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In 1982 the Tunngavik Federation of Nunavut (TFN) negotiated the land claims agreement with the federal government. Voting in the Northwest Territories determined the creation of Nunavut with a passing vote of 56%. The TFN and representatives from the federal and territorial governments signed the land claims agreement-in-principle in 1990.
Then, in November 1992, the Nunavut Final Agreement was approved by nearly 85% of Nunavut Inuit. As the final step in this long process, the Nunavut Land Claims Agreement was signed on May 25, 1993 in Iqaluit by the Prime Minister Brian Mulroney and by Paul Quassa, the president of Nunavut Tunngavik Incorporated, which replaced the TFN upon the ...
The need for PILTs arises from Section 125 of the Constitution Act, 1867 which prohibits levels of government from taxing real property owned by federal and provincial governments. [ 5 ] [ 6 ] Federal PILTs were introduced by the Payments in Lieu of Taxes Act of 1985 and PILTs by the Government of Ontario were introduced by the Municipal Tax ...
The reference to 'HUD' in the form's name refers to the Department of Housing and Urban Development. Federal regulations require that unless its use is specifically exempted, either the HUD-1 or the HUD-1A, as appropriate, must be used for all mortgage transactions that are subject to the Real Estate Settlement Procedures Act. Prior to October ...
Generally, "like kind" in terms of real estate, means any property that is classified real estate in any of the 50 U.S. states or Washington, D.C., and in some cases, the U.S. Virgin Islands. Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers".
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In 1993 a Nunavut-wide Inuit vote and the Canadian Parliament ratified the Nunavut Agreement. By April 1, 1999, when the Government of Nunavut and the Nunavut Territory was created, it represented the "largest comprehensive land claim settlement ever reached between a state and its Indigenous Peoples."
Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the buyer; the contract either does not specify a loan or includes provisions ...