Search - "Contribution of Property"

Specifically, the Proposals provide that the reasonableness of an amount will be evaluated based on one or more of the following criteria: Labour Contribution: the work performed by the individual in support of the Related Business before the amounts became paid; Property Contribution: the property contributed by the individual in support of the Related Business; Risk Incurred: the risks assumed by the individual in respect of the Related Business; Historical Payments: the total amounts paid by any person or partnership to or for the benefit of the individual in respect of the Related Business; and Such other factors that may be relevant. ...

Tax shelter identification number Applying for a tax shelter identification number Providing a tax shelter identification number Identifying tax shelter participants Form T5001, Application for Tax Shelter Identification Number and Undertaking to Keep Books and Records How to complete Form T5001 Section A – Identification information Section B – Tax shelter information Section C – Gifting arrangement information Section D – Other promoter information Section E – Financing information Section F – Entitlements to amounts or benefits Section G – Security deposit, investment, and insurance policy information Section H – Trust information Section I – Purchase and sale information Section J – Valuation and appraisal information Section K – Promotional and other information Section L – Outstanding items Section M – Summary of arrangements Section N – Undertaking to keep books and records Section O – Certification Where to send completed Form T5001 Penalties False or misleading information Failing to file a return Misrepresentation of a tax matter by a third party Failing to provide the tax shelter identification number Providing an incorrect tax shelter identification number Appendix A – Definitions Limited-recourse amounts in respect of a tax shelter Limited-recourse debt in respect of a gift or monetary contribution Property Third-party civil penalty For more information General information What is a tax shelter? ... Generally, a gifting arrangement is any arrangement under which it may reasonably be considered, based on statements or representations made or proposed to be made in connection with the arrangement, that a person entering into the arrangement would: make a gift to a qualified donee, or make a political contribution, of property acquired by the person under the arrangement; or incur a limited-recourse debt that can reasonably be considered to relate to a gift to a qualified donee or a political contribution. ...

Tax shelter identification number Applying for a tax shelter identification number Providing a tax shelter identification number Identifying tax shelter participants Form T5001, Application for Tax Shelter Identification Number and Undertaking to Keep Books and Records How to complete Form T5001 Section A – Identification information Section B – Tax shelter information Section C – Gifting arrangement information Section D – Other promoter information Section E – Financing information Section F – Entitlements to amounts or benefits Section G – Security deposit, investment, and insurance policy information Section H – Trust information Section I – Purchase and sale information Section J – Valuation and appraisal information Section K – Promotional and other information Section L – Outstanding items Section M – Summary of arrangements Section N – Undertaking to keep books and records Section O – Certification Where to send completed Form T5001 Penalties False or misleading information Failing to file a return Misrepresentation of a tax matter by a third party Failing to provide the tax shelter identification number Providing an incorrect tax shelter identification number Appendix A – Definitions Limited-recourse amounts in respect of a tax shelter Limited-recourse debt in respect of a gift or monetary contribution Property Third-party civil penalty For more information General information What is a tax shelter? ... Generally, a gifting arrangement is any arrangement under which it may reasonably be considered, based on statements or representations made or proposed to be made in connection with the arrangement, that a person entering into the arrangement would: make a gift to a qualified donee, or make a political contribution, of property acquired by the person under the arrangement; or incur a limited-recourse debt that can reasonably be considered to relate to a gift to a qualified donee or a political contribution. ...

Tax shelter identification number Applying for a tax shelter identification number Providing a tax shelter identification number Identifying tax shelter participants Form T5001, Application for Tax Shelter Identification Number and Undertaking to Keep Books and Records How to complete Form T5001 Section A – Identification information Section B – Tax shelter information Section C – Gifting arrangement information Section D – Other promoter information Section E – Financing information Section F – Entitlements to amounts or benefits Section G – Security deposit, investment, and insurance policy information Section H – Trust information Section I – Purchase and sale information Section J – Valuation and appraisal information Section K – Promotional and other information Section L – Outstanding items Section M – Summary of arrangements Section N – Undertaking to keep books and records Section O – Certification Where to send completed Form T5001 Penalties False or misleading information Failing to file a return Misrepresentation of a tax matter by a third party Failing to provide the tax shelter identification number Providing an incorrect tax shelter identification number Appendix A – Definitions Limited-recourse amounts in respect of a tax shelter Limited-recourse debt in respect of a gift or monetary contribution Property Third-party civil penalty For more information General information What is a tax shelter? ... Generally, a gifting arrangement is any arrangement under which it may reasonably be considered, based on statements or representations made or proposed to be made in connection with the arrangement, that a person entering into the arrangement would do one of the following: a) make a gift to a qualified donee, or make a political contribution, of property acquired by the person under the arrangement b) incur a limited-recourse debt that can reasonably be considered to relate to a gift to a qualified donee or a political contribution A political contribution refers to a monetary contribution to a registered party, a registered association, or a candidate as defined in the Canada Elections Act. ...

In general, a gifting arrangement means any arrangement under which it may reasonably be considered, having regard to statements or representations made or proposed to be made in connection with the arrangement, that if a person were to enter into the arrangement, the person would: make a gift to a qualified donee, or a political contribution, of property acquired by the person under the arrangement incur a limited-recourse debt that can reasonably be considered to relate to a gift to a qualified donee or a political contribution Generally, a limited-recourse debt is one where the borrower is not at risk for the repayment. ...

In general, a gifting arrangement means any arrangement under which it may reasonably be considered, having regard to statements or representations made or proposed to be made in connection with the arrangement, that if a person were to enter into the arrangement, the person would: make a gift to a qualified donee, or a political contribution, of property acquired by the person under the arrangement; or incur a limited-recourse debt that can reasonably be considered to relate to a gift to a qualified donee or a political contribution. ...

In general, a gifting arrangement means any arrangement under which it may reasonably be considered, having regard to statements or representations made or proposed to be made in connection with the arrangement, that if a person were to enter into the arrangement, the person would: make a gift to a qualified donee, or a political contribution, of property acquired by the person under the arrangement; or incur a limited-recourse debt that can reasonably be considered to relate to a gift to a qualified donee or a political contribution. ...

In general, a gifting arrangement means any arrangement under which it may reasonably be considered, having regard to statements or representations made or proposed to be made in connection with the arrangement, that if a person were to enter into the arrangement, the person would: make a gift to a qualified donee, or a political contribution, of property acquired by the person under the arrangement incur a limited-recourse debt that can reasonably be considered to relate to a gift to a qualified donee or a political contribution Generally, a limited-recourse debt is one where the borrower is not at risk for the repayment. ...