Search - convention

XXXXXXXXXX Parent is not resident in Canada and does not carry on business in Canada for purposes of the Act, Parent is incorporated under the laws of XXXXXXXXXX, and does not have a permanent establishment in Canada as defined under XXXXXXXXXX (the "Convention"). 2. ... XXXXXXXXXX subsidiary corporations of Parent ("Direct Parents"), which do not carry on business in Canada or have a permanent establishment in Canada as defined under XXXXXXXXXX the Convention, own all the outstanding common shares in Holdco. ...

Principal Issues: 1) Will a corporation incorporated under the laws of XXXXXXXXXX that holds almost all of its board meetings in XXXXXXXXXX be a resident in XXXXXXXXXX for purposes of the XXXXXXXXXX Tax Convention? 2) Will a corporation incorporated in XXXXXXXXXX that qualifies as an XXXXXXXXXX be a resident of XXXXXXXXXX for purposes of the XXXXXXXXXX Tax Convention? ...

Parentco does not have a permanent establishment in Canada for purposes of the Canada-Austria Income Tax Convention (1976) (the "Treaty"). 9. ... These entities do not carry on business in Canada, are not resident in Canada for purposes of the Act and have no permanent establishment in Canada within the meaning of the relevant tax convention. 11. ...

.), as amended as at the date hereof, and each reference to a Part, section, subsection, paragraph, subparagraph or clause is a reference to the specified provision of the Act; (b) "foreign affiliate" has the meaning set out in subsection 95(1); (c) "NRO" means "non-resident-owned investment corporation" as defined in subsection 133(8); (d) XXXXXXXXXX; (e) "PUC" means "paid-up capital" as defined in subsection 89(1); (f) "taxable Canadian corporation" has the meaning assigned in subsection 89(1); (g) "UK Treaty" means the Canada-United Kingdom Income Tax Convention; and, (h) "US Treaty" means the Canada-United States Income Tax Convention. ...

Les actionnaires d’Opérante sont soumis à une convention unanime d’actionnaires (une copie de cette convention était jointe à votre demande). ...

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.). ...

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. ...

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. ...