Translation of "parts de tiers aux revenus de la confédération " (French → English) :

third parties' share in federal income

16. Notwithstanding the provisions of paragraph 6 of Article X and of paragraph 15 of this Protocol, where a resident of Canada controls, directly or indirectly, alone or together with members of a related group or together with not more than four other residents of Canada, a company which is a resident of Brazil and in which he holds an equity percentage of at least 10 per cent, such resident may be subject to tax in Canada on his proportionate share of the aggregate of the company’s net income for any taxation year from property and businesses other than active businesses and the company’s net taxable capital gains for any taxation yea ...[+++]r from the alienation of property other than property used for active business purposes; for the purposes of this provision, any income from a source in a country other than Canada which pertains to or is incident to an active business carried on in a country other than Canada shall be deemed to be income from an active business.

Senator Goldstein: If one third in value of the fund is not a tax exempt vehicle and two thirds are tax exempt vehicles, can you not say that, with respect to that particular mutual fund, the one third of the revenue and income resulting there from which is ascribable to the non-exempt fund is taxable and the two thirds are not?

We're accountable to the taxpayers because we guarantee it, but on the other hand, two-thirds of the board are from the farmers and the producers.

The third bullet—on exploring alternative measures to assist sponsors who are unable to meet income requirements—gives us the flexibility to explore possibilities of allowing for guarantees on sponsorship, for example, from third parties.