Section 85 Election definition
Section 85 Election has the meaning ascribed thereto in Section 3.7;
Section 85 Election has the meaning specified in Section 2.6;
Section 85 Election means a joint election to be executed by Company and Canadian OpCo under Section 85 of the Income Tax Act (Canada) and the corresponding provisions of any other applicable provincial statute in respect of the sale, assignment, conveyance and transfer of the First Closing Purchased Assets.
Examples of Section 85 Election in a sentence
The tax instruction letter will provide general instructions on how to make the Section 85 Election with the Purchaser in order to obtain a full or partial tax-deferred rollover for Canadian income tax purposes (subject to the applicable provisions of the Tax Act and applicable provincial tax law) in respect of the sale of the Eligible Holder’s Company Shares.
More Definitions of Section 85 Election
Section 85 Election means an income tax election pursuant to Section 85 of the Tax Act (and any analogous provision of provincial tax law).
Section 85 Election shall have the meaning ascribed thereto in Section 3.02(c); (gg)
Section 85 Election has the meaning specified in Section 4.1(f);
Section 85 Election means a joint election with the Offeror pursuant to subsection 85(1) or (2) of the Tax Act (or the corresponding provisions of any applicable provincial tax legislation), as described in Section 20 of the Circular, “Principal Canadian Federal Income Tax Considerations — Augusta Shareholders Resident in Canada — Disposition of Augusta Shares Pursuant to the Offer — Section 85 Election”;
Section 85 Election means an election under Section 85 of the Income Tax Act (Canada), as amended, supplemented or replaced from time to time;
Section 85 Election shall have the meaning ascribed thereto in Section 2.11 of the Arrangement Agreement;
Section 85 Election shall have the meaning ascribed thereto in Section 4.8; “Tax Act” means the Income Tax Act (Canada), as amended; and