Distribution has the meaning assigned by subsection fifty five(1) on the Income Tax Act (ITA). For your applications of section 55 in the ITA, a distribution means the direct or indirect transfer of property of a corporation (referred to in section 55 as a "distributing corporation") to one or more of its corporate shareholders (referred to in section fifty five as being a "transferee corporation") these types of that every transferee corporation that gets property about the distribution gets its pro rata share of every type of property owned from the distributing corporation immediately ahead of the distribution.
A residential trailer park includes the land and any structures and also other appurtenances on the land which are moderately needed for use through the occupants, or for your operation in the park.
Generally, this does not utilize to individuals who change genuine property exclusively to be used as a spot of residence for them selves, for a relation or for their previous wife or husband or prevalent‐law husband or wife.
inside the case of an individual identified to generally be a municipality, satisfying responsibilities as an area authority
If your builder credited the new housing rebate lessening the total sum payable for your house, the level of the rebate by which the builder decreased the amount payable
Qualifying subsidiary of a certain corporation means Yet another corporation in regard of which The actual corporation holds qualifying voting Command and owns not less than 90% of the worth and number of the issued and exceptional shares, obtaining comprehensive voting rights underneath all instances, with the capital stock of the opposite corporation, and includes:
The individual dependable could be, for example, a nurse acting as case supervisor for the individual getting many wellbeing care services of their house after treatment inside of a medical center for an injury
It's really a grouping of bands with a common desire that have joined alongside one another to offer advisory or software services for 2 or maybe more bands. A tribal council's board of administrators is made up of associates of your band councils.
A shown solution refers to alcoholic beverages, fuel, and tobacco products which are particularly outlined in the band bylaw.
Moreover, in the case of Persistent care, Should the affected person must remain overnight for the public website medical center or qualifying facility, both equally of the next disorders must be achieved:
By clicking “Settle for All Cookies”, you comply with the storing of cookies on your machine to reinforce web site navigation, evaluate internet site usage, and help inside our advertising and marketing initiatives.
The sponsor with the Conference is an organization whose head Business office is situated outside copyright or, Should the organization has no head Workplace, the member or greater part of members getting management and control of the Group is or are non-resident
Freight transportation service means a service of transporting items, and includes mail supply and courier services. It also includes incidental property and services that happen to be Portion of or incidental to your freight transportation service, including warehouse, packing, and loading services, wherever They can be supplied by the provider who provides the freight transportation service for the receiver with the freight transportation service, whether You will find there's separate charge.
twelve months within the case of vacation trailers or motor homes, or equivalent cars that aren't residential models