Short-Term Preferred Share

Where a corporation proceeds with a substantial issuer bid at a price that is at a premium over the previous trading price of its shares on a...

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Locations of other summaries		Wordcount
Tax Topics - General Concepts - Fair Market Value - Shares		118

"Generally, where a shareholder is entitled to have a share redeemed in the event of a sale or merger at any time of the underlying corporation,...

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A share is considered to be "convertible" or "exchangeable" for purposes of paragraph (b) where either the holder or the issuing corporation has...

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An ESOP or an EVCP must require that the corporation redeem a shareholder's shares in certain circumstances for an amount determined in accordance...

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Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e)		43
Tax Topics - Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a)		50

Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Dividend Rental Agreement		0
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Taxable Preferred Share		0

Paragraph (a)

A Canadian public corporation (the “Corporation") purchased for cancellation common shares that were tendered to it under an issuer bid under...

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Locations of other summaries		Wordcount
Tax Topics - General Concepts - Fair Market Value - Shares	purchase price established under modified Dutch auction represented the tendered shares’ FMV	74