Resident Holder definition

Resident Holder means a Holder who, for the purposes of the Tax Act and at all relevant times, is or is deemed to be a resident of Canada.

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Resident Holder means a Holder who, for the purposes of the Tax Act and at all relevant times, is or is deemed to be a resident of Canada. “RESP” has the meaning given to it under Item 3.D “Risk Factors — Risks Relating to Taxation — Canada”.

Resident Holder means a beneficial holder of the Notes who, for the purposes of the Tax Act and any applicable income tax convention, at all relevant times, is or is deemed to be resident in Canada;

Examples of Resident Holder in a sentence

• The Resident Holder will recognize a capital gain (or a capital loss) equal to the amount by which such proceeds of disposition are greater (or less) than the aggregate of the adjusted cost base of the Convertible Debentures to the Resident Holder and any reasonable costs of disposition.

• A Resident Holder will be required to include all such interest in computing its income under the Tax Act for the taxation year in which the Date of Conversion occurs, to the extent such amount has not otherwise been included in income in a preceding taxation year.

• A Resident Holder that is throughout the taxation year a “Canadian-controlled private corporation” (as defined in the Tax Act) may be liable to pay a tax (refundable in certain circumstances) on certain investment income including amounts in respect of interest and taxable capital gains.

• The adjusted cost base to a Resident Holder of Common Shares at a particular time will generally be determined by averaging the cost of such Common Shares with the adjusted cost base of any other Common Shares held by such Resident Holder as capital property at that time.

• Generally, one-half of any capital gain (a “taxable capital gain”) realized by a Resident Holder in a taxation year must be included in the Resident Holder’s income for the year, and one-half of any capital loss (an “allowable capital loss”) realized by a Resident Holder in a taxation year must be deducted from taxable capital gains realized by the Resident Holder in that year.

More Definitions of Resident Holder

Resident Holder means a Holder who, at all relevant times, for purposes of the Tax Act and any applicable income tax treaty or convention, is resident in Canada;

Resident Holder means a Holder who, at all relevant times, for purposes of the Canadian Tax Act and any applicable income tax treaty or convention, is or is deemed to be a resident of Canada;

Resident Holder means a Holder that, at all relevant times for the purposes of the Tax Act, is or is deemed to be resident in Canada. "Restructuring Transactions" means, collectively, the Rights Offering and the Debt Restructuring.

Resident Holder means a Holder who, for purposes of the Tax Act and at all relevant times, is resident or is deemed to be resident in Canada under the Tax Act;

Resident Holder means a Shareholder who is a Resident;

Resident Holder has the meaning ascribed thereto in “Certain Canadian Federal Income Tax Considerations”;

Resident Holder means a Holder who, for purposes of the Tax Act and any applicable income tax treaty and at all relevant times, is or is deemed to be a resident solely in Canada;