Words and Phrases - "sale price"
23 March 2011 Internal T.I. 2010-0389081I7 F - Disposition of a resource property
proceeds included full (undiscounted) deferred cash proceeds, but might exclude share consideration (with volatile market price) until issued
The Vendor sold a percentage interest in mineral claims (the “Mining Properties”) for consideration including deferred cash payments and...
Words and Phrases
sale priceLocations of other summaries | Wordcount | |
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Tax Topics - Income Tax Act - Section 66.2 - Subsection 66.2(5) - cumulative Canadian development expense - Element F | proceeds from mineral claims sale included undiscounted deferred cash proceeds, but might exclude share consideration until issued; purchaser’s CEE obligation excluded | 390 |
Tax Topics - Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(g) | deferred share consideration potentially not recognized until issuance | 103 |
Tax Topics - Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(b) | full undiscounted amount of future cash consideration to be included as an amount receivable | 209 |