Distribution has the meaning assigned by subsection 55(one) from the Income Tax Act (ITA). To the functions of section 55 on the ITA, a distribution means the direct or indirect transfer of property of the corporation (referred to in section fifty five to be a "distributing corporation") to a number of of its corporate shareholders (referred to in section 55 being a "transferee corporation") these kinds of that every transferee corporation that receives property within the distribution receives its Professional rata share of every variety of property owned by the distributing corporation immediately prior to the distribution.
Having said that, if no doctor is on the market regionally, a nurse practitioner can immediate or supervise the method.
Canadian partnership means a partnership of which Every member is usually a corporation or maybe a partnership which is resident in copyright.
a scheme or arrangement implemented by, or on behalf of, a regulator to regulate greenhouse gasoline emissions
Insurance provider commonly means a one that is accredited or if not authorized beneath the laws of copyright or maybe a province to hold on in copyright an insurance business or underneath the laws of A further jurisdiction to carry on in that jurisdiction an insurance plan business.
A freight transportation service does not include the service provided by the supplier of the passenger transportation service of transporting somebody's baggage as Portion of the passenger transportation service.
Membership also includes this kind of appropriate that's conditional over the acquisition or ownership of the share, bond, debenture or other stability.
Capital asset normally means property which is or will be capital property beneath the Income Tax Act and includes property that, right before January 1, 2017, was or would have been eligible capital property for income tax functions.
Builder, with the get more info needs of GST/HST rebates, usually includes a particular person who is while in the business of constructing or substantially renovating properties for sale. The home might be on land owned or leased by that builder. A builder may additionally include:
a corporation that is a qualifying subsidiary of the qualifying subsidiary of the particular corporation
not less than ninety% with the websites are, or are intended to be, supplied under a lease, licence, or very similar arrangement, less than which ongoing possession or utilization of a internet site is presented for any period of at the least:
fees billed by persons other than the builder, which include lawyer's expenses or study costs paid to appraisers
For example, an apartment unit or simply a townhouse would usually become a residential condominium device In the event the unit:
This is able to include a construction transform because of an amalgamation or merger with A different organization, or any adjustments from the way in which it really is funded or operated.