Taxation Year of the Trust definition

Taxation Year of the Trust means a calendar year, unless the fiscal period in respect of which the Trust is required annually to compute its income for Canadian federal income tax purposes changes, whereupon such new fiscal period shall become the Taxation Year of the Trust;
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Taxation Year of the Trust means a calendar year, unless the fiscal period in respect of which the Trust is required annually to compute its income for Canadian federal income tax purposes changes, in which event the new fiscal period shall become the Taxation Year of the Trust;
Sample 1

Examples of Taxation Year of the Trust in a sentence

  • Except pursuant to a Funding Direction from the Community Fund Trustees in accordance with this Subparagraph 8.5(a)(i), the Financial Trustees shall not distribute Primary Income for a Taxation Year of the Trust to the Beneficiary.

  • If you do not have a proxy appointment form and believe that you should have one, or if you require additional forms, please contact Capita Registrars on 0871 664 0300 (calls cost 10p per minute plus network extras.

  • Each Promissory Note shall be issued as absolute payment by the Financial Trustees of the obligation to pay the unpaid Secondary Income for a Taxation Year of the Trust to the Beneficiary.

  • As soon as practicable and within six (6) months from the end of the Taxation Year of the Trust in which the Secondary Income for a Taxation Year of the Trust is earned, the Financial Trustees shall deliver to the Beneficiary a promissory note substantially in the form as set out in the attached Schedule "A" (referred to as a "Promissory Note") payable to the Beneficiary for the unpaid Secondary Income for a Taxation Year of the Trust.

  • Incorporated herein by reference to Exhibit 10.7 to the registrant’s quarterly report on Form 10-Q for the period ended March 31, 2006.

  • Cash generated from operations and internally designated investments are available to meet the cash needs of CFNI for general expenditures within one-year of the statement date and are utilized within that order.

  • Accounts prepared in accordance with Section 5.17 shall, by the earliest date upon which the Trust or any Beneficiary must file its Canadian income tax return for such Taxation Year of the Trust, be provided to each Beneficiary.

  • The productivity on a per-faculty-member basis for the approximate 312 faculty members who were involved in externally funded research at UTSA in 2017 is:• $218,000 per faculty member in total research expenditures ($68M in total)• $128,000 per faculty member in restricted research expenditures ($40M in total)• $93,000 per faculty member in federal research expenditures ($29M in total)By 2022, UTSA aims to increase the number of externally funded researchers to 485.

  • For greater certainty, the Secondary Income for a Taxation Year of the Trust shall not be added to the capital of the Trust, but shall be paid to the Beneficiary in the manner provided in this Clause 8.5(b)(i)(B).

  • The accountants instructed to prepare the Annual Audit of the Trust in accordance with Subparagraph 11.2(a)(iii) of this Agreement shall certify that, to the best of their knowledge, all steps or things necessary have been completed to entitle the Trust to deduct an amount for a Taxation Year of the Trust equal to the Secondary Income for a Taxation Year of the Trust paid or payable to the Beneficiary in that year in accordance with the Income Tax Act and the terms of this Agreement.

Related to Taxation Year of the Trust

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Year of the Term as used herein shall mean each twelve-month period commencing on (START DATE).

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Plan Year means the calendar year.

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Limitation Year means the Plan Year.

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Registration year means the twelve-month period during which, under the laws of the base jurisdiction, the registration issued to a registrant by the base jurisdiction is valid.

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Deferral Year means each calendar year during which the Trustee makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Year of Eligibility Service means where an Employer designates a one or two 12-consecutive-month eligibility waiting period, an Employee must complete at least 1,000 Hours of Employment during each 12-consecutive-month period (measured from his date of Employment and then as of the first day of each Plan Year commencing after such date of Employment); provided, however, if an Employee is credited with 1,000 Hours of Employment in both the initial eligibility computation period and the first Plan Year which commences prior to the first anniversary of the Employee's employment commencement date, the Employee will be credited, for eligibility purposes, with two Years of Eligibility Service. Where an Employer designates an eligibility waiting period of less than 12 months, an Employee must, for purposes of eligibility, complete a required number of hours (measured from his date of Employment and each anniversary thereafter) which is arrived at by multiplying the number of months in the eligibility waiting period requirement by 83 1/3; provided, however, if an Employee completes at least 1,000 Hours of Employment within the 12 month period commencing on his Employment commencement date or during any Plan Year commencing after such Employment commencement date, such Employee will be treated as satisfying the eligibility service requirements.

  • Funding Year means in the case of the first Funding Year, the period commencing on the Effective Date and ending on the following March 31, and in the case of Funding Years subsequent to the first Funding Year, the period commencing on the date that is April 1 following the end of the previous Funding Year and ending on the following March 31;

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Trust Fiscal Year means the period commencing on March 1 of any year and ending on February 28 (or February 29, if applicable) of the following year.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Trust Period means the period ending on the earlier of:

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • Deferral Period has the meaning set forth in Section 3(h) hereof.

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.