CVAT definition

CVAT means the federal component of tax payable under Part IX of the Excise Tax Act that applies in a province irrespective of whether the province is a participating province;
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Examples of CVAT in a sentence

  • With the harmonization of the Goods and Services Tax and the Provincial Sales Tax, some agencies receive a CVAT rebate under the Comprehensive Integrated Tax Coordination Agreement.

  • Tax revenue consists of the aggregate of the adjusted net tax payable in respect of the CVAT and the PVAT less specified refunds and rebates.

  • Furthermore, the determination of tax revenue takes into account all amounts reported as CVAT and PVAT.

  • In order to be con- sidered a life insurance contract under section 7702(a), a contract that is a life insurance contract under applicable law (e.g., state law) must either satisfy the “cash value ac- cumulation test” set forth in section 7702(a)(1) and (b) The Code prescribes rules regarding the mortality and expense charge assumptions that must be used in deter- mining net single premiums under the CVAT, guideline premiums under the GPT, and 7-pay premiums under the 7-pay test.

  • The Province agrees that the tax base for the PVAT in respect of the Province must remain common with the tax base for the CVAT in order to maintain a harmonized tax base between the CVAT and the PVAT in respect of the Province.

  • The annual revenue entitlement of a province out of tax revenue is determined under Part IV and is based on a share which is a function of the PVAT rate, the CVAT rate, national and provincial economic data provided by Statistics Canada, administrative data provided by the Canada Revenue Agency and the Canada Border Services Agency, and other data sources determined by Finance (Canada).

  • Harmonized Sales Tax (HST)‌ The Agency receives a CVAT rebate under the Comprehensive Integrated Tax Coordination Agreement.

  • C-VAT HAS NO CONTROL OVER SUCH SITES AND RESOURCES, YOU ACKNOWLEDGE AND AGREE THAT C-VAT IS NOT RESPONSIBLE FOR THE AVAILABILITY OF SUCH EXTERNAL SITES OR RESOURCES, AND DOES NOT ENDORSE AND IS NOT RESPONSIBLE OR LIABLE FOR ANY CONTENT, ADVERTISING, PRODUCTS, OR OTHER MATERIALS ON OR AVAILABLE FROM SUCH SITES OR RESOURCES.

  • C-VAT" MEANS C-VAT INTERNATIONAL PTE LTD AND ITS LICENSORS, TRADENAMES, IF ANY.

  • NO C-VAT DEALER, AGENT OR EMPLOYEE IS AUTHORIZED TO MAKE ANY AMENDMENT TO THIS ▇▇▇▇.