Words and Phrases - "asset"

a
88
b
44
c
78
d
52
e
38
f
31
g
19
h
14
i
74
j
2
k
2
l
32
m
56
n
25
o
38
p
81
q
3
r
76
s
90
t
47
u
16
v
9
w
23
y
2

2 October 2000 External T.I. 2000-0015825 F - ACTIFS AUX FINS DE LA LOI

Summary Under
Tax Topics - Income Tax Act - Section 110.6 - Subsection 110.6(1) - Qualified Small Business Corporation Share - Paragraph (c)
a future income tax asset (including one not recognized on the balance sheet) must be taken into account for QSBCS and SBC purposes, but is not used in the business

CCRA indicated that, for the purposes of the “qualified small business corporation share” and “small business corporation” definitions, is...

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Words and Phrases
asset used

7 November 2001 External T.I. 2001-0103805 F - SENS D'ACTIFS

Summary Under
Tax Topics - Income Tax Act - Section 61.3 - Subsection 61.3(1) - Paragraph 61.3(1)(b)
future income tax asset under GAAP is an asset

A corporation in financial difficulty that no longer has any tangible property but has a balance of non-capital losses and undeducted scientific...

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Words and Phrases
asset

2 November 2023 APFF Roundtable Q. 3, 2023-0984441C6 F - Qualified small business corporation share - meaning of "all or substantially all" and "asset"

Summary Under
Tax Topics - Income Tax Act - Section 110.6 - Subsection 110.6(1) - Qualified Small Business Corporation Share - Paragraph (d)
a momentary right to discharge a dividend payable constitutes a non-active business asset for QSBCS purposes/ no rigid equating of "substantially all" with 90%

An individual holds the common shares of Holdco having an FMV of $1 million, and Holdco’s only asset is the common shares of Opco, also with an...

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Words and Phrases
asset substantially all