Canadian Tax Journal, Volume 8Canadian Tax Foundation., 1960 - Electronic journals |
From inside the book
Results 1-3 of 51
Page 11
... surplus received by him and instead the accumulated sur- plus would in whole or in part dis- appear . To a philosophy which holds that tax must eventually be paid on accumulations of surplus the result was objectionable . Similarly , it ...
... surplus received by him and instead the accumulated sur- plus would in whole or in part dis- appear . To a philosophy which holds that tax must eventually be paid on accumulations of surplus the result was objectionable . Similarly , it ...
Page 13
imposed on the transfer of assets between the two companies by desig- nated surplus would have disappeared . Thus , designated surplus would have been destroyed . From this , it quickly became apparent that a parent com- pany could be ...
imposed on the transfer of assets between the two companies by desig- nated surplus would have disappeared . Thus , designated surplus would have been destroyed . From this , it quickly became apparent that a parent com- pany could be ...
Page 238
... surplus to B Co. Ltd .; B Co. Ltd. passes on to Jones $ 999,000 out of the assets so received , paying off the debt to Jones ; B Co. Ltd. winds up A Co. Ltd. ( suffering a capital loss in so doing ) . Now Jones has the original assets ...
... surplus to B Co. Ltd .; B Co. Ltd. passes on to Jones $ 999,000 out of the assets so received , paying off the debt to Jones ; B Co. Ltd. winds up A Co. Ltd. ( suffering a capital loss in so doing ) . Now Jones has the original assets ...
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allowed amendments amount appellant's assets Bank benefit Bill British British Columbia budget Canada Canadian Tax Canadian Tax Foundation capital cost allowance capital gains claimed Commission Committee corporation deduction Department dividends duties earned economic Edmonton effect employee Estate Tax Exchequer Court exemption expenditures expenses fact federal government Finance firms fiscal Fordham foreign Government of Canada grants Hoover Commission Hudson's Bay Company included Income Tax Act increase industry interest investment Journal land legislation levied loss ment Minister Montreal municipal nil assessment Ontario operation Ottawa paid Parliament payable payments principle problem profits provinces purchase purpose Quebec question re-assessment receipts received resident Revenue rules sales tax Saskatchewan shareholders shares taxable income taxation taxpayer tion Toronto Toronto Toronto trade transaction United United Kingdom Vancouver