Section 167 Election definition

Section 167 Election means a joint election to be executed by Company and Canadian OpCo under Section 167 of the Excise Tax Act (Canada) and the corresponding provisions of any other applicable provincial statute and any regulations under such statutes on the forms prescribed for such purposes along with any documentation necessary or desirable in order to effect the transfer of the First Closing Purchased Assets by Company without payment of any HST. Canadian OpCo shall file the election forms referred to above, along with any documentation necessary or desirable to give effect to such, with Canada Revenue Agency together with Canadian OpCo’s HST return for the reporting period in which the transactions contemplated herein are consummated.
Sample 1Sample 2Sample 3

Examples of Section 167 Election in a sentence

  • Section 167 Election On the Closing Date, the Purchaser and the Vendor will complete (in the prescribed form, containing the prescribed information) the requisite joint election to have section 167 of the ETA apply to the supply, transfer and sale of the Purchased Assets.

  • Change in Provisions: If the Donor feels that any terms in the Deed of Gift should be modified or deleted, the Donor should discuss the matter with the ETRC Director to verify that the desired change in terms is allowable and feasible.

Related to Section 167 Election

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Primary election means any regular primary election held under the election

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • LCA Election has the meaning specified in Section 1.09(a).

  • REMIC Election An election, for federal income tax purposes, to treat certain assets as a REMIC.

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • by-election means an election other than a general election;

  • Other Benchmark Rate Election means, if the then-current Benchmark is USD LIBOR, the occurrence of:

  • Early Opt-in Election means the occurrence of:

  • Election means an election by a constituency, or by a class within a constituency, to fill a vacancy among one or more posts on the council of governors;

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Stock Election shall have the meaning set forth in Section 3.2.2.

  • Deferral Notice has the meaning set forth in Section 3(i) hereof.

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Special election means an election held as authorized by Section 20A-1-203.

  • Payment Election means an election pursuant to Section 5.1.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Election Deadline shall have the meaning set forth in Section 3.2.3.