Definition of Tax Step-Up


Tax Step-Up means the increase in the cost of non-depreciable capital property under paragraphs 88(1)(c) and (d) of the Income Tax Act (Canada) available to AcquireCo and its successors on (i) the amalgamation referred to in Step 120 in the Steps Memo (in respect of non-depreciable capital property owned by the Predecessor), (ii) the amalgamation referred to in Step 129 in the Steps Memo (in respect of non-depreciable capital property owned by Alliance Atlantis Productions Ltd.) or (iii) on the amalgamation referred to in Step 134 in the Steps Memo (in respect of non-depreciable capital property owned by Alliance Atlantis Broadcasting Inc.).
Sample 1

Examples of Tax Step-Up in a sentence

Notwithstanding the provisions of this Section 2.8(b), no action shall be taken or thing done if such action or thing could adversely affect the Tax Step-Up. Section 2.9. Novation of Liabilities.