Determination of Income for Tax Purposes and Loss for Tax Purposes. For purposes of determining the Income for Tax Purposes or Loss for Tax Purposes in respect of a Fiscal Period, the Partnership shall be able to claim, according to the General Partner’s decision in respect thereof, discretionary deductions in amounts which will diminish or eliminate the income of the Partnership or possibly will create a loss, as determined in accordance with the Tax Acts.
Appears in 4 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Dollarama Group Holdings CORP), Limited Partnership Agreement (Dollarama CORP)
Determination of Income for Tax Purposes and Loss for Tax Purposes. For purposes of determining the Income for Tax Purposes or Loss for Tax Purposes in respect of a Fiscal Period, the Partnership shall be able to claim, according to the General Partner’s decision in respect thereof, discretionary deductions in amounts which will diminish or eliminate the income of the Partnership or possibly will create a loss, as determined in accordance with the Tax Acts.
Appears in 1 contract
Samples: Limited Partnership Agreement (Coal Valley Resources Inc.)
