Royalty definition covers intellectual property, software, equipment use, technical information and connected services, subject to specified capital gains exclusions.

Royalty includes lump-sum consideration, other than capital gains, for transfer, licensing, use or information relating to intellectual property, scientific or technical knowledge, specified equipment, copyright works and related services. It includes computer software rights irrespective of transfer medium and can apply regardless of payer control, direct use or the location of the relevant right, property or information. Process includes satellite, cable, optic fibre and similar transmission technology. Patent-related royalty excludes capital gains and consideration for sales of products manufactured using patented processes or articles.

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