Search - contravene

Although the company has issued shares that contravene the provisions of the BC Act, there is no provision, to our knowledge, to nullify this exchange. ...

Advantages which remain in the plan are not considered to be granted to the annuitant and therefore do not contravene the provision. ...

7 December 1991 Income Tax Severed Letter- Teacher funded hold back leave plan Unedited CRA Tags none Dear Sirs: Re: Teacher-Funded Hold Back Leave Plan We are writing in reply to your letter of September 18, 1991, in which you ask whether it would contravene the Income Tax Act (the "Act") to permit an employee to defer 50% of his or her salary under a plan such as the one named above. ...

Advantages which remain in the plan are not considered to be granted to the annuitant and therefore do not contravene the provision. ...

Where a taxpayer's gain for a taxation year from the disposition of property is reduced by a reserve as described by subparagraph 40(1)(a)(iii), and the taxpayer contravenes subparagraph 40(1)(a) (ii) by failing to bring all or any portion of that reserve into the computation of gains for the immediately succeeding taxation year, computer logic is designed to deny assessment in that subsequent year until the taxpayer's omission from income is corrected. ...

The confidentiality of such information is protected by subsection 241(1) of the Income Tax Act and subsection 239(2.2) of the Income Tax Act provides that any person who contravenes subsection 241(1) is liable to a fine of $5000, imprisonment for 12 months, or both. ...

Advantages which remain in the plan are not considered to be granted to the annuitant and therefore do not contravene the provision. ...

Generally speaking, it is our view that where the benefit in question is extended to a trust governed by a registered retirement income fund ("RRIF"), the extension of the benefit to the RRIF trust will not contravene the condition for acceptance for registration in paragraph 146.3(2)(g) of the Act. ...

The confidentiality of such information is protected by subsection 241(1) of the Income Tax Act and subsection 239(2.2) of the Income Tax Act provides that any person who contraveners subsection 241(1) is liable to a fine of $5000, imprisonment for 12 months, or both. ...

Should a master trust contravene one of the conditions in paragraphs (a) to (e) of Regulation 5001 it would, presumably, cease to be an exempt corporation under paragraph 149(1)(o.4) of the Act. ...