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

  • Figures 2-1, 2-2, and 2-3 summarise the current tax treatment by type of investor (i.e., Principal Business Corporation vs.

  • The CCEE is attached to the company (Principal Business Corporation) and not to the mine itself.

  • 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 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.

  • 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.

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


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;

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

  • 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).