Search - contravene

In addition we note that depending upon the particular facts the issue of the preferred shares may contravene the condition (number 3) that the only transactions of the corporation relate to its objective of holding property for the personal use or enjoyment of the shareholder. ...

Paquette at (613) 954-2522 or to the following address: Coverage Policy and Legislation Section Source Deductions Division Revenue Canada Taxation 875 Heron Road Ottawa, Ontario K1A 0L8 If the Plan is adjusted to correct the aforementioned problems it is our opinion that it will not contravene the provisions in Regulation 8801. ...

Ruling C of the Ruling Letter was that "The terms of the Draft Agreement will not cause the Partnership to contravene the condition described in paragraph 5000(7)(d) of the definition of "qualified limited partnership" that the interests of the limited partners are described by reference to units of the partnership that are identical in all respects. ...

XXXX In our research, we failed to determine the existence of such a policy but did, in fact, note a number of Rulings Directorate opinion letters which would contravene such a rule. ...

Thus use of political donations in the manner described above would not only be inconsistent with the intent of the political contribution tax credit provisions of the Income Tax Act but could in some cases also contravene the NPO provisions of the Income Tax Act or certain provisions of the Canada Elections Act. ...

As you know, in determining income from business, a taxpayer may deduct any reasonable expense incurred for the purpose of earning such income that does not contravene the rules prohibiting deductions as set out in sections 18 and 19 of the Act or as permitted by section 20 of the Act. ...

This debit balance may be construed as a loan which would contravene subsections 146(4), 146(10) or 146(13) of the Act. ...

" It is your view that allowing the penalty in the present case would not contravene public policy. ...

We are of the views that our interpretation of Reg. 1205 (b) does not contravene the rule expressed by Willie J. in Philips v. ...

Subsection 55(2), however, does not require that a subsidiary that has income earned or realized in respect of the shareholder of the parent pay that amount as a dividend to the parent in order that a dividend paid by the parent not contravene the subsection. ...