Canadian Income Tax Act definition

Canadian Income Tax Act means the Income Tax Act (Canada), R.S.C. 1985 C.1 (5th Supp), as amended.

Canadian Income Tax Act means the Income Tax Act (Canada), as amended from time to time.

Canadian Income Tax Act means the Income Tax Act (Canada), R.S.C. 1985 c.1 (5th Supp.).

Examples of Canadian Income Tax Act in a sentence

• The Company may also be subject to a Part XII.6 tax on flow-through proceeds renounced, in accordance with the Canadian Income Tax Act flow-through regulations.

• Pursuant to the Canadian Income Tax Act and the terms of the flow-through share agreements, these shares transfer the tax deductibility of qualifying resource expenditures to investors.

• Share capital includes flow-through shares which is a unique Canadian tax incentive pursuant to certain provisions of the Canadian Income Tax Act.

• Under the Canadian Income Tax Act, an enterprise may issue securities referred to as flow-through shares.

• Flow-through shares Under Canadian income tax legislation, the Company is permitted to issue shares whereby the Company agrees to incur qualifying expenditures (as defined under the Canadian Income Tax Act) and renounce the related income tax deductions to the investors.

• Participants in the plan can elect to contribute up to the lesser of (i) 50% of the RRSP contribution limit as established under the Canadian Income Tax Act or (ii) 9% of their annual base salary, and the Company will match this contribution.

• None of the Canadian Pension Plans contain or have ever contained a “defined benefit provision”, as that term is defined in subsection 147.1(1) of the Canadian Income Tax Act.

• Under the Canadian Income Tax Act, a company may issue securities referred to as flow-through shares whereby the investor may claim the tax deductions arising from the qualifying expenditure of the proceeds by the company.

• Under Canadian income tax legislation, the Company is permitted to issue shares whereby the Company agrees to incur qualifying expenditures (as defined under the Canadian Income Tax Act) and renounce the related income tax deductions to the investors.

• Under Canadian income tax legislation, corporations are permitted to issue shares whereby the corporation agrees to incur qualifying expenditures as defined under the Canadian Income Tax Act, and renounce the related income tax deductions to the investors.

More Definitions of Canadian Income Tax Act

Canadian Income Tax Act. Income Tax Act, Revised Statutes of Canada (1985).

Canadian Income Tax Act means the Canadian Income Tax Act, R.S.C. 1985, c. 1 (5th Suppl.) and any regulations or amendments thereto;

Canadian Income Tax Act means the Income Tax Act (Canada), R.S.C. 1985, c.1 (5th Supplement) as amended and the Income Tax Regulations. “Canadian Regulatory Approvals” has the meaning ascribed to the term “Regulatory Approvals” in the Debenture but, for purposes of this Agreement,

Canadian Income Tax Act means the Income Tax Act (Canada), as amended from time to time. “Canino” has the meaning set forth in the preamble.

Canadian Income Tax Act means the Income Tax Act (Canada), as amended fromtime to time.

Canadian Income Tax Act means the Income Tax Act, R.S.C. 1985, c.1 (5th Supplement) and the regulations thereunder. “Closing” shall have the meaning ascribed to such term in Section 2.04 hereof.