Common use of Preparation of Tax Returns Clause in Contracts

Preparation of Tax Returns. The General Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for U.S. federal and state income tax purposes and, where applicable, Canadian Tax Purposes. The classification, realization and recognition of income, gain, losses and deductions and other items shall be computed (i) for U.S. federal income tax purposes, on the accrual method of accounting, and (ii) for Canadian Tax Purposes, in accordance with the Income Tax Act.

Appears in 11 contracts

Samples: Agreement, Agreement (BPY Bermuda Holdings IV LTD), Limited Partnership Agreement (Brookfield Business Partners L.P.)

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Preparation of Tax Returns. The General Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for U.S. federal and state income tax purposes and, where applicable, Canadian Tax Purposesfederal income tax purposes. The classification, realization and recognition of income, gain, losses and deductions and other items shall be computed (i) for U.S. federal income tax purposes, on the accrual method of accounting, and (ii) for Canadian Tax Purposesfederal income tax purposes, in accordance with the Income Tax Act.

Appears in 10 contracts

Samples: Agreement (Brookfield Renewable Partners L.P.), Agreement (Brookfield Renewable Partners L.P.), Agreement

Preparation of Tax Returns. The Managing General Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for U.S. federal and state income tax purposes and, where applicable, Canadian Tax Purposes. The classification, realization and recognition of income, gain, losses and deductions and other items shall be computed (i) for U.S. federal income tax purposes, on the accrual method of accounting, and (ii) for Canadian Tax Purposes, in accordance with the Income Tax Act.

Appears in 10 contracts

Samples: Limited Partnership Agreement (Brookfield Business Partners L.P.), Limited Partnership Agreement, Agreement (Brookfield Infrastructure Partners L.P.)

Preparation of Tax Returns. The General Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for U.S. federal and state income tax purposes and, where applicable, Canadian Tax Purposes. The classification, realization and recognition of income, gain, losses and deductions and other items shall be computed (i) for U.S. federal income tax purposes, on the accrual method of accounting, ; and (ii) for Canadian Tax Purposes, in accordance with the Income Tax Act.

Appears in 5 contracts

Samples: Agreement (Brookfield Infrastructure Partners L.P.), Agreement, Agreement (Brookfield Infrastructure Partners L.P.)

Preparation of Tax Returns. β€Œ The General Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for U.S. federal and state income tax purposes and, where applicable, Canadian Tax Purposesfederal income tax purposes. The classification, realization and recognition of income, gain, losses and deductions and other items shall be computed (i) for U.S. federal income tax purposes, on the accrual method of accounting, and (ii) for Canadian Tax Purposesfederal income tax purposes, in accordance with the Income Tax Act.

Appears in 2 contracts

Samples: Agreement, Agreement

Preparation of Tax Returns. The General Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for U.S. federal and state income tax purposes and, where applicable, Canadian Tax Purposesfederal income tax purposes. The classification, realization and recognition of income, gain, losses and deductions and other items shall be computed (i) completed on the accrual method of accounting for U.S. federal income tax purposes, on the accrual method of accounting, purposes and (ii) for Canadian Tax Purposes, in accordance with the Income Tax ActAct for Canadian tax purposes.

Appears in 1 contract

Samples: Agreement (Brookfield Infrastructure Partners L.P.)

Preparation of Tax Returns. The General Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for U.S. federal and state income tax purposes and, where applicable, Canadian Tax Purposesfederal income tax purposes. The classification, realization and recognition of income, gain, losses and deductions and other items shall be computed (i) for U.S. federal income tax purposes, on the accrual method of accounting, and (ii) for Canadian Tax Purposesfederal income tax purposes, in accordance with the Income Tax Act.. [A&R LP AGR_BREP] 32

Appears in 1 contract

Samples: Agreement

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Preparation of Tax Returns. The General Partner shall will arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for U.S. federal and state income Canadian tax purposes and, where applicable, Canadian Tax Purposespurposes. The classification, realization and recognition of income, gain, losses and deductions and other items shall will be computed (i) for U.S. federal income tax purposes, on the accrual method of accounting, and (ii) for Canadian Tax Purposes, tax purposes in accordance with the Income Tax Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (Brookfield Property Partners L.P.)

Preparation of Tax Returns. The General Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for U.S. federal and state income tax purposes and, where applicable, Canadian Tax Purposesfederal income tax purposes. The classification, realization and recognition of income, gain, losses and deductions and other items shall be computed (i) for U.S. federal income tax purposes, on the accrual method of accounting, ; and (ii) for Canadian Tax Purposesfederal income tax purposes, in accordance with the Income Tax Act.

Appears in 1 contract

Samples: Agreement (Brookfield Infrastructure Partners L.P.)

Preparation of Tax Returns. The General Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and other items required of the Partnership for U.S. federal and state income tax purposes and, where applicable, Canadian Tax Purposesfederal income tax purposes. The classification, realization and recognition of income, gain, losses and deductions and other items shall be computed (i) for U.S. federal income tax purposes, on the accrual method of accounting, and (ii) for Canadian Tax Purposesfederal income tax purposes, in accordance with the Income Tax Act.. [A&R LP AGR_BREP]

Appears in 1 contract

Samples: Agreement (Brookfield Renewable Energy Partners L.P.)

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