Tax PUC definition
Tax PUC means the paid-up capital calculated in accordance with the Income Tax Act (Canada).
Examples of Tax PUC in a sentence
The aggregate amount of the Issued and Paid-up Share Capital maintained in respect of the Amalco Common Shares immediately after giving effect to all of the transactions described herein, including the issuance by Amalco of Amalco Common Shares pursuant to Section 4.1.5 hereof, shall be equal to the aggregate Tax PUC, determined immediately before the Effective Time, of the common shares of Subco.