Distribution has the meaning assigned by subsection 55(one) of your Income Tax Act (ITA). For your needs of section 55 from the ITA, a distribution means the direct or indirect transfer of property of a corporation (referred to in section 55 to be a "distributing corporation") to one or more of its corporate shareholders (referred to in section 55 to be a "transferee corporation") such that each transferee corporation that receives property over the distribution gets its Professional rata share of each and every form of property owned by the distributing corporation immediately ahead of the distribution.
For GST/HST functions, someone does not require a carrier licence being a carrier. For example, if independent operator-operators of freeway tractors and courier motor vehicles present freight transportation services, These are carriers if They're necessary by legislation being certified as carriers.
Someone employed to supply construction services on land that's leased or owned by another person, and who does not have an interest in that land, is not frequently considered to get a builder.
all or considerably all the interest in a 2nd Canadian partnership, That could be a member of the qualifying group of which the particular corporation is usually a member, is held by the particular partnership
Associated particular person, for GST/HST purposes, means a person who is normally connected with another human being the place one particular controls one other. Linked individuals (referred to commonly as "associates") may include:
Specified facility operator means a non-revenue organization operating, otherwise than for gain, a facility, or a component thereof, operated for the objective of offering residents of the facility who have limited physical or psychological capability for self-supervision and self-treatment with:
A corporation and A different particular person or two corporations might also be related persons. Also, for GST/HST reasons, a member of the partnership is linked to the partnership.
Included property that is from the possession of someone means items or program That could be a component portion or is property (such as a label or possibly a screw) that is incorporated or coupled with other property. Additionally, it includes packing materials used in packing other products, but does not include items or program additional to any property that isn't held for sale by the individual.
somebody whose principal business is the lending of cash or even the buying of financial debt securities or a mix of these pursuits
Moreover, within the case of Long-term treatment, In the event the patient must continue to be right away on the public hospital or qualifying facility, equally of the next disorders must be satisfied:
When a company no longer qualifies as a medical center authority, it's going to no longer be entitled to the public service bodies' rebate on the rate for healthcare facility authorities regardless of whether its designation to be a clinic authority has become revoked.
The payment is for just a service of organizing or coordinating the making of facility materials or property medical supplies
If, after the 1st use, read more the person intends to occupy the unit or lease it as a location of residence or lodging to a person who is a relation, shareholder, member, associate, or somebody with whom the individual isn't working at arm's duration, the device will be the Principal put of residence of the person or that particular person
It retains qualifying voting Manage in regard of the corporation that is a member of the qualifying group of which the second partnership can be a member and it owns not less than 90% of the worth and number of the issues and remarkable shares, having entire voting rights underneath all situations, on the capital inventory of the corporation