Joint Tax Election definition

Joint Tax Election has the meaning ascribed thereto in Section 3.5;
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Joint Tax Election means a joint tax election under section 85 of the Tax Act and described under the heading "Principal Canadian Federal Income Tax Considerations" in this Information Circular.
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Joint Tax Election means an election under subsection 97(2) of the Tax Act (and the corresponding provisions of any applicable provincial tax legislation) made jointly by an Eligible Unitholder and the Managing General Partner on behalf of all of the members of BREP or the Managing General Partner's agent for this purpose, as the case may be;
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Examples of Joint Tax Election in a sentence

  • There are three most important mapping interfaces: select_initial_processor, permit_task_steal, map_task_region.

  • BAM will not make a Joint Tax Election with Eligible Canadian Holders who do not provide the relevant information through the website on or before the Tax Election Deadline.

  • The Eligible Canadian Holder will be solely responsible for executing its portion of the Joint Tax Election and submitting it to the CRA (and, where applicable, to any provincial tax authority) within the required time.

  • The link to that system will be made available at www.SolGold.com.au shortly after the first date on which Cornerstone Shares are taken up and paid for under the Offer.In order to make a Joint Tax Election, an Eligible Holder must provide the necessary information in accordance with the procedures set out in the instructions on the web-based system on or before 90 days after the first date on which Cornerstone Shares are taken up and paid for under the Offer.

  • Eligible Holders wishing to make a Joint Tax Election should consult their own tax advisors.

  • The Canadian Shareholder will be solely responsible for executing its portion of the Joint Tax Election and submitting it to the CRA (and, where applicable, to any provincial tax authority) within the required time.

  • A Joint Tax Election shall be made jointly by the Canadian Shareholder and GP ULC on behalf of all of the members of Exchange LP.

  • After receipt of all of the relevant information through the website, and provided that the information provided complies with the rules under the Tax Act regarding the Joint Tax Election, GP ULC will deliver an executed copy of the Joint Tax Election containing the relevant information to the Canadian Shareholder.

  • GP ULC will not make a Joint Tax Election with Canadian Shareholders who do not provide the relevant information through the website on or before the Tax Election Deadline.

  • Any Eligible Holder who does not ensure that information necessary to make a Joint Tax Election has been received by Canopy Growth in accordance with the procedures set out in the Tax Instruction Letter within the time period noted above may not be able to benefit from the tax deferral provisions in subsections 85(1) or 85(2) of the Tax Act (or the corresponding provisions of any applicable provincial tax legislation).


More Definitions of Joint Tax Election

Joint Tax Election means a joint tax election under section 85 of the Tax Act and described under the heading “Part I – The Arrangement – Certain Canadian Federal Income Tax Considerations” of the Circular with respect to the Arrangement. This Tax Instruction Letter sets out the time, form and manner in which an Eligible Holder must provide relevant information to NewCo in order that NewCo will sign and return a Joint Tax Election to the Eligible Holder for filing by the Eligible Holder. Such relevant information is referred to herein as the “Joint Tax Election Information”. Unless otherwise noted, all defined terms in this Tax Instruction Letter have the meaning as set out in the Circular. Please review this Tax Instruction Letter very carefully and consult your tax advisor as to the manner and form in which you are required to deliver the Joint Tax Election Information to NewCo and the applicable deadlines. The information provided herein and in the Circular with respect to any Joint Tax Election is provided for general assistance only, may not be exhaustive and is not intended to be, nor should it be construed as, legal or tax advice to any particular Eligible Holder. The law in this area is complex and contains numerous technical requirements not addressed in this Tax Instruction Letter. Furthermore, apart from providing this Tax Instruction Letter and enclosure(s) to an Eligible Holder for their convenience, none of NewCo, Lysander Funds Limited (“Lysander”), the Fund, or any appointed agents or representatives, any of the other members of NewCo, nor any affiliate or successor of any such entity will provide an Eligible Holder with any advice or particular assistance on making a Joint Tax Election. Accordingly, Eligible Holders should consult with their own tax advisors for specific advice in respect of whether or not to make a Joint Tax Election, and how to comply with the requirements for making such Joint Tax Election having regard to their own particular circumstances. KEY INFORMATION No fractional shares of NewCo were issued under the Arrangement. The total number of NewCo Class A Multiple Voting Shares or Class B Subordinate Voting Shares issued to any Unitholder was rounded up to the nearest whole share in the event that such Unitholder would otherwise be entitled to a fractional share representing 0.5 or more of a NewCo Class A Multiple Voting Share or Class B Subordinate Voting Share, and was, without additional compensation, rounded down to the nearest whole N...
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Joint Tax Election means a joint tax election under section 85 of the Tax Act and described under the heading “Part I – The Arrangement – Certain Canadian Federal Income Tax Considerations”.
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Related to Joint Tax Election

  • Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Tax Item means any item of income, gain, loss, deduction, credit, recapture of credit or any other item which increases or decreases Taxes paid or payable.

  • Tax Audit means any audit, assessment, or other examination relating to Taxes by any Tax Authority or any judicial or administrative proceedings relating to Taxes.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Joint Return means any Return of a member of the Parent Group or the SpinCo Group that is not a Separate Return.

  • Separate Return means (a) in the case of any Tax Return of any member of the SpinCo Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the Parent Group and (b) in the case of any Tax Return of any member of the Parent Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the SpinCo Group.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Tax Package shall have the meaning set forth in Section 5.5.

  • Tax Contest means an audit, review, examination, or any other administrative or judicial proceeding with the purpose or effect of redetermining Taxes (including any administrative or judicial review of any claim for refund).

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Tax return preparer means any individual described in Section 7701(a)(36) of the Internal Revenue Code and 26 C.F.R. 301.7701-15 .

  • Section 338 Forms means all returns, documents, statements, and other forms that are required to be submitted to any federal, state, local or foreign Taxing authority in connection with a Section 338(h)(10) Election, including, without limitation, any "statement of Section 338 Election" and IRS Form 8023 (together with any schedules or attachments thereto) that are required pursuant to Treasury regulations.

  • Carryback means any net operating loss, net capital loss, excess tax credit, or other similar Tax item which may or must be carried from one Tax Period to another Tax Period under the Code or other applicable Tax Law.