issue XXXXXXXXXX of its common shares to Trust2 having an aggregate FMV equal to the aggregate FMV of the XXXXXXXXXX Common Shares of Investco transferred to Holdco2 by Trust 2; (c) Trust3 will transfer its XXXXXXXXXX Common Shares of Investco to Holdco3 and as consideration therefor, Holdco3 will issue XXXXXXXXXX of its common shares to Trust3 having an aggregate FMV equal to the aggregate FMV of the XXXXXXXXXX Common Shares of Investco transferred to Holdco3 by Trust 3; (d) Trust4 will transfer its XXXXXXXXXX Common Shares of Investco to Holdco4 and as consideration therefor, Holdco4 will issue XXXXXXXXXX of its common shares to Trust4 having an aggregate FMV equal to the aggregate FMV of the XXXXXXXXXX Common Shares of Investco transferred to Holdco4 by Trust 4; and (e) Trust5 will transfer its XXXXXXXXXX Common Shares of Investco to Holdco5 and as consideration therefor, Holdco5 will issue XXXXXXXXXX of its common shares to Trust5 having an aggregate FMV equal to the aggregate FMV of the XXXXXXXXXX Common Shares of Investco transferred to Holdco5 by Trust 5. ...
Ruling

2005 Ruling 2005-0149021R3 - XXXXXXXXXX - Internal Reorganization

Sibling A Holdco will issue: XXXXXXXXXX Class B Shares to Parent as consideration for the XXXXXXXXXX Investco Class B Shares transferred to Sibling A Holdco by Parent; and XXXXXXXXXX Class D Shares as consideration for the XXXXXXXXXX Investco Class D Shares transferred to Sibling A Holdco by Parent. ... Sibling B Holdco will issue: XXXXXXXXXX Class B Shares to Parent as consideration for the XXXXXXXXXX Investco Class B Shares transferred to Sibling B Holdco by Parent; and XXXXXXXXXX Class D Shares as consideration for the XXXXXXXXXX Investco Class D Shares transferred to Sibling B Holdco by Parent. ... As consideration therefor, Sibling C Holdco will issue XXXXXXXXXX of its Common Shares to Sibling C Family Trust. ...

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