Arm’s Length definition
Arm’s Length has the meaning ascribed to such term for the purposes of the Income Tax Act (Canada);
Arm’s Length has the meaning given to it under the Income Tax Act (Canada) as in effect on the Effective Date of this Agreement.
Arm’s Length has the same meaning as that term is given in the Tax Act;
Examples of Arm’s Length in a sentence
The costs or expenses of goods or services acquired from parties that are not Arm's Length from the Recipient must be valued at the cost of the supplying entity and shall not include any mark up for profit, return on investment or overhead costs and shall not exceed fair market value.
More Definitions of Arm’s Length
Arm’s Length means, with respect to two or more Persons, that such Persons are not related to each other within the meaning of subsections 251(2), (3), (3.1), (3.2), (4), (5) and (6) of the ITA or any substantially equivalent successor provisions and that such Persons, as a matter of fact, deal with each other at a particular time at arm’s length.
Arm’s Length has the meaning ascribed thereto in the Tax Act.
Arm’s Length means terms that are fair and reasonable to the counterparty of a transaction and no more or less favourable to the other party to the relevant transaction as could reasonably be expected to be obtained in a comparable arm’s length transaction with a person that is not the ultimate holding company of such counterparty or an entity of which such counterparty or its ultimate holding company has direct or indirect control, or owns directly or indirectly more than 20% (twenty percent) of the share capital or similar rights of ownership;
Arm’s Length has the meaning specified in the definition of “Non-Arm’s Length”.
Arm’s Length shall have the opposite meaning.
Arm’s Length means arm's length as defined in the Tax Act.
Arm’s Length means arm’s length as that term is interpreted in connection with its use in the ITA.