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.)
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 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
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
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.)