Source Deductions definition

Source Deductions means amounts deductible by an employer from Source Deductions with respect to income taxes, Canada Pension Plan contributions, or amounts payable as contributions to any health or benefit plan, or such other applicable statutory deductions that may from time to time be applicable;
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Source Deductions means an amount in respect of Taxes (including withholding Taxes) that if not paid (in respect of either of the Companies’ portion) or withheld and remitted (in respect of any other Person’s portion), in accordance with applicable law could give rise to a liability of either of the Companies under subsection 224(1.2) of the Income Tax Act (Canada), the corresponding provisions of the Excise Tax Act (Canada), Canada Pension Plan Act (Canada) or the Employment Insurance Act (Canada), any corresponding laws in respect of Taxes of a Canadian province or Part XIII of the Income Tax Act (Canada).
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Source Deductions means amounts deductible by an employer from Pre-Tax Earnings with respect to income taxes, Canada Pension Plan contributions, Quebec Pension Plan, Quebec Parental Insurance Plan, Employment Insurance contributions or amounts payable as contributions to any health or benefit plan, or such other statutory deductions that may from time to time be applicable;
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Examples of Source Deductions in a sentence

  • The parties acknowledge that as of the date hereof, the Foreign Source Deductions are estimated to be approximately five hundred million US dollars (US$500,000,000) plus any costs or expenses related to the Sale Transactions; provided, however, that for purposes of computing any Excess Foreign Tax Credit, the actual amount of Foreign Source Deductions reflected on Parent’s US Sale Year Return (or such amount as reflects the amount of any subsequent adjustments by the relevant Tax Authorities) shall govern.

  • ICL has withheld and remitted in accordance with, and within the times required by, applicable law all Source Deductions and other withholding Taxes of such Person and has remitted in accordance with, and at the times required by, applicable law all commodity Taxes of such Person including goods and services Taxes, harmonized sales Taxes, retail sales Taxes and Quebec sales Taxes.


More Definitions of Source Deductions

Source Deductions means any amount referred to in subsections 11.09(1)(a) and (b) of the CCAA.
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Related to Source Deductions

  • Agreed Deductions means any deductions the Agency Worker has agreed can be made from their pay;

  • Allowable Deductions , in relation to a mineral, means —

  • Nonrecourse Deductions has the meaning set forth in Section 1.704-2(b)(1) of the Regulations.

  • Member Nonrecourse Deductions has the meaning of “partner nonrecourse deductions” set forth in Treasury Regulations Sections 1.704-2(i)(1) and 1.704-2(i)(2).

  • Partner Nonrecourse Deductions means any and all items of loss, deduction or expenditure (including any expenditure described in Section 705(a)(2)(B) of the Code) that, in accordance with the principles of Treasury Regulation Section 1.704-2(i), are attributable to a Partner Nonrecourse Debt.