Common use of ADVANTAGE EXTENDED Clause in Contracts

ADVANTAGE EXTENDED. If an advantage (as defined under the Act) in relation to a TFSA is extended to the Account Holder or to a person who does not deal at arm’s length with the Account Holder, it is the responsibility of the Account Holder to file a TFSA Return (Form RC243) and pay the tax under Part XI.01 of the Act; except that if the advantage is extended by the Trustee (or by the Agent, acting as the agent of the Trustee) or by a person with whom the Trustee is not dealing at arm’s length, it is the responsibility of the Trustee to file an Advantage Tax Return For TFSA Issuers (Form RC298)and any other form required under the Act and pay the applicable tax under Part XI.01 of the Act.

ADVANTAGE EXTENDED. If an advantage (as defined under the Act) in relation to a TFSA is extended to the Account Holder or to a person who does not deal at arm’s length with the Account Holder, it is the responsibility of the Account Holder to file a TFSA Return (Form RC243) and pay the tax under Part XI.01 of the Act; except that if the advantage is extended by the Trustee (or by the Agent, acting as the agent of the Trustee) or by a person with whom the Trustee is not dealing at arm’s length, it is the responsibility of the Trustee to file an Advantage Tax Return For TFSA Issuers (Form RC298)and RC298) and any other form required under the Act and pay the applicable tax under Part XI.01 of the Act.

ADVANTAGE EXTENDED. If an advantage (as defined under the Act) in relation to a TFSA is extended to the Account Holder Accountholder or to a person who does not deal at arm’s length with the Account HolderAccountholder, it is the responsibility of the Account Holder Accountholder to file a TFSA Return (Form RC243) an income tax return and pay the tax under Part XI.01 of the Act; except that if the advantage is extended by the Trustee (or by the AgentAgents, acting as the agent agents of the Trustee) or by a person with whom the Trustee is not dealing at arm’s length, it is the responsibility of the Trustee to file an Advantage Tax Return For TFSA Issuers (Form RC298)and any other form required under the Act income tax return and pay the applicable tax under Part XI.01 of the Act.