Principal Business Corporation definition

Principal Business Corporation means a principal-business corporation as defined in subsection 66(15) of the Tax Act;
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Principal Business Corporation means a principal-business corporation as defined in subsection 66(15) of the Act;
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Principal Business Corporation has the meaning set forth in recital A above;
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Examples of Principal Business Corporation in a sentence

  • The deduction for corporations whose principal business is mining or exploring for minerals or certain other related businesses (a "Principal Business Corporation") is limited to the extent of such corporation's income, and as such, a Principal Business Corporation cannot use this deduction to create a non- capital loss.

  • The original power of attorney (or a duly certified copy, as provided in the Powers of Attorney Act 1971) must be lodged with this completed LSE Acceptance Form with Capita Registrars, Corporate Actions, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU.

  • The Company is and will continue to be a Principal Business Corporation until such time as all of the Qualifying Expenditures required to be renounced under this Agreement and the FT Unit Subscription Agreements have been incurred or have been deemed to be incurred and validly renounced to FT Purchasers pursuant to the Tax Act.

  • It will push frugal innovation, more mega-­cities will become innovative-­clusters around the world which will attract talents and promote innovation.

  • A non-resident corporation in mining and oil and gas activities can gain access to special tax incentives by incorporating a Principal Business Corporation (PBC) in Canada.


More Definitions of Principal Business Corporation

Principal Business Corporation has the meaning set forth in subsection 66(15) of the Tax Act;
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Principal Business Corporation. The Corporation is a "principal-business corporation" as defined in subsection 66(15) of the Tax Act and will continue to be a "principal-business corporation" until such time as all of the Resource Expenses required to be renounced under the Subscription Agreements have been incurred and validly renounced pursuant to the Tax Act.
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Principal Business Corporation means a "principal-business corporation" as defined in subsection 66(15) of the Act; "Qualifying Expenditures" means (1) expenses which are CEE incurred on or after the Closing Date and on or before the Termination Date which may be renounced by the Corporation pursuant to subsection 66(12.6) of the Act with an effective date not later than December 31, 2007 and in respect of which, but for the renunciation, the Corporation would be entitled to a deduction from income for income tax purposes; (ii) expenses described in paragraphs (a) through (d) of the definition of "flow-through mining expenditure" in subsection 127(9) of the Act; and "Termination Date" means December 31, 2008. Terms of the Offering
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Principal Business Corporation means a "principal-business corporation" as defined in subsection 66(15) of the Act; and
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Related to Principal Business Corporation

  • Residentia Group means Residentia Group Pty Ltd of 165 Barkly Avenue Burnley VIC, ACN 600 546 656 in respect of Appliances purchased in Australia;

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • Professional corporation means a corporation incorporated under former 1962 PA 192, or a corporation incorporated under this act and governed by chapter 2A.

  • Mutual housing corporation means a corporation not-for-profit,

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Affiliated group of corporations means an affiliated group as defined in section 1504 of the Internal Revenue Code, except that, if such a group includes at least one incumbent local exchange carrier that is primarily engaged in the business of providing local exchange telephone service in this state, the affiliated group shall not include any incumbent local exchange carrier that would otherwise be included in the group.

  • Public corporation means a county, city, village, township, port district, drainage district, special assessment district, or metropolitan district of this state, or a board, commission, or another authority or agency created by or under an act of the legislature of this state.

  • Women-owned small business concern means a small business concern-

  • Veteran-owned small business concern means a small business concern—

  • Professional limited liability company means a limited

  • S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.

  • Alaska Native Corporation (ANC) means any Regional Corporation, Village Corporation, Urban Corporation, or Group Corporation organized under the laws of the State of Alaska in accordance with the Alaska Native Claims Settlement Act, as amended (43 U.S.C. 1601, et seq.) and which is considered a minority and economically disadvantaged concern under the criteria at 43 U.S.C. 1626(e)(1). This definition also includes ANC direct and indirect subsidiary corporations, joint ventures, and partnerships that meet the requirements of 43 U.S.C. 1626(e)(2).