Net Realized Capital Gains definition

Net Realized Capital Gains means, for any period, the amount, if any, by which the amount of the capital gains for Artis for the period exceeds the amount of any capital losses of Artis for the period determined in accordance with the Tax Act;

Net Realized Capital Gains has the meaning ascribed thereto in subsection 4.2(b) hereof;

Net Realized Capital Gains of the Trust for any taxation year of the Trust shall be determined as the amount, if any, by which the aggregate of the capital gains of the Trust in the taxation year exceeds: (i) the aggregate of the capital losses of the Trust in the taxation year; and (ii) the amount determined by the Manager in respect of any unapplied net capital losses for prior taxation years which the Trust is permitted by the Tax Act to deduct in computing the taxable income of the Trust for the applicable taxation year and provided that, in the sole discretion of the Manager, the Net Realized Capital Gains of the Trust for a taxation year may be calculated without subtracting the full amount of the net capital losses of the Trust carried forward from previous taxation years.

Examples of Net Realized Capital Gains in a sentence

• Distributions of Net Income and Net Realized Capital Gains shall, to the extent not inconsistent with the orderly realization of the assets of the Trust, continue to be made in accordance with this Trust Agreement until the Trust has been wound up.

• The County agrees to provide written notice to the City via email and U.S. mail, of requests for City facilities or services within one working day of receipt of the request from a production company for such service.

• As at the Valuation Time on the last Valuation Date in each Fiscal Year or such other date as the Manager may, in its sole discretion, determine (a “Distribution Date”), the Manager shall, in the manner hereinafter provided, determine the amount of the Net Income and the Net Realized Capital Gains of the Trust for the period since the immediately preceding Distribution Date (or in the case of the first Distribution Date, from the inception date of the Trust).

• For greater certainty, it is hereby declared that any distribution of Net Realized Capital Gains shall include the non-taxable portion of the capital gains of the Trust which are encompassed in such distribution.

• The Manager acknowledges and agrees with the Trustee that the Manager reserves and retains the power and authority to value the assets of the Funds either directly or through an agent appointed by the Manager, including the determination of the Series Net Asset Value of the Fund, Series Net Asset Value per Unit and the computation of Net Income and Net Realized Capital Gains for distribution purposes for each of the Funds in accordance with Applicable Laws.

More Definitions of Net Realized Capital Gains

Net Realized Capital Gains means for any taxation year the amount, if any, by which the aggregate of the capital gains of the Trust realized in such taxation year, calculated in accordance with the provisions of the Tax Act (but without reference to subsection 104(6) thereof), exceeds the aggregate of (i) the aggregate of the capital losses of the Trust realized for such taxation year, calculated in accordance with the provisions of the Tax Act; and (ii) each amount determined by the Trustees in respect of any net capital loss of the Trust for a prior taxation year that the Trust is permitted by the Tax Act to deduct in computing the taxable income of the Trust for such taxation year.

Net Realized Capital Gains for any Taxation Year means the amount, if any, by which the amount of the realized capital gains of the Trust for the year exceeds the aggregate of (i) any capital gains realized by the Trust in the year (including any capital gains realized by the Trust in the year on the redemption of Trust Units in specie) and designated by the Trust as payable to the redeeming Unitholders pursuant to section 6.5, (ii) the amount of any realized capital losses of the Trust for the year determined in accordance with the Tax Act; (iii) the amount determined by the Trustees in respect of any net capital losses of the Trust carried forward from a previous year to the extent not previously deducted from realized capital gains of the Trust determined in accordance with the Tax Act, (iv) the amount determined by the Trustees of “non-capital losses” of the Trust for the year or carried forward from a previous year to the extent not previously deducted from income or realized capital gains of the Trust determined in accordance with the Tax Act, and (v) the amount in respect of which the Trust is entitled to a capital gains refund under the Tax Act, as determined by the Trustees; provided that at the discretion of the Trustees, the net realized capital gains of the Trust for a year may be calculated without subtracting the full amount of any realized capital losses of the Trust for the year and/or without subtracting the full amount in respect of any net capital losses of the Trust carried forward from prior years and/or without subtracting the full amount of non-capital losses for the year or carried forward from prior year and/or without considering the Trust’s entitlement to a capital gains refund.

Net Realized Capital Gains means, in relation to a particular Brompton ETF, the amount for any taxation year, if any, by which the capital gains realized by a Brompton ETF in the taxation year exceed the aggregate of:

Net Realized Capital Gains of the Trust means, for any Taxation Year, the amount by which the “taxable capital gains” (as defined in the Tax Act) of the Trust realized in the year exceed (i) the “allowable capital losses” (as defined in the Tax Act) of the Trust realized in the year, (ii) the unapplied “net capital losses” (as defined in the Tax Act) of the Trust for preceding years of the Trust to the extent that they may be applied against taxable capital gains of the Trust for the particular year pursuant to the Tax Act, and (iii) any Trust Loss of the Trust for the year and, if the Manager so determines, any unapplied “non-capital losses” (as defined in the Tax Act) of the Trust for preceding years of the Trust to the extent they may be applied against income of the Trust for purposes of computing “taxable income” of the Trust for the particular year pursuant to the Tax Act, in each case multiplied by the reciprocal of the applicable fraction in paragraph 38(a) of the Tax Act. For these purposes, amounts referred to in this definition shall be computed in accordance with the provisions of the Tax Act;

Net Realized Capital Gains means, for any taxation year, the amount, if any, by which the aggregate of the capital gains of the Trust realized in such year exceeds the sum of:

Net Realized Capital Gains means the total of all capital gains realized by the Fund less the total of all capital losses realized by the Fund;

Net Realized Capital Gains means Realized Capital Gains minus Realized Capital Losses (but not less than zero).