Words and Phrases - "forgivable loan"

a
85
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
72
j
2
k
2
l
32
m
55
n
25
o
38
p
79
q
3
r
76
s
88
t
46
u
15
v
9
w
22
y
2

18 July 2006 Internal T.I. 2006-0184431I7 F - Prêt d'un gouvernement

Summary Under
Tax Topics - Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(x) - Subparagraph 12(1)(x)(iii)
ultimate obligation to repay all the amount advanced rendered a loan an unconditional loan rather than a forgivable loan

In finding that a participating loan to the taxpayer (Xco) was not a forgivable loan, the Directorate stated:

[T]he [Loan] Agreement states that...

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Words and Phrases
forgivable loan

PCI Géomatics Entreprises Inc. v. Agence du revenu du Québec, 2019 QCCQ 2688, rev'd 2020 QCCA 1342

Summary Under
Tax Topics - Income Tax Act - Section 127 - Subsection 127(9) - Government Assistance
McLarty applied to find that a loan which was repayable only out of increasing revenues was not a forgivable loan

In order to encourage the SR&ED activities of the plaintiff (“PCI”) in the field of geomatic solutions, the Federal Minister of Industry made...

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Words and Phrases
forgivable loan