View Single Post
  #17 (permalink)  
Old 01-05-2014, 02:08 PM
FWB's Avatar
FWB FWB is offline
Senior Member
 
Join Date: Dec 2013
Posts: 548
FWB is an unknown quantity at this point
Default

<!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:Compatibility> <w:BreakWrappedTables/> <w:SnapToGridInCell/> <w:WrapTextWithPunct/> <w:UseAsianBreakRules/> <wontGrowAutofit/> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--> Except as otherwise provided in this agreement, neither the husband nor the wife will make a claim to share in any pension of the other, including but not limited to any company pension plans, deferred profit sharing plans, registered retirement savings plans and registered home ownership savings plans.
37. INCOME TAX
(1) Except as otherwise provided in this agreement, the husband covenants and agrees that:
(i) to the best of his knowledge, information and belief, he is not liable for any income tax whatsoever for any calendar or fiscal year (referred to as "year" in this paragraph) ending prior to the date of this agreement;
(ii) he has paid, or will pay when due, all income taxes owing and all instalment payments due for all years, including the year in which a transfer of property to the wife will occur under this agreement or a transfer, direct or indirect, to the wife has occurred prior to this agreement (referred to as "Year of Transfer" or collectively as "Years of Transfer" in this paragraph);
(iii) to pay or to cause to be paid any and all outstanding income taxes for all years up to and including each Year of Transfer; and


(
iv) if the wife, as transferee of property, becomes liable under the Income Tax Act, including liability for income tax of the husband arising under Section 160 of the Income Tax Act, or any property acquired as provided in this <!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:Compatibility> <w:BreakWrappedTables/> <w:SnapToGridInCell/> <w:WrapTextWithPunct/> <w:UseAsianBreakRules/> <wontGrowAutofit/> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--> agreement becomes charged for payment of any income taxes for which the husband was or is liable to pay under the Income Tax Act or any similar federal or provincial statute for Years of Transfer or any prior period, then the husband agrees to indemnify the wife and save her harmless with respect to such income tax liability which may be imposed upon her; provided that the husband will not be liable to indemnify the wife for any income tax liability of the wife arising under Section 160 that has arisen on account of income or taxable capital gains of the wife attributed to the husband by virtue of subsections 74.1(1) or 74.2 of the Income Tax Act for the period after the execution of this agreement.
(2) Except as otherwise provided in this agreement, the wife covenants and agrees that:
(i) to the best of her knowledge, information and belief, she is not liable for any income tax whatsoever for any calendar or fiscal year (referred to as "year" in this paragraph) ending prior to the date of this agreement;
(ii) she has paid, or will pay when due, all income taxes owing and all installment payments due for all years, including the year in which a transfer of property to the husband will occur under this agreement or a transfer, direct or indirect, to the husband has occurred prior to this agreement (referred to as "Year of Transfer" or collectively as "Years of Transfer" in this paragraph);
<!--[if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" LatentStyleCount="156"> </w:LatentStyles> </xml><![endif]--><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} </style> <![endif]--><!--[if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" LatentStyleCount="156"> </w:LatentStyles> </xml><![endif]--><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} </style> <![endif]-->