Canadian Income Tax definition

Canadian Income Tax means any Income Tax imposed by Canada or any political subdivision thereof.
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Canadian Income Tax has the meaning ascribed thereto in the Tax Sharing Agreement.
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Canadian Income Tax means any Tax imposed by Canada, or by any province or political subdivision thereof, which is an income Tax as defined in Treasury Regulation Section 1.901-2.
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Examples of Canadian Income Tax in a sentence

  • Income tax on net realized capital gains is generally recoverable, as redemptions occur, by virtue of the refunding provisions contained in the Canadian Income Tax Act.

  • The Funds each qualify or are expected to qualify as a mutual fund trust, under the provisions of the Canadian Income Tax Act and, accordingly, are not subject to income tax on that portion of their net investment income, including net realized gains, that is distributed to Unitholders.

  • Pursuant to Regulation 105 of the Canadian Income Tax Regulations, Buyer must withhold 15 percent of the amount to be paid to the Seller in respect of services provided in Canada if the Seller is a non-resident, unless the Seller obtains a valid waiver.

  • Regulation 105(1) of the Canadian Income Tax Act requires that payments to non- residents for any work performed in Canada are subject to a Non-resident Withholding Tax of 15%.

  • This fee is expressed as a percentage of the Index Level, and reflects the Model Provider’s compensation for licensing the Model.

  • The Canadian Income Tax Act and Regulations thereunder requires that Mount Allison University withhold a certain amount paid to non-resident individuals, partnerships or corporations, in respect of services rendered in Canada.

  • The Canadian Income Tax Act contains rules (the “SIFT Rules”) applicable to specified investment flow- through (“SIFT”) trusts, which generally tax the SIFT trust on its income from business carried on in Canada and on income (other than taxable dividends) or capital gains from non-portfolio properties (as defined in the Canadian Income Tax Act) and the distribution of such income to Unitholders is generally treated as dividends received from a taxable Canadian corporation.

  • Regulation 105(1) of the Canadian Income Tax Act requires that payments to non- residents for any services performed in Canada are subject to a Non-resident Withholding Tax of 15%.

  • When there is a conflict between the Canadian Income Tax Act and an international agreement, the terms of the Canadian Income Tax Act prevail.

  • Flow-through shares Canadian Income Tax Legislation permits an enterprise to issue securities referred to as flow- through shares, whereby the investor can claim the tax deductions arising from the renunciation of the related resource expenditures by the Company.

Related to Canadian Income Tax

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Canadian Tax Act means the Income Tax Act (Canada) and the regulations thereunder, as amended from time to time.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Australian Tax Act means the Income Tax Assessment Act 1936 (Cth) (Australia) or the Income Tax Assessment Act 1997 (Cth) (Australia), as applicable.

  • Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Canadian Taxes has the meaning specified in Section 1005.

  • Per capita income means the average for the most recent three years for

  • Consolidated Interest Income means, with respect to any period, total interest income of the Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP for such period.

  • Unpaid income tax means income tax due but not paid by the date the income tax is required to be paid under applicable law.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Incremental income tax means the total amount withheld

  • Federal Income Tax means any Tax imposed by Subtitle A or F of the Code.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Consolidated Income Tax Expense means, for any period, all provisions for taxes based on the gross or net income of Borrower (including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto), and all franchise taxes of Borrower, as determined on a Consolidated basis and in accordance with GAAP.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.