Canadian Development Expense definition

Canadian Development Expense or “CDE” means Canadian development expense as defined in subsection 66.2(5) of the Tax Act.
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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;
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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 ...
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Examples of Canadian Development Expense in a sentence

  • The amounts calculated in Area I above form part of your CCEE (Cumulative Canadian Exploration Expense) and CCDE (Cumulative Canadian Development Expense) pools, as the case may be.

  • Following the conversion of these Subscription Receipts, 635,642 Canadian Exploration Expense (“CEE”) flow-through common shares of InPlay were issued and 866,762 Canadian Development Expense (“CDE”) flow-through common shares of InPlay were issued.

  • The amounts calculated in Area I above form part of your CCEE (Cumulative Canadian Exploration Expense) and CCDE (Cumulative Canadian Development Expense) pool, as the case may be.

  • Mining Sector Incentives‌A non-exhaustive list of tax incentives and provisions to be examined includes Capital Cost Allowances (CCA) and Accelerated Capital Cost Allowances (ACCA), Canadian Exploration Expenses (CEE), Canadian Development Expense Claims (CDE), the Mineral Exploration Tax Credit (METC), and flow-through shares (FTS) investments.

  • If Mr. A's CCOGPE pool is negative in respect of a taxation year, the excess is deducted from his Cumulative Canadian Development Expense ("CCDE") pool under variable L.

  • The Company issued 2,743,000 flow‐through shares at a price of$0.21 per share, which were issued on a Canadian Development Expense flow‐ through basis pursuant to the provisions of the Income Tax Act (Canada), and 2,449,500 common shares of Hemisphere at a price of $0.19 per share, for gross proceeds to the Company of $1,041,435.

  • Flow through shares: Allows the rights to income tax deductions for new expenditures on exploration and development by the company to be passed on to investors when income is not available to take advantage of the Canadian Exploration Expense, Canadian Development Expense and Canadian Oil and Gas Property Expense.

  • Following this offering, the Company has spent the required CEE expenditures by December 31, 2018.During the year ended December 31, 2017, 3,173,050 Canadian Exploration Expense (“CEE”) flow- through common shares of InPlay and 2,660,000 Canadian Development Expense (“CDE”) flow-through common shares of InPlay were issued.

  • The Canadian Exploration Expense and the Canadian Development Expense allow companies to write off 100 percent of their pre- development and 30 percent of their development expenses in the first year.

  • During the second quarter of 2019, the Company completed a Canadian Development Expense ("CDE") and Canadian Exploration Expense ("CEE") flow-through financing.


More Definitions of Canadian Development Expense

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;
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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;
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Canadian Development Expense or "CDE" means expenses of the nature referred to in paragraphs
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Related to Canadian Development Expense

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Independent expenditure means an expenditure by a person:

  • foreign expenditures means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower;

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Management Expenses means the Management Expenses more particularly described in Clause 10.1;

  • Qualified Project Costs means Project Costs that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general Federal income tax principles and in accordance with United States Treasury Regulations §1.103-8(a)(1), provided, however, that only such portion of interest accrued during rehabilitation of the Projects shall be eligible to be a Qualified Project Cost as is so capitalizable and as bears the same ratio to all such interest as the Qualified Project Costs bear to all Project Costs; and provided further that interest accruing after the date of completion of the rehabilitation of the Projects shall not be a Qualified Project Cost; and provided still further that if any portion of any of the Projects is being rehabilitated by an Affiliated Party (whether as a general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out-of-pocket costs incurred by such Affiliated Party in rehabilitating the Projects (or any portion thereof), (B) any reasonable fees for supervisory services actually rendered by the Affiliated Party, and (C) any overhead expenses incurred by the Affiliated Party which are directly attributable to the work performed on the Projects, and shall not include, for example, intercompany profits resulting from members of an affiliated group (within the meaning of Section 1504 of the Code) participating in the rehabilitation of the Projects or payments received by such Affiliated Party due to early completion of the rehabilitation of the Projects; (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to the Inducement Date or the Closing Date, and (iv) if the Project Costs were previously paid and are to be reimbursed with proceeds of the Loan or the Bonds, such costs were (A) costs of issuance of the Issuer Note, (B) preliminary capital expenditures (within the meaning of United States Treasury Regulations §1.139-2(f)(2)) with respect to the Projects (such as architectural, engineering and soil testing services) incurred before commencement of the rehabilitation of the Projects that do not exceed twenty percent (20%) of the issue price of the Bonds (as defined in United States Treasury Regulations §1.148-1), or (C) were capital expenditures with respect to the Projects that are reimbursed no later than eighteen