Tax Pools definition

Tax Pools means undepreciated capital cost of any particular class of depreciable property, cumulative Canadian exploration expense, cumulative Canadian development expense, cumulative Canadian oil and gas property expense, foreign exploration and development expense, capital losses, non capital losses, cumulative eligible capital and investment tax credits, all as defined in the Tax Act, and financing expenses referred to in Section 20(1)(e) of the Tax Act;

Tax Pools means, in respect of a particular date, determined at such date as if such date was a year-end for income tax purposes, the unclaimed balance of HCo’s, Stuart Energy’s and Test System’s non-capital losses, scientific research and experimental development expenditures and investment tax credits, as those terms are used for the purposes of the ITA, as at such date provided that the amount of Tax Pools shall specifically exclude (a) any non-capital losses attributable to (i) Algonquin Costs payable by HCo in accordance with Section 4.6, and (ii) any Hydrogenics Costs and (b) any amounts related to the Restricted Tax Pools;

Tax Pools means undepreciated capital cost of any particular class of depreciable property, earned depletion base, cumulative Canadian exploration expense, cumulative Canadian development expense, cumulative Canadian oil and gas property expense, foreign exploration and development expense, capital losses, non capital losses, cumulative eligible capital, share issue costs and investment tax credits, all as defined in the ITA, and financing expenses referred to in paragraph 20(1)(e) of the ITA.

Examples of Tax Pools in a sentence

• For purposes of this Section 3.17 and Section 4.17 below, the term “tax asset” shall include but is not limited to any net operating loss, non-capital losses, net capital losses, Tax Pools, investment tax credit, foreign tax credit, charitable deduction or any other credit or Tax attribute which could reduce Taxes.

• Profound's Tax Pools on a consolidated basis were not less than $200.8 million in the aggregate as at December 31, 2008, comprised approximately as follows: $66.1 million CCEE $55.7 million CCDE $21.1 million CCOGPE $38.6 million UCC $15.1 million Non-Capital Losses $4.2 million Financing Expenses and Profound has no reason to believe that its Tax Pools on a consolidated basis were materially less on the date hereof than as set forth above.

• For purposes of this Section, the term “tax asset” shall include but is not limited to any net operating losses, non-capital losses, net capital losses, Tax Pools, investment tax credits, foreign tax credit or any other credit or Tax attribute which could reduce Taxes.

• Table: Tax Pools and Non-Capital Losses December 31, 2015 Item 6.5 COSTS INCURRED The Company’s share of the net costs of exploration and activities on the Khalakan Block and administrative costs during the most recently completed financial year ended December 31, 2015 totaled CAD$7,229,865 (US$5,694,089).

• New Vasogen’s obligations under the Indemnity Agreement relating to the Tax Pools (as defined in the Indemnity Agreement are limited to an aggregate of Cdn$1,455 with a threshold amount of Cdn$50 before there is an obligation to make a compensation payment.

More Definitions of Tax Pools

Tax Pools means undepreciated capital cost of any particular class of depreciable property, cumulative Canadian exploration expense, cumulative Canadian development expense, cumulative Canadian oil and gas property expense, capital losses, non-capital losses and investment tax credits, all as defined in the Tax Act;

Tax Pools means the UCC, earned depletion base, CCEE, CCDE, CCOGPE, foreign exploration and development expense, capital losses, Non-Capital Losses, cumulative eligible capital, attributed Canadian royalty income and investment tax credits, all as defined in the Tax Act, and Financing Expenses; "Tax Returns" includes all returns, reports, declarations, elections, notices, filings, forms, statements and other documents (whether intangible, electronic or other form) and including any amendments, schedules, attachments, supplements, appendices and exhibits thereto, made, prepared, filed or required to be made, prepared or filed by Law in respect of Taxes;

Tax Pools consists of cumulative Canadian oil and gas property expense ("COGPE"), cumulative Canadian development expense ("CDE"), cumulative Canadian exploration expense ("CEE") and undepreciated capital cost ("UCC"), in each case, as defined in the Canadian Tax Act;

Tax Pools has the meaning ascribed thereto in the Arrangement Agreement.

Tax Pools means, at the relevant time as used in this Agreement, Onco Alberta’s non-capital losses, scientific research and experimental development expenditures and investment tax credits, as those terms are used for the purposes of the ITA and the ACTA, as applicable, in the amounts as set out as of the date of this Agreement in the Onco Disclosure Letter and, for greater certainty, does not include Onco Alberta’s capital losses, as that term is used for the purposes of the ITA;

Tax Pools means Onco Alberta’s non-capital losses, scientific research and experimental development expenditures and investment tax credits, as those terms are used for the purposes of the Income Tax Act (Canada) in the amounts as set out in the Disclosure Letter (as defined in the Arrangement Agreement);

Tax Pools means, in respect of a particular date, determined at such date as if such date was a year-end for income tax purposes, the unclaimed balance of Hydrogenics', Stuart Energy's and Test System's non-capital losses, scientific research and experimental development expenditures and investment tax credits, as those terms are used for the purposes of the Tax Act, as at such date provided that the amount of Tax Pools shall specifically exclude (a) any non-capital losses attributable to (i) Algonquin Costs payable by Hydrogenics in accordance with the Support Agreement and (ii) any Hydrogenics Costs and (b) any amounts related to the Restricted Tax Pools;