Temporary Differences definition

Temporary Differences attributable to any entity shall mean (a) any single item of income or deduction in a CI Consolidated Return in respect of any tax period that should reverse in one or more subsequent tax periods assuming proper tax treatment and no change in law or in the tax accounting policies of such entity (each an "Originating Temporary Difference") or (b) the partial or complete reversal of an Originating Temporary Difference.
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Temporary Differences attributable to any entity shall mean (a) any single item of income or deduction in a CI Consolidated Return in respect of any tax period that should reverse in one or more subsequent tax periods assuming proper tax treatment and no change in law or in the tax accounting policies of such entity (each an "Originating Temporary Difference") or (b) the partial or complete reversal of an Originating Temporary Difference. "Transaction Agreement" shall have the meaning as described on page 1 of this Agreement.
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Examples of Temporary Differences in a sentence

  • Temporary Differences are items for which the law requires companies to recognize an item for tax purposes on a basis different to when it recorded the expense for accounting purposes.

  • Taxable Income before Current Deductible Temporary Differences is an estimate of from prior years.

  • The significant components of the Company’s unrecognized temporary differences are as follows: 20172016Expiry daterange Temporary Differences: Debt with accretion97,000440,000No expiryNon-capital losses available for future periods6,330,0003,273,000 Canada4,547,0001,866,0002033-2037USA1,783,0001,407,0002030-2037Share issuance and financing costs1,030,000435,0002020-2021 Tax attributes are subject to review, and potential adjustment, by tax authorities.

  • ING USA Annuity and Life Insurance Company(A wholly owned subsidiary of Lion Connecticut Holdings Inc.)Notes to Financial Statements(Dollar amounts in millions, unless otherwise stated) Temporary Differences The tax effects of temporary differences that give rise to Deferred tax assets and Deferred tax liabilities at December 31, 2011 and 2010, are presented below.

  • This part of the question required the examinees to explain the meanings of (i) Temporary Differences,(ii) Taxable Temporary Differences and (iii) Deductible Temporary Differences.

  • We also recorded a deferred credit of approximately $122 million in accordance with EITF Issue 98-11, “Accounting for Acquired Temporary Differences in Certain Purchase Transactions That Are Not Accounted for as Business Combinations.” This deferred credit will reduce income tax expense when the deferred tax asset is realized.

  • Keywords-: Book-Tax Difference; Temporary Differences; Cash Flow Volatility; Corporate Governance; Earning Quality; And Earning Persistence.

  • A patient that has not been withdrawn or otherwise disqualified from the study, will have completed the study when the patient has finished all follow-up visits and the study has been terminated.

  • The composition of the net future income tax asset (liability) as at December 31, 2010 and December 31, 2009 is as follows: Description of Temporary Differences and Carryforwards The amount and timing of reversals of temporary differences will be dependent upon, among other things, the Company’s future operating results, and acquisitions and dispositions of assets and liabilities.

  • However, under US GAAP, a deferred income tax liability is recognised in accordance with EITF 98-11 “Accounting for Acquired Temporary Differences in Certain Purchase Transactions that are not Accounted for as Business Combinations”.

Related to Temporary Differences

  • Temporary Disconnection means an ICP is De-energised but there is no change to the status of the ICP in the Registry;

  • Temporary Position means a position that the Employer has determined will be in excess of thirty (30) calendar days and not more than two (2) years, but which is not a Regular Position. Temporary Positions are intended for staffing of short term projects and interim staffing relief during periods such as the absences of employees or for unexpected and temporary changes in workload. A Temporary Position may be either a new position for the designated period or a temporary vacancy of a Regular Position or of a previously vacated Temporary Position.

  • Temporary Vacancy a vacancy in a position caused by the regularly assigned employee being absent from duty or temporarily assigned to other duties.

  • Temporary Post means a post other than a permanent post.

  • Temporary disability means wage loss replacement for the primary job;

  • Temporary service means an electrical service granted temporarily for such purposes as construction, real estate sales, trailers, et cetera;

  • Temporary Work means all temporary works of every kind required in or about the execution, completion and maintenance of the works.

  • Temporary domicile means the principal place of abode within Utah of a person who does not have a present intention to continue residency within Utah permanently or indefinitely.

  • Temporary job site means a location where any of the following occur:

  • Temporary worker means a person who is furnished to you to substitute for a permanent "employee" on leave or to meet seasonal or short-term workload conditions.

  • Temporary use means a use or structure on improved or unimproved real estate which is of impermanent nature, and is used for less than ninety days in a calendar year.

  • temporary building means a Building designed or constructed, erected or placed on land and which is demolished or removed from the lands within twelve months of Building Permit issuance;

  • Temporary Works means all temporary works of every kind required in or about the execution, completion or maintenance of works.

  • Temporary Total Disablement means disablement which entirely prevents the Insured Person from attending to their business or occupation.

  • Temporary Work Agency means as defined in Regulation 4 of the AWR being a person engaged in the economic activity, public or private, whether or not operating for profit, and whether or not carrying on such activity in conjunction with others, of:

  • Temporary Cash Investments means any of the following:

  • Temporary Structure means any structure that is apparently temporary in nature;

  • Temporary means employment of an intermittent nature; for a limited, specified period; and undertaken during unpaid Maternity Leave or extended unpaid Maternity Leave.

  • Temporary Cash Investment means any of the following:

  • Temporary Global Note means a global note in the form or substantially in the form set out in Part 1 of Schedule 6 together with the copy of the applicable Final Terms attached to it with such modifications (if any) as may be agreed between the Issuer, the Agent and the relevant Dealer, comprising some or all of the Notes of the same Series issued by the Issuer under the Programme Agreement or any other agreement between the Issuer and the relevant Dealer;

  • Temporary housing means any tent, trailer, motor home, or other structure used for human shelter which is designed to be transportable and which is not attached to the ground, to another structure, or to any utilities system on the same premises for more than thirty (30) days.

  • Regulation S Temporary Global Note is exchangeable in whole or in part for one or more Global Notes only (i) on or after the termination of the 40-day restricted period (as defined in Regulation S) and (ii) upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable) required by Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note.

  • Temporary total disability means disability that results in the inability of an injured employee to earn wages as a result of a compensable injury for which disability benefits may not exceed a cumulative total of one hundred four weeks or the date the injured employee reaches maximum medical improvement or maximum medical recovery, whichever occurs first.

  • Temporary sign means a sign not permanently fixed and not intended to remain fixed in one position;

  • temporary sales office means a building, structure, facility or trailer on the lot used for the purpose of the sale of dwelling units to be erected on the lot.

  • Temporary Certificate means a certificate issued pursuant to subdivision (d) of section 7 of this local law.