Search - convention

In general, the CRA applies the principles outlined in paragraphs 12 to 12.15 of the Commentary on Article 15 [Income from Employment] of the OECD Model Tax Convention on Income and on Capital when allocating cross-border employee stock options, unless the provisions of a bilateral income tax treaty provide otherwise (footnote 4). ... A RSU typically has intrinsic value at the date of grant equal to the value of the underlying share at that date. 2 Unless otherwise stated, all legislative references in this document are to the Income Tax Act (the “Act”). 3 The guidance may also be applied to source benefits from deferred share units (i.e., an RSU that is structured to conform with the requirements of paragraph 6801(d) of the Income Tax Regulations) and share appreciation rights. 4 For example, the Canada-United States Income Tax Convention contains specific provisions governing the allocation of employee stock option benefits. ...

DEFINITIONS XXXXXXXXXX; “Affiliated persons” has the meaning assigned by subsection 251.1(1) read without reference to the definition of “controlled” in subsection 251.1(3); “Agreeing Province” means a province that has entered into an agreement with the Government of Canada under which the Government of Canada will collect taxes payable under the income tax statute of that province and will make payments to that province in respect of the taxes so collected; “Amalco” means the corporation to be formed on the amalgamation of Canco1 and USco1 as described in Paragraph 15; “Canco1” means XXXXXXXXXX; XXXXXXXXXX; “Combined Canadian Businesses” has the meaning assigned in Paragraph 15; “CRA” means the Canada Revenue Agency; “foreign affiliate” has the meaning assigned in subsection 95(1); “Foreignco1” means XXXXXXXXXX; “Foreignco2” means XXXXXXXXXX; “General Anti-avoidance Provision of an Agreeing Province” means: (i) XXXXXXXXXX (ii) XXXXXXXXXX "NCLs" means non-capital losses as such term is defined in subsections 111(8) and (9); "Paragraph" means a numbered paragraph in this letter; "private corporation" has the meaning assigned by subsection 89(1); “Profitco Business” has the meaning assigned in Paragraph 2; “Proposed Transactions" are the transactions described under the section entitled "Proposed Transactions"; “Related persons” has the meaning assigned by subsection 251(2); "taxable Canadian corporation" has the meaning assigned by subsection 89(1); “taxable Canadian property” has the meaning assigned by subsection 248(1); “Treaty” means the Canada-United States Tax Convention (1980), as amended; “ULC” means an unlimited liability company; “US” means the United States of America; “USco1” means XXXXXXXXXX; “USco1 Business” has the meaning assigned in Paragraph 4; “USco1 Canadian Branch” has the meaning assigned in Paragraph 4; "USco1 NCLs" means the non-capital losses that were generated by the USco1 Business; “UScorp2” means XXXXXXXXXX; and “US Parent” means XXXXXXXXXX Our understanding of the facts, Proposed Transactions and the purpose of the Proposed Transactions is as follows: FACTS 1. ... For greater certainty, the CRA has not, in the context of issuing this letter, considered, confirmed or made any determination in respect of: (a) the country of residence of Foreignco1, Foreignco2, US Parent, USco1 or UScorp2 for purposes of the Act or a particular income tax convention which has entered into force between Canada and another country; (b) the application or interpretation of any foreign law or foreign tax considerations, including whether the continuance USco1 to XXXXXXXXXX and to an XXXXXXXXXX ULC under the XXXXXXXXXX would result in any gain or income for foreign tax purposes; (c) the PUC of any share, or the ACB or FMV of any property referred to herein; (d) any other tax account of any corporation referred to herein; (e) the characterization of any share or other property as taxable Canadian property; or (f) any other tax consequence relating to the facts, Proposed Transactions or any transaction or event taking place either prior to the Proposed Transactions or subsequent to the Proposed Transactions, whether described in this letter or not, other than those specifically described in the rulings given above. ...

Income Tax Convention. If you have specific queries on any other tax treaty, we would be pleased to consider them. ... In connection with the above payments, we note that Article XVIII of the Canada-United States Income Tax Convention deals with pensions and defines "pension" to include amounts paid under a sickness, accident or disability insurance plan (Such a plan would generally include a wage loss replacement plan.). ...

Permanent Establishment It is essentially a question of fact, having regard to the definition in the applicable income tax convention or, if there is no applicable convention, Regulation 400(2), as to whether a corporation has a permanent establishment in respect of its international shipping business in the country in which it is resident. ...

Income Tax Convention. If you have specific queries on any other tax treaty, we would be pleased to consider them. ... In connection with the above payments, we note that Article XVIII of the Canada-United States Income Tax Convention deals with pension and defines "pension" to include amounts paid under a sickness, accident or disability insurance plan (Such a plan would generally include a wage loss replacement plan.). ...

Permanent Establishment It is essentially a question of fact, having regard to the definition in the applicable income tax convention or, if there is no applicable convention, Regulation 400(2), as to whether a corporation has a permanent establishment in respect of its international shipping business in the country in which it is resident. ...

Aucune convention entre actionnaires n’existait entre les Actionnaires. 5. ... Aucune convention entre membres n’a été conclue entre eux. BUTS DES OPÉRATIONS CONSIDÉRÉES 22. ...

Ce serait le cas, par exemple, dans le cadre du financement d’une convention d’actionnaires avec des polices permanentes afin d’éviter les conséquences fiscales d’un éventuel transfert de propriété de la police, ou encore éviter une répartition inéquitable de la prime. ... Afin de financer la convention de rachat des parts au décès d’un actionnaire ultime, chaque GESCO a souscrit à une assurance sur la vie de son actionnaire unique. ...

Aucune obligation, droit ou garantie visés au paragraphe 112(2.4) de la LIR ni aucune garantie, accord ou convention décrits au paragraphe 112(2.2) de la LIR n’existe ou n’existera aux fins des opérations projetées à l’égard de ces actions. ... Les modalités de cette garantie ou de ce dépôt seront énoncées dans la convention de fiducie ci-dessus mentionnée. Les termes de la convention prévoiront notamment que, malgré le dépôt en garantie ou le simple dépôt des XXXXXXXXXX actions ordinaires d’Acheteur, tous les droits afférents à ces actions (votes, dividendes, etc.) demeureront la propriété absolue de Holdco. ...

Vous nous avez envoyé une copie de la convention de fiducie à titre onéreux qui a été constituée afin de garantir les obligations de OPCO concernant le prêt de XXXXXXXXXX $ effectué par M. ... Les termes des XXXXXXXXXX autres conventions de fiducie à titre onéreux sont essentiellement les mêmes que la convention de fiducie à titre onéreux qui a été constituée afin de garantir les obligations de OPCO concernant le prêt par M. ... Pour plus de certitude, la JVM totale des billets à payer garantis par les placements en fiducie sera attribuée aux droits de OPCO prévus en vertu des conventions de fiducies à titre onéreux. ...