Words and Phrases - "distribute"
8 October 2010 Roundtable, 2010-0373611C6 F - Certificat avant distribution
repayment of note to unsecured creditor was a distribution
A trust, whose sole trustee is a corporation, acquired, as its only asset, a property valued at $50 million (the "Property") in consideration for...
Words and Phrases
distribute| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 159 - Subsection 159(3) | directors of corporate trustee generally are generally not liable under s. 159(3) | 151 |
Tory Estate v. M.N.R., 73 DTC 5354, [1973] CTC 434 (FCA), briefly aff'd 76 DTC 6312, [1976] CTC 415 (SCC)
The word "distributed" was held not to include a sale of accounts receivable for valuable consideration.
Words and Phrases
distribute| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 70 - Subsection 70(3) | 130 | |
| Tax Topics - Statutory Interpretation - Noscitur a Sociis | 28 |
McKenzie v. The Queen, 2011 DTC 1216 [at at 1274], 2011 TCC 289
The testator of a testamentary trust holding shares of a company provided that an executive employee of the company had an entitlement to the...
Words and Phrases
distribute| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - General Concepts - Payment & Receipt | payment through back-to-back promissory notes | 228 |
Chan v. The Queen, 2001 DTC 5570, 2001 FCA 302
damages from trustees not distributed out of trust assets
A taxpayer, who was the beneficiary of a trust established by his father and mother who were the trustees, received approximately $1.8 million in...
Words and Phrases
distribute