tax consequences definition

tax consequences to a person means the amount of income, taxable income, or taxable income earned in Canada of, tax or other amount payable by or refundable to the person under this Act, or any other amount that is relevant for the purposes of computing that amount;
tax consequences to a corporation means the amount of

More Definitions of tax consequences

tax consequences to a person means
tax consequences to a person means the amount of tax, net tax, input tax credit, rebate or other amount payable by, or refundable to, the person under Part IX, or any other amount that is relevant to the purposes of computing that amount;
tax consequences. Client understands that savings realized from the use of a debt- relief service may be taxable income. Client may be liable for federal and state taxes in the amount of the debt forgiven by Client's creditors. Therefore, the use of the debt-relief service is likely to affect Client's creditworthiness adversely, may result in being sued by Client's creditors, and may increase the amount owed to creditors as a result of the accrued interest and additional fees. CREDIT RATING: Client has not hired OVLG to provide any "Credit Repair" services. Client acknowledges that a debt settlement may result in derogatory credit information being transmitted to the credit reporting agencies by Client's creditors. Once the debt is settled, Client's credit report will show "settled for less than full amount," "paid as agreed," or "paid settled". Client has hired OVLG solely to settle Client's debts, not to improve his/her credit rating. FEES IN CASE OF DROPOUT: Client can stop working with OVLG without any penalty. The Trust Account balance will be refunded within 7 business days (minus any fees OVLG has earned).
tax consequences to a person means the amount of tax, rebate or other amount payable by, or refundable to, the person under this Act, or any other amount that is relevant to the purposes of computing that amount; (“attribut fiscal”)
tax consequences. There are important tax considerations to these securities. See “Item 6 – Canadian Federal Income Tax Consequences and RRSP Eligibility”.
tax consequences. – means basically anything can be re-done to re-characterize the amounts
tax consequences. Each party understands that no assurance is given by any other that such transaction shall be deemed by the Internal Revenue Service to be a transaction upon which no gain or loss is recognized. Each party assumes the obligation for the payment of taxes, if any, related to any gain or loss to such party as a result of the transactions contemplated by this Agreement.