Canadian Development Expense definition
Canadian Development Expense or “CDE” means Canadian development expense as defined in subsection 66.2(5) of the Tax Act.
Canadian Development Expense or “CDE” means Canadian development expense described in paragraphs (a) or (b) of the definition of “Canadian development expense” in subsection 66.2(5) of the Act or that would be described in paragraph (f) of such definition if the words “paragraphs (a) to (e)” in that paragraph were read as “paragraphs (a) and (b)”, excluding amounts which are prescribed to constitute “Canadian exploration and development overhead expense” under the Act and the amount of any assistance described in paragraph 66(12.62)(a) or 66( 12.601)(c) of the Act;
Canadian Development Expense or “CDE” means an expense as described in the definition of “Canadian development expense” in subsection 66.2(5) of the Tax Act, other than amounts which are: (i) assistance described in paragraph 66(12.62)(a) of the Tax Act; (ii) prescribed to be Canadian exploration and development overhead expenses for purposes of paragraph 66(12.62)(b) of the Tax Act; (iii) specified expenses that are described in paragraph (e) of the definition of “Canadian development expense” in subsection 66.2(5) of the Tax Act or that are described in paragraph (f) of that definition because of the reference in the latter paragraph to paragraph (e); or (iv) any expenses for prepaid services or rent that do not qualify as outlays and expenses for the period as described in the definition of “expense” in subsection 66(15) of the Tax Act; (f) “CDE Shares” has the meaning ascribed to such term in the Agency Agreement; (g) “CEE Shares” has the meaning ascribed to such term in the Agency Agreement; (h) “Closing Date” means June 14, 2024 or such other date as the Company and the Agent may agree; (i) “Commitment Amount” means, in respect of each Subscriber, an amount equal to C$18.41 multiplied by the number of FT Shares subscribed for by the Subscriber hereunder; (j) “CRA” means the Canada Revenue Agency; (k) “December 2023 FTS Offering” means the issuance and sale of 1,115,000 shares of common stock of the Company that qualified as “flow-through shares” as defined in subsection 66(15) of the Tax Act with respect to Canadian Development Expenses, pursuant to the terms and conditions of applicable subscription and renunciation agreements dated December 14, 2023; (l) “First Tranche CDE Aggregate Commitment Amount” means the amount of C$4,100,000; (m) “First Tranche CDE Commitment Amount” means, in respect of each Subscriber, such Subscriber’s portion (determined pro rata by number of FT Shares subscribed for) of the First Tranche CDE Aggregate Commitment Amount, being an amount equal to the First Tranche CDE Aggregate Commitment Amount multiplied by a fraction, the numerator of which is the number of FT Shares subscribed for by the Subscriber hereunder and the denominator of which is 890,000; (n) “First Tranche CDE Expenditure Period” means the period commencing on the date of acceptance of this Subscription Agreement and ending on the earlier of: i. the date on which the First Tranche CDE Aggregate Commitment Amount has been fully expended in accordance with the terms hereof; and ii. the ...
Examples of Canadian Development Expense in a sentence
It is the intention of the parties that the elected amount will equal the aggregate of the amounts included in Cumulative Canadian Development Expense (“CCDE”) to date by the Vendor in respect of the Claims.
Vendor estimates that KEL Amalco and the Acquired Entities will have, on a combined basis, as of the Effective Date Canadian Oil and Gas Property Expense, Canadian Exploration Expense, Canadian Development Expense and undepreciated capital costs, in each case as defined in the Tax Act, (in this Clause 10.4, collectively the "Tax Pools"), totalling, in the aggregate, .
More Definitions of Canadian Development Expense
Canadian Development Expense means a “Canadian development expense” as defined in subsection 66.2(5) of the ITA, other than amounts which are:
i. assistance described in paragraph 66(12.62)(a) of the ITA;
ii. prescribed to be Canadian exploration and development overhead expenses for the purposes of paragraph 66(12.62)(b) of the ITA;
iii. any expense described in paragraph 66(12.62)(b.1);
iv. specified expenses that are described in paragraph (e) of the definition of “Canadian development expense” in subsection 66.2(5) of the ITA or that are described in paragraph (f) of that definition because of the reference in the latter paragraph to paragraph (e); or
v. any expense for prepaid services or rent that do not qualify as outlays and expenses for the period as described in the definition of "expense" in subsection 66(15) of the ITA;
Canadian Development Expense or "CDE" means expenses of the nature referred to in paragraphs
Canadian Development Expense or “CDE” means an expense as described in subsection 66.2(5) of the Tax Act, other than amounts which are: (i) assistance described in paragraph 66(12.62)(a) of the Tax Act; (ii) prescribed to be Canadian exploration and development overhead expenses for purposes of paragraph 66(12.62)(b) of the Tax Act; (iii) specified expenses that are described in paragraph (e) of the definition of "Canadian development expense" in subsection 66.2(5) of the Tax Act or that are described in paragraph (f) of that definition because of the reference in the latter paragraph to paragraph (e); or (iv) any expenses for prepaid services or rent that do not qualify as outlays and expenses for the period as described in the definition of "expense" in subsection 66(15) of the Tax Act;
Canadian Development Expense or “CDE” means expenses described in the definition of “Canadian development expense” in subsection 66.2(5) of the ITA, excluding amounts which are prescribed to constitute “Canadian exploration and development overhead expense” under the ITA, the amount of any assistance described in paragraph 66(12.62)(a) of the ITA and any expense described in paragraph 66(12.62)(b.1) of the ITA;