Canadian ITA definition

Canadian ITA means the Income Tax Act (Canada) as amended.
Sample 1Sample 2Sample 3
Canadian ITA means the Income Tax Act (Canada) and the regulations thereunder, as amended
Sample 1Sample 2
Canadian ITA means the Income Tax Act (Canada) as amended. Toyota – Five Year Credit Agreement (2017)
Sample 1

Examples of Canadian ITA in a sentence

  • The Canadian Sub-Agent is not a non-resident of Canada for purposes of Part XIII of the Canadian ITA and, as such, it and not the Administrative Agent has been designated under this Agreement to carry out certain duties of the Administrative Agent in respect of TCCI.

  • The Canadian Sub-Agent is not a non-resident of Canada for purposes of Part XIII of the Canadian ITA and, as such, it and not the Administrative Toyota - 364 Day Credit Agreement Agent has been designated under this Agreement to carry out certain duties of the Administrative Agent in respect of TCCI.

  • Parent agrees to enter into an election under Section 85 of the Income Tax Act, Canada ("CANADIAN ITA") whereby it would jointly file a Form T2057 or T2058 with any of the Company's shareholders resident in Canada for purposes of the Canadian ITA that so desire at an amount as determined by the particular shareholder, subject to the limitations set out in the Canadian ITA.

  • For avoidance of doubt, such Taxes shall not include any withholding Taxes imposed on Buyer including but not limited to (i) the Malaysian Real Property Gains Tax Xxx 0000 and (iii) Section 116 of the Canadian ITA.

  • The Buyer acknowledges that in connection with the Canadian Pre-Closing Reorganization, Canada Newco will agree with Xxxxxx Canada to make and file joint elections pursuant to the provisions of (i) section 22, subsection 20(24) and section 85 of the Canadian ITA, and the corresponding provisions of any applicable provincial tax statute, in respect of the Canadian Pre-Closing Reorganization and (ii) if applicable, section 167 of the Excise Tax Act (Canada).

  • For the avoidance of doubt, the Company may, in its sole discretion, include in Canada Newco’s Canadian federal income tax return for its Tax period ending as a result of the sale of the Shares of Canada Newco hereunder, an election pursuant to subsection 256(9) of the Canadian ITA in respect of such taxation year.

  • No Tax is required to be withheld pursuant to Section 116 of the Canadian ITA (as defined herein) or the Laws of any Canadian province or local jurisdiction or any other foreign jurisdictions as a result of the transfer contemplated by this Agreement.


More Definitions of Canadian ITA

Canadian ITA is defined in Section 2.13(g).
Sample 1

Related to Canadian ITA

  • Canadian Loan Party means any Loan Party incorporated or otherwise organized under the laws of Canada or any province or territory thereof.

  • Canadian Loan means an extension of credit by a Canadian Lender to the Canadian Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Canadian means one of the following: (a) a company or association incorporated or organized under the laws of Canada, or its designated representative(s) irrespective of nationality; (b) an agency of a federal, provincial, or local government in Canada, or its designated representative(s) irrespective of nationality; or (c) a self-representing individual who is a Canadian citizen residing in Canada.

  • Canadian Loan Parties means Borrower and the Canadian Guarantors.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Canadian Borrower as defined in the preamble hereto.

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

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

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • Canadian Lenders means the financial institutions listed on the signature pages of the Canadian Credit Agreement and their respective successors and assigns.

  • Canadian Lender means any Lender that (a) is a Canadian chartered bank lending and receiving payment through Canadian offices and (b) has a Canadian Commitment.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Canadian Pension Plan means any Canadian Employee Benefit Plan, other than a Canadian Multiemployer Plan, which is registered in accordance with the ITA or other Applicable Law and which (a) is maintained for the employees of the Borrower or any of its Subsidiaries or (b) has at any time within the preceding six (6) years been maintained for the employees of the Borrower or any of its Subsidiaries which the Borrower or any of its Subsidiaries sponsors, maintains, or to which it makes, is making or is obligated to make, contributions, and shall not include any Pension Plan.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • Domestic Loan Parties means the Domestic Guarantors.