Tax Pools definition

Tax Pools means undepreciated capital cost of any particular class of depreciable property, cumulative Canadian exploration expense, cumulative Canadian development expense, cumulative Canadian oil and gas property expense, foreign exploration and development expense, capital losses, non capital losses, cumulative eligible capital and investment tax credits, all as defined in the Tax Act, and financing expenses referred to in Section 20(1)(e) of the Tax Act;

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Tax Pools means undepreciated capital cost of any particular class of depreciable property, cumulative Canadian exploration expense, cumulative Canadian development expense, cumulative Canadian oil and gas property expense, foreign exploration and development expense, capital losses, non-capital losses and cumulative eligible capital, all as defined in the Income Tax Act;

Tax Pools means, in respect of a particular date, determined at such date as if such date was a year-end for income tax purposes, the unclaimed balance of HCo’s, Stuart Energy’s and Test System’s non-capital losses, scientific research and experimental development expenditures and investment tax credits, as those terms are used for the purposes of the ITA, as at such date provided that the amount of Tax Pools shall specifically exclude (a) any non-capital losses attributable to (i) Algonquin Costs payable by HCo in accordance with Section 4.6, and (ii) any Hydrogenics Costs and (b) any amounts related to the Restricted Tax Pools;

Examples of Tax Pools in a sentence

• For purposes of this Section 3.17 and Section 4.17 below, the term “tax asset” shall include but is not limited to any net operating loss, non-capital losses, net capital losses, Tax Pools, investment tax credit, foreign tax credit, charitable deduction or any other credit or Tax attribute which could reduce Taxes.

• Profound's Tax Pools on a consolidated basis were not less than $200.8 million in the aggregate as at December 31, 2008, comprised approximately as follows: $66.1 million CCEE $55.7 million CCDE $21.1 million CCOGPE $38.6 million UCC $15.1 million Non-Capital Losses $4.2 million Financing Expenses and Profound has no reason to believe that its Tax Pools on a consolidated basis were materially less on the date hereof than as set forth above.

• This taxable income is eliminated firstly by application of the Company’s non-capital loss and non-capital loss carry-forwards (approximately $29,726); secondly by application of the increase in Company’s Tax Pools since August 19, 1991 ($383,048 CDE and $2,175,039 CEE); and finally as to the balance by way of transfer of approximately $145,988 of debt forgiveness to the Vendor pursuant to a Section 80.04 election under the Income Tax Act, such that the Company ends up with nil taxable income.

• For purposes of this section 00, the term “tax asset” shall include but is not limited to any net operating loss, non-capital losses, net capital losses, Tax Pools, investment tax credit, foreign tax credit, charitable deduction or any other credit or Tax attribute which could reduce Taxes.

• Storm’s Tax Pools at June 30, 2010 after giving effect to the Arrangement (including the transfer of the ExploreCo Assets to ExploreCo (and assuming that: (i) the Surmont/▇▇▇▇▇▇▇▇ Transaction has not been completed prior to the Effective Date; and (ii) Storm Production Partnership and 1318640 Alberta Ltd.

More Definitions of Tax Pools

Tax Pools means undepreciated capital cost of any particular class of depreciable property, earned depletion base, cumulative Canadian exploration expense, cumulative Canadian development expense, cumulative Canadian oil and gas property expense, foreign exploration and development expense, capital losses, non capital losses, cumulative eligible capital, share issue costs and investment tax credits, all as defined in the ITA, and financing expenses referred to in paragraph 20(1)(e) of the ITA.

Tax Pools means the UCC, earned depletion base, CCEE, CCDE, CCOGPE, foreign exploration and development expense, capital losses, Non-Capital Losses, cumulative eligible capital, attributed Canadian royalty income and investment tax credits, all as defined in the Tax Act, and Financing Expenses; "Tax Returns" includes all returns, reports, declarations, elections, notices, filings, forms, statements and other documents (whether intangible, electronic or other form) and including any amendments, schedules, attachments, supplements, appendices and exhibits thereto, made, prepared, filed or required to be made, prepared or filed by Law in respect of Taxes;

Tax Pools consists of cumulative Canadian oil and gas property expense ("COGPE"), cumulative Canadian development expense ("CDE"), cumulative Canadian exploration expense ("CEE") and undepreciated capital cost ("UCC"), in each case, as defined in the Canadian Tax Act;

Tax Pools means, subject to section 5.1 (rr), the aggregate of the undepreciated capital cost, cumulative Canadian exploration expenses, cumulative Canadian development expenses and Canadian oil and gas property expenses of all of the predecessor corporations of Amalco, all as determined in accordance with the Tax Act and calculated immediately following the relevant Effective Date in respect of each such predecessor on the basis the predecessor had a taxation year end on such Effective Date and used such pools to the extent available to eliminate any income tax payable in respect of such year.

Tax Pools means, at the relevant time as used in this Agreement, Vasogen’s non-capital losses, scientific research and experimental development expenditures, unamortized paragraph 20(1)(e) costs and investment tax credits, as those terms are used for the purposes of the ITA in the amounts as set out as of the date of this Agreement in the Disclosure Letter and, for greater certainty, does not include Vasogen’s capital losses, as that term is used for the purposes of the ITA;

Tax Pools means, with respect to the Branch of the Colombian Subsidiary, expenditures and deductions which were available (as adjusted in accordance with Colombian Tax Law for any increase or decrease through December 31, 1996 resulting from inflation or deflation) to the Colombian Subsidiary as of December 31, 1996 and which can be utilized to offset future income on which Colombian income tax would otherwise be payable;

Tax Pools means the tax basis or tax cost of the assets of Kimber and the Subsidiaries by category, including the classification of such assets as being depreciable or amortizable;