Arm’s Length definition

Arm’s Length has the meaning ascribed thereto for the purposes of the Income Tax Act (Canada) in effect as of the Effective Date.
Arm’s Length has the meaning ascribed to such term for the purposes of the Income Tax Act (Canada);
Arm’s Length has the same meaning as that term is given in the Tax Act;

Examples of Arm’s Length in a sentence

  • Arm’s Length Bodies should have robust governance arrangements in place and in turn departments should give Arm’s Length Bodies the autonomy to deliver effectively.

  • Partnerships work well when departments and Arm’s Length Bodies share knowledge, skills and experience in order to enhance their impact and delivery.

  • Management information should be what is needed to enable departments and Arm’s Length Bodies to provide assurance and assess performance.

  • There needs to be absolute clarity about lines of accountability and responsibility between departments and Arm’s Length Bodies.

  • In exercising statutory functions Arm’s Length Bodies need to have clarity about how their purpose and objectives align with those of departments.


More Definitions of Arm’s Length

Arm’s Length shall have the same meaning as those words are defined in the Income Tax Act (Canada) from time to time;
Arm’s Length means terms that are fair and reasonable to the counterparty of a transaction and no more or less favourable to the other party to the relevant transaction as could reasonably be expected to be obtained in a comparable arm’s length transaction with a person that is not the ultimate holding company of such counterparty or an entity of which such counterparty or its ultimate holding company has direct or indirect control, or owns directly or indirectly more than 20% (twenty percent) of the share capital or similar rights of ownership;
Arm’s Length has the meaning set out in the ITA.
Arm’s Length has the meaning specified in the definition of “Non-Arm’s Length”.
Arm’s Length means, with respect to two or more Persons, that such Persons are not related to each other within the meaning of subsections 251(2), (3), (3.1), (3.2), (4), (5) and (6) of the ITA or any substantially equivalent successor provisions and that such Persons, as a matter of fact, deal with each other at a particular time at arm’s length.
Arm’s Length has the meaning ascribed thereto in the Tax Act.
Arm’s Length means arm's length as defined in the Tax Act.