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  3. Law: Contract(s)

fractionnement théorique

English translation: notional splitting

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:fractionnement théorique
English translation:notional splitting
Entered by: NancyLynn

21:12 Jun 8, 2017
French to English translations [PRO]
Bus/Financial - Law: Contract(s) / français canadien
French term or phrase: fractionnement théorique
Pour tout Exercice de la Société en commandite au cours duquel des Parts seront Transférées ou acquises (cet Exercice étant appelé l’Année de fractionnement théorique et le moment du Transfert ou de l’acquisition de Parts, selon le cas, étant appelé la Date de fractionnement), toutes les attributions ou répartitions mentionnées dans le présent paragraphe devront être effectuées pour cet Exercice (dans la mesure où ce sera permis par la Loi de l’impôt) comme si la Société en commandite avait les Exercices suivants, pour lesquels les attributions ou répartitions étaient calculées séparément conformément au présent paragraphe :
i) un Exercice commençant au début de l’Année de fractionnement théorique et se terminant immédiatement avant la Date de fractionnement, pour lequel le montant pertinent sera attribué en fonction du nombre de Parts détenues immédiatement avant la Date de fractionnement; et
ii) un Exercice commençant à la Date de fractionnement et se terminant à la fin de l’Année de fractionnement théorique, pour lequel les montants pertinents seront attribués en fonction du nombre de Parts détenues à la fin de l’Année de fractionnement théorique.
NancyLynn
Canada
Local time: 00:22
notional splitting
Explanation:
See French/English docs below.

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Note added at 17 mins (2017-06-08 21:29:42 GMT)
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The example is for personal tax, but the concept seems to be the same.
Selected response from:

Mark Nathan
France
Local time: 06:22
Grading comment
Great, thanks Mark!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +5notional splitting
Mark Nathan
5Theoretical fractionation
C. MASKA


  

Answers


16 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +5
notional splitting


Explanation:
See French/English docs below.

--------------------------------------------------
Note added at 17 mins (2017-06-08 21:29:42 GMT)
--------------------------------------------------

The example is for personal tax, but the concept seems to be the same.


    https://www.cibc.com/ca/pdf/features/taxtips-en.pdf
    https://www.cibc.com/ca/pdf/features/taxtips-fr.pdf
Mark Nathan
France
Local time: 06:22
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 107
Grading comment
Great, thanks Mark!

Peer comments on this answer (and responses from the answerer)
agree  Jennifer Levey
25 mins
agree  mrrafe: I've seen notional used this way but not in EN US. In US tax regulations, I would more likely expect "imputed" or "allocated". Notion in US EN is mildly disparaging, as when one's brief is discussing an opponent's argument, and notional is rarely seen.
56 mins
agree  AllegroTrans: well I think we can assume this is for Canada and not US
1 hr
agree  Yvonne Gallagher
1 hr
agree  writeaway: good refs
8 hrs
Login to enter a peer comment (or grade)

1 day 3 hrs   confidence: Answerer confidence 5/5
Theoretical fractionation


Explanation:
Makes sense

C. MASKA
France
Local time: 06:22
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench
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