N-84Response to Undertaking U-17
7 passages
ection is filed under subsection 93.4(4) or (5) of the Act. 4 (1) The Act is amended by adding the following after section 93.3: Definitions 93.4 (1) The following definitions apply in this section. FABI surplus, of a foreign affiliate (re...
AI summary The text outlines an amendment to the Act, specifically adding definitions under section 93.4. It defines FABI surplus in relation to a foreign affiliate, including specific conditions related to taxable surplus calculations under the Income Tax Regulations.
he subject affiliate’s taxable surplus were amounts that are included in computing the subject affiliate’s net earnings or net loss (as defined in subsection 5907(1) of the Income Tax Regulations) (i) in respect of foreign accrual property...
AI summary The text discusses the calculation of taxable surplus for an affiliate, focusing on foreign accrual property income and its relation to foreign accrual business income. It outlines conditions under which such income is attributable to the affiliate's operations and includes specific definitions and exceptions.
ductible 248(1), but does not include a natural person or a part- par l’effet de la division 95(2)f.11)(ii)(D)) nership. (contribuable) sur le total des sommes dont chacune re- présente : transaction includes an arrangement or event. (opér...
AI summary The text outlines definitions related to tax regulations, including terms such as 'transaction,' 'transferred capacity,' and provisions under subsection 95(2)f.11)(ii)(D). It discusses revenue from interests and financing of affiliated companies and sums included under specific tax subdivisions.
2 the foreign affiliate’s relevant affiliate écrit en vertu de la présente division selon les interest and financing expenses (as de- modalités réglementaires, fined in subsection 18.2(1)) (determined without regard to this clause and subs...
AI summary The text outlines specific financial calculations related to a foreign affiliate's interest and financing expenses, as well as foreign accrual property losses, under a regulatory framework. These calculations are determined without regard to certain subsections of the Income Tax Regulations.
3 les dépenses d’intérêts et de finance- (determined without regard to this clause, ment de la société affiliée pertinentes clause (D) and subsection 18.2(19)) for the (au sens du paragraphe 18.2(1)) de la socié- taxation year, and té étra...
AI summary The text outlines the determination of interest and finance expenses of a foreign affiliate, excluding specific provisions, and references the foreign affiliate's foreign accrual property loss or income for the taxation year.
his sec- 127.47 (1) Les définitions qui suivent s’appliquent au tion. présent article. at-risk amount has the meaning assigned by subsection commanditaire S’entend au sens du paragraphe 96(2.4) 96(2.2). (fraction à risques) compte non tenu...
AI summary This text defines key terms related to financial provisions and legal structures, including 'at-risk amount' and 'clean economy allocation provision,' within the context of regulatory or legal proceedings.
transactions that oc- (2) Le paragraphe (1) s’applique aux opérations cur after 2023. se produisant après 2023. 54 (1) Subparagraph (a)(iii) of the description of 54 (1) Le sous-alinéa a)(iii) de l’élément I de la I in subsection 204.2(1.2...
AI summary This text outlines legislative changes related to financial transactions and definitions under a specific Act, particularly focusing on amendments to subsections and the effective date of these changes starting April 1, 2023.