Tax Pools definition

Tax Pools means undepreciated capital cost of any particular class of depreciable property, cumulative Canadian exploration expense, cumulative Canadian development expense, cumulative Canadian oil and gas property expense, foreign exploration and development expense, capital losses, non capital losses, cumulative eligible capital and investment tax credits, all as defined in the Tax Act, and financing expenses referred to in Section 20(1)(e) of the Tax Act;

Tax Pools means, in respect of a particular date, determined at such date as if such date was a year-end for income tax purposes, the unclaimed balance of HCo’s, Stuart Energy’s and Test System’s non-capital losses, scientific research and experimental development expenditures and investment tax credits, as those terms are used for the purposes of the ITA, as at such date provided that the amount of Tax Pools shall specifically exclude (a) any non-capital losses attributable to (i) Algonquin Costs payable by HCo in accordance with Section 4.6, and (ii) any Hydrogenics Costs and (b) any amounts related to the Restricted Tax Pools;

Tax Pools means undepreciated capital cost of any particular class of depreciable property, earned depletion base, cumulative Canadian exploration expense, cumulative Canadian development expense, cumulative Canadian oil and gas property expense, foreign exploration and development expense, capital losses, non capital losses, cumulative eligible capital, share issue costs and investment tax credits, all as defined in the ITA, and financing expenses referred to in paragraph 20(1)(e) of the ITA.

Examples of Tax Pools in a sentence

• The following worksheets are no longer included in the pack and are not required to be submitted to Ofgem: 1.1 Income statement, 1.2 – Financial Position, 1.3 Cash flow, 1.7 Tax Computation, 1.8 Tax Pools, 1.9 Tax allocations of spend, 1.10 Tax allocations CT 600, 1.12 Financing requirements, 1.13 Pensions defined benefit.

• The Marlowe Assets, Bistcho Assets, Conrad Assets and the Tax Pools comprise the Company’s Alberta assets (collectively, the “ Alberta Assets”).

• Table: Tax Pools and Non-Capital Losses December 31, 2016 Item 6.5 COSTS INCURRED The Company’s share of the net costs of exploration and activities on the Khalakan Block and administrative costs during the most recently completed financial year ended December 31, 2016 totaled CAD$9,916,146 (US$7,445,080).

• Table: Tax Pools and Non-Capital Losses December 31, 2019 Item 6.5 COSTS INCURRED The Company’s share of the net costs of exploration and activities on the Khalakan Block and administrative costs during the most recently completed financial year ended December 31, 2019 totaled CAD$Nil US$Nil.

• Table: Tax Pools and Non-Capital Losses December 31, 2018 Item 6.5 COSTS INCURRED The Company’s share of the net costs of exploration and activities on the Khalakan Block and administrative costs during the most recently completed financial year ended December 31, 2018 totaled CAD$Nil US$Nil.

More Definitions of Tax Pools

Tax Pools means the UCC, earned depletion base, CCEE, CCDE, CCOGPE, foreign exploration and development expense, capital losses, Non-Capital Losses, cumulative eligible capital, attributed Canadian royalty income and investment tax credits, all as defined in the Tax Act, and Financing Expenses; "Tax Returns" includes all returns, reports, declarations, elections, notices, filings, forms, statements and other documents (whether intangible, electronic or other form) and including any amendments, schedules, attachments, supplements, appendices and exhibits thereto, made, prepared, filed or required to be made, prepared or filed by Law in respect of Taxes;

Tax Pools means undepreciated capital cost of any particular class of depreciable property, cumulative Canadian exploration expense, cumulative Canadian development expense, cumulative Canadian oil and gas property expense, foreign exploration and development expense, capital losses, non-capital losses and cumulative eligible capital, all as defined in the Income Tax Act;

Tax Pools means, with respect to the Branch of the Colombian Subsidiary, expenditures and deductions which were available (as adjusted in accordance with Colombian Tax Law for any increase or decrease through December 31, 1996 resulting from inflation or deflation) to the Colombian Subsidiary as of December 31, 1996 and which can be utilized to offset future income on which Colombian income tax would otherwise be payable;

Tax Pools means all Canadian oil and gas property expense or cumulative Canadian oil and gas property expense, as the context requires, (as such terms are defined in the Tax Act) associated with the Petroleum and Natural Gas Rights.

Tax Pools means the aggregate of all amounts which are deductible, directly or indirectly, in thecomputation of, or may reduce the amount of, income or taxable income under the Income Tax Act (Canada) or any provincial taxation statute applicable to either of the parties and without restricting the generality of the foregoing includes such party’s “undepreciated capital cost” and “non-capital loss”, all as defined for the purposes of the Income Tax Act (Canada) and applicable provincial income tax legislation

Tax Pools means, in respect of a particular date, determined at such date as if such date was a year-end for income tax purposes, the unclaimed balance of Hydrogenics', Stuart Energy's and Test System's non-capital losses, scientific research and experimental development expenditures and investment tax credits, as those terms are used for the purposes of the Tax Act, as at such date provided that the amount of Tax Pools shall specifically exclude (a) any non-capital losses attributable to (i) Algonquin Costs payable by Hydrogenics in accordance with the Support Agreement and (ii) any Hydrogenics Costs and (b) any amounts related to the Restricted Tax Pools;

Tax Pools shall have the meaning ascribed thereto in Section 3.14(b)(iv) hereto.