Words and Phrases - "licence"

a
90
b
44
c
86
d
57
e
43
f
31
g
20
h
15
i
77
j
2
k
2
l
32
m
58
n
29
o
41
p
82
q
3
r
78
s
95
t
47
u
16
v
10
w
23
y
2

P-062 “Distinction Between Lease, License and Similar Arrangements” 25 May 1993

Summary Under
Tax Topics - Excise Tax Act - Section 123 - Subsection 123(1) - Residential Complex

Lease confers exclusive possession

In the common law provinces, it has generally been determined that a lease normally confers exclusive possession, while a licence of real property normally would not.

Words and Phrases
lease licence

3 February 2015 External T.I. 2014-0531601E5 - OPSTC - "tangible property that is leased"

Summary Under
Tax Topics - Other Legislation/Constitution - Ontario - Taxation Act 2007 - Section 92 - Subsection 92(5.6)
licence not a lease

In finding that a "lease cost" did not include amounts payable under a licence of property (i.e., exclusive possession of the property was not given), CRA cited Will-Kare for the proposition that "the concepts of a sale or a lease have settled legal definitions."

Words and Phrases
licence