Topic:"Income Tax Act" in M12394

s not a non-resident of Canada for the purposes of the Income Tax Act , and undertakes to advise Nalcor of any change in its residency status." The following provision is added as a new Section 9.7: - "9.7 Additional Tax Disclosure . Notwi...

AI summary The document adds new sections 9.7 and 9.8 to an agreement, requiring parties to disclose tax-related information, including HST and residency status under the Income Tax Act, and to notify each other of any material changes related to these matters.

aken but rather shall be determined based upon the consistency of the practices, methods or acts when undertaken with the standard set forth in the first two sentences of this definition at such time; " HST " means all amounts exigible pur...

AI summary The text defines several key terms, including 'Confidential Information,' 'HST,' 'Income Tax Act,' 'Indemnified Party,' 'Indemnitor,' 'In-Service Date,' and 'Insolvency Event,' providing clarity on their meanings and implications within the regulatory context.