Federal Tax Act definition

Federal Tax Act means the Income Tax Act (Canada), as amended;
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Federal Tax Act means the Income Tax Act, R.S. 1970-71-72, c. 63;
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Federal Tax Act means the Income Tax Act, R.S. 1970-71-72, c. 63; "real property taxation" shall mean all local government tax and taxes on real property but, for greater certainty, does not include any tax levied pursuant to the Tax Act, tax on goods and services, sales tax or tax on transfer of property;
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Examples of Federal Tax Act in a sentence

  • Under the Federal Tax Act, no income taxes are payable by the Fund on dividends received from Canadian corporations, and income taxes payable on capital gains will be fully refundable on a formula basis when shares of the Fund are redeemed or capital gains dividends are paid or deemed to be paid by the Fund to its shareholders.

  • The Federal Tax Act and the Ontario Act set minimum levels of qualifying venture investments for the Fund.

  • Therefore, it is suggested that assesses be permitted to carry forward (say for five years) such unutilized credit (in USA such relief is granted vide section 904(c ) of Federal Tax Act) for adjustment in future years.

  • However, a private corporation, or other corporation controlled by or for the benefit of an individual or related group of individuals, receiving portfolio dividends may be liable for a 33.33% refundable tax under Part IV of the Federal Tax Act on these dividends.

  • This policy is also prepared according to the Federal Tax Act of 1985 and North CarolinaG.S. 14-247, which establish procedures regarding reporting of income and withholding of taxes.

  • Contributions to RRSPs are deductible in accordance with the detailed provisions of the Federal Tax Act.

  • Expenses incurred in the course of issuing or selling the Shares pursuant to this Offering, including agents' fees, generally will be deductible in computing the income of the Issuer for purposes of the Federal Tax Act.

  • The Tax Credit will reduce BC income taxes otherwise payable even where minimum tax is payable under the Federal Tax Act.

  • The Federal Tax Act provides for an alternative minimum tax to be payable by an individual Investor if their minimum tax calculated as required exceeds their tax otherwise payable.

  • In administering the refund process, the refund may first apply to offset other amounts payable, including arrears under both the Federal Tax Act and the BC Tax Act.


More Definitions of Federal Tax Act

Federal Tax Act means the Income Tax Act (Canada), as amended from time to time.
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Federal Tax Act means the Federal Tax Act and the regulations thereunder, as amended from time to time.
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Federal Tax Act means the Income Tax Act (Canada), as amended; “Fund” means New Generation Biotech (Equity) Fund Inc.; “Genesys” means Genesys Capital Partners Inc.;
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Related to Federal Tax Act

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

  • Swiss Federal Tax Administration means the tax authorities referred to in article 34 of the Swiss Withholding Tax Act.

  • Canadian Tax Act means the Income Tax Act (Canada), as amended.

  • Federal Tax Certificate means the Issuer's Federal Tax Certificate dated as of the Issue Date, as the same may be amended or supplemented in accordance with the provisions thereof.

  • Applicable Tax State means, as of any date, (i) any State in which the Owner Trustee maintains the Corporate Trust Office, (ii) any State in which the Owner Trustee maintains its principal executive offices and (iii) any State in which the Servicer regularly conducts servicing and collection activities (other than purely ministerial activities) with respect to a material portion of the Receivables.

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Applicable Tax Law means any Applicable Law relating to Taxes, including regulations and other official pronouncements of any Governmental Entity or political subdivision of such jurisdiction charged with interpreting such Applicable Law.

  • Tax Act means the Income Tax Act (Canada).

  • Federal Bankruptcy Code means Title 11 of the United States Code entitled “Bankruptcy,” as amended and any successor statute thereto.

  • Australian Tax Act means the Income Tax Assessment Act 1936 (Cth) (Australia) or the Income Tax Assessment Act 1997 (Cth) (Australia), as applicable.

  • Excise Tax Act means the Excise Tax Act (Canada);

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Assumed State and Local Tax Rate means the tax rate equal to the sum of the products of (x) the Corporation’s income tax apportionment factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year and (y) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction in which the Corporation files income tax returns for each relevant Taxable Year.

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Federal Regulations means those federal regulations relating to cable television services, 47 C.F.R. Section 76.1 et seq. (and, to the extent applicable, any other federal rules and regulations relating to cable television, including but not limited to, those described in 47 C.F.R. Section 76.3), or as such regulations may be amended.

  • Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended.

  • Federal Power Act means the Federal Power Act, as amended, 16 U.S.C. §§ 791a, et seq.

  • Applicable Tax Rate means (a) 40% or (b) if, at the time of the relevant distribution described in Section 7.6(f) herein, the highest combined federal, state and local marginal rate applicable to corporate taxpayers residing in New York City, New York, taking into account the deductibility of state and local income taxes for federal income tax purposes shall exceed 40%, such higher rate.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • United States Tax Person A citizen or resident of the United States, a corporation, partnership or other entity created or organized in, or under the laws of, the United States, any State thereof or the District of Columbia, an estate whose income from sources without the United States is includible in gross income for United States federal income tax purposes regardless of its source or a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States Tax Persons have the authority to control all substantial decisions of the trust, all within the meaning of Section 7701(a)(30) of the Code (or, to the extent provided in the applicable Treasury Regulations, certain trusts in existence on August 20, 1996 that have elected to be treated as United States Tax Persons).

  • Swiss Withholding Tax Act means the Swiss Federal Act on Withholding Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time.

  • Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017;

  • Federal Aviation Act means subtitle VII of Title 49 of the United States Code, or any successor provision.