Capital Taxes means the amount determined by multiplying each of the “Applicable Rates” by the “Project Capital” and totalling the products. “Project Capital” is the amount of capital which Landlord determines, without duplication, is invested from time to time by Landlord, the owners or all of them, in doing all or any of the following: acquiring, developing, expanding, redeveloping and improving the Project. Project Capital will not be increased by any financing or refinancing (except to the extent that the proceeds are invested directly as Project Capital). An “Applicable Rate” is the capital tax rate specified from time to time under any statute of Canada and any statute of the Province which imposes a tax in respect of the capital of corporations. Each Applicable Rate will be considered to be the rate that would apply if none of Landlord or owners employed capital outside of the Province in which the Project is situate.
Capital Taxes means capital taxes payable by Landlord in respect of its ownership or other interest in the Premises, namely any tax or taxes payable under any provincial or federal legislation based upon or computed by reference to the paid-up capital or place of business of Landlord as determined for the purposes of such tax or based upon or computed by reference to the taxable capital employed in Canada, or any similar tax levied, imposed or assessed in the future in lieu thereof or in addition thereto by any governmental authority, including large corporation’s taxes.
Capital Taxes means any tax or taxes, including any interest and penalties thereon, Charged upon the Landlord under Part I.3 of the Income Tax Act (Canada) (Tax on Large Corporations), or any similar or successor statute, based upon or computed by reference to the actual or deemed capital, taxable capital, taxable capital employed in Canada, paid-up capital, taxable paid-up capital, taxable paid-up capital employed in Canada, capital stock, members’ contributions, retained earnings, contributed capital or other surplus, reserves, indebtedness or other similar amounts, as such amounts may be determined for purposes thereof, as well as any tax or levy Charged by any Governmental Authority that is similar to, in lieu of, in substitution for any such tax or taxes.
Examples of Capital Taxes in a sentence
This unit does not originate accounting entries except for limited matters such as Share Capital, Taxes, and Transfers to Reserves.
Capital Taxes Real taxes consist of vehicle, real estate, mining and hydrocarbon concession areas taxes and are payable to the tax authority of the province where the owner of mining rights carries out its mining activities.
To Overcome the Scarcity of Capital, Taxes are regarded as effective means to Control Inflation4.
Under the ACE system, conceived by Boadway and Bruce (1984) but given hands and feet by the IFS Capital Taxes Group (1991), an allowance for corporate equity, equal to the risk-free rate of interest (Bond and Devereux, 1995), in computing taxable profits would be provided.
When duty is paid late, the late payment, including the appropriate penalties, should be paid by EFT direct to Revenue, AIB Capital Taxes Account.
More Definitions of Capital Taxes
Capital Taxes means an amount of the tax imposed by the federal and provincial tax authorities upon landlord, or the owner(s) of the Building, (and if the owner or one of the owners is a partnership, upon the partners of such partnership), which is measured by or based in whole or in part upon the capital, surplus, reserves or indebtedness of such landlord, owner(s) or partner(s), and including without limitation any taxes on large corporations.
Capital Taxes means any federal, provincial or local capital taxes calculated by reference either directly or indirectly to the assets, liabilities, or working capital of the Partnership, together with any interest, penalties or additions to such taxes and including, for greater certainty, all payments to the Province of Ontario in lieu of any of the foregoing and grants to communities or municipalities in lieu of any of the foregoing.
Capital Taxes means the amount allocated by the Landlord from time to time to the Land and the Building, of all taxes levied by the British Columbia Provincial Government or the Federal Government of Canada and payable by the Landlord which are based upon or computed by reference to the capital or place of business of the Landlord;
Capital Taxes means in any Lease Year the aggregate of any and all taxes, rates, levies, duties, excises and assessments which may now or hereafter be levied, imposed, rated or assessed by the Government of Canada, the Government of the Province or any other governmental authority whatsoever, and which are levied against or payable by the Landlord or the owner of the Land in respect of that Lease Year and which are, directly or indirectly, calculated or payable with respect to or as a result of any one or more of the following:
Capital Taxes means the amount determined by multiplying each of the “Applicable Rates” by the Capital and totalling the products. “Capital” is the amount of capital which Landlord determines, without duplication, is invested from time to time by Landlord, the owner(s) of the Building and the Land, any company related to Landlord or the owner(s) within the meaning of the Income Tax Act (Canada), or all of them, in doing all or any of the following: acquiring, developing, expanding, redeveloping and improving the Building and the Land. Capital will not be increased by any financing or re-financing except to the extent that the proceeds are invested in doing all or any of the foregoing. “Applicable Rate” is the capital tax rate specified from time to time under any law which imposes a tax in respect of the capital of corporations and for greater certainty includes Large Corporations Tax levied under the Income Tax Act (Canada) as amended from time to time. Each Applicable Rate will be considered to be the rate that would apply if each of Landlord, the owner(s) of the Building and the Land and the related companies referred to above were taxable corporations that employed no capital outside the Province in which the Land is located.
Capital Taxes means the amount of any tax or income tax imposed on the LESSOR or the owner of the building by federal or provincial tax authorities that is based or calculated, in whole or in part, on the capital or indebtedness of the LESSOR or of said owner, including, but without limiting the generality of the foregoing, any income tax on large corporations, and that is reasonably attributed to this building by the LESSOR or such owner. If the taxation system currently in force is modified and a new tax, surtax, charge, assessment or income tax is levied with regard to the land or the building or on income derived from them or on the owner of the building and the land to replace those taxes that are currently levied on the immovables or in addition thereto, such taxes, surtaxes, charges, assessments and income taxes shall be deemed to be property taxes under the terms of this agreement and shall be governed, mutatis mutandis, by the terms of this agreement. Property taxes also include all expenses incurred by the LESSOR to contest them or negotiate with the relevant authorities;
Capital Taxes means any taxes levied against a BOPC Group Member by any Governmental Authority having jurisdiction, including, without limiting the generality of the foregoing, the Large Corporations Tax imposed under the Income Tax Act (Canada) and tax imposed under the Corporations Tax Act (Ontario) or similar provincial legislation affecting any Property if located outside of Ontario, based upon or computed by reference to the paid-up capital or place of business of such BOPC Group Member, or the taxable capital employed by it in Canada as determined for the purpose of such tax or taxes;