Arm’s Length definition

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;
Arm’s Length has the meaning given to it under the Income Tax Act (Canada) as in effect on the Effective Date of this Agreement.

Examples of Arm’s Length in a sentence

  • The Consumer Council and DfE agree to work in partnership with each other in line with the NI Code of Good Practice ‘Partnerships between Departments and Arm’s Length Bodies’ and the arrangements set out in this Agreement.


More Definitions of Arm’s Length

Arm’s Length has the meaning ascribed thereto under the Income Tax Act (Canada) in effect as of the date hereof;
Arm’s Length has the meaning ascribed thereto in the Tax Act.
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 specified in the definition of “Non-Arm’s Length”.
Arm’s Length has the meaning set out in the ITA.
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 means arm's length as defined in the Tax Act.