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Current CRA website

Farming Income and the AgriStability and AgriInvest Programs Guide – Chapter 5 – Farm losses

Farming Income and the AgriStability and AgriInvest Programs Guide Chapter 5 Farm losses On this page… Fully deductible farm losses Restricted farm losses (partly deductible) Non-deductible farm losses Non-capital losses When your farming business expenses are more than your farming business income in a year, you have a net loss. However, before you can calculate your net farm loss for the year, you may have to increase or decrease the loss by certain adjustments explained in Line 9941 Optional inventory adjustment current year and Line 9942 Mandatory inventory adjustment current year. ... The part of Sharon's net farm loss that she can deduct from her other income in 2024 is either amount A or amount B, whichever is less: $9,200 $2,500 plus 50% × ($9,200 $2,500) $2,500 plus 50% × $6,700 Therefore, B = ($2,500 + $3,350) = $5,850. ...
GST/HST Ruling

21 January 2021 GST/HST Ruling 206102 - – [Supplies made by a Charity] […]

[Y] is not a public institution and meets the definition of charity found in subsection 123(1) of the Excise Tax Act. 10. […][Program A] is offered [by X] at [the Venue] an average of […] times per year […], each with a duration of […] days. 11. ... The invoices [issued by Y to X] provide the following breakdown per element: Single room occupancy (# of rooms x # of nights x rate) Double room occupancy (# of rooms x # of nights x rate) Breakfast (catered) (# of participants x rate x number of days) Lunch (catered) (# of participants x rate x number of days) Dinner (catered) (# of participants x rate x number of days) Catered boxed lunch (for off-site excursions) (# of participants x rate) […][Transportation] […] (charged by the hour) […][Activity A] (reserved afternoon seating @ $[…] per person) 16. […] was used for transporting participants to off-site locations […]. 17. ... Both time slots offer […][the same beverage, snack and entertainment]. […] [Time slot 2] also includes a copy of a book […]. 18. ...
T_Rev_B decision

Allied Vegetable Farms (Kingsville) Ltd, Edward Remark & Sons LTD and Frank Remark & Son LTD v. Minister of National Revenue, [1972] CTC 2264, 72 DTC 1230

Allied Vegetable Farms (Kingsville) Ltd, Edward Remark & Sons LTD and Frank Remark & Son LTD v. ...
Conference

16 June 2014 STEP Roundtable, 2014-0526591C6 - STEP CRA Roundtable – June 2014 – Question 9

16 June 2014 STEP Roundtable, 2014-0526591C6- STEP CRA Roundtable – June 2014 – Question 9 CRA Tags 156 Principal Issues: Whether the CRA will continue with its practice of not assessing interest and penalties where an inter vivos trust does not make instalment payments as required under section 156. ... STEP CRA Roundtable – June 2014 QUESTION 9. Interest and Penalties on Deficient Instalments of Inter Vivos Trusts In response to question 20 at the 2010 STEP Canada National Conference, the CRA noted that under the current administrative policy, the CRA does not assess installment interest and penalties where an inter vivos trust does not make installment payments required under section 156. ...
Scraped CRA Website

EDN29 – Tobacco Stamping Regime – Excise Stamp Order Process

EDN29 Tobacco Stamping Regime Excise Stamp Order Process March 2011 The information in this notice does not replace the law found in the Excise Act, 2001 and its regulations and is provided for your reference and convenience only. ... The stamps are available in the following denominations: Cigarettes 20 units Cigarettes 25 units Cigarettes 200 units Tobacco 50 grams Tobacco 100 grams Tobacco 150 grams Tobacco 200 grams Tobacco 250 grams Tobacco 400 grams Cigars Raw leaf Note: Tobacco sticks will also require the above cigarette stamp denominations. ... In accordance with the publicly awarded contract to design, manufacture and distribute the excise stamp, the firm unit price of the excise stamp is as follows: September 1, 2010 to March 31, 2014 $0.00592 April 1, 2014 to March 31, 2015 $0.00622 April 1, 2015 to March 31, 2016 $0.00641 April 1, 2016 to March 31, 2017 $0.00660 April 1, 2017 to March 31, 2018 $0.00680 All technical publications related to the Excise Act, 2001 and regulations are available on the CRA Web site at www.cra.gc.ca/exciseduty, under the title "Excise Act, 2001 Technical Information". ...
Miscellaneous severed letter

6 August 1980 Income Tax Severed Letter RRRR15 - Foreign affiliates — paragraph 95(1)(b) — foreign accrual property income LA 5600-1

6 August 1980 Income Tax Severed Letter RRRR15- Foreign affiliates paragraph 95(1)(b) foreign accrual property income LA 5600-1 Unedited CRA Tags 95(1)(b), 91(1) This is in response to your enquiry of July 22, 1980 concerning the amount that is to be used as the capital cost, when claiming capital cost allowance on property that was owned prior to 1972, in calculating foreign accrual property income as defined in paragraph 95(1)(b) of the Income Tax Act for purposes of subsection 91(1) of the Act. ...
Miscellaneous severed letter

6 August 1980 Income Tax Severed Letter RRRR16 - Foreign affiliates — paragraph 95(1)(b) — foreign accrual property income LA 5600-1

6 August 1980 Income Tax Severed Letter RRRR16- Foreign affiliates paragraph 95(1)(b) foreign accrual property income LA 5600-1 Unedited CRA Tags 95(1)(b), 91(1) This is in response to your enquiry of July 22, 1980 concerning the amount that is to be used as the capital cost, when claiming capital cost allowance on property that was owned prior to 1972, in calculating foreign accrual property income as defined in paragraph 95(1)(b) of the Income Tax Act for purposes of subsection 91(1) of the Act. ...
GST/HST Ruling

21 June 2013 GST/HST Ruling 139590 - Supply of [...] [Clothing specially designed for use by an Individual with a Disability] [-] [the Products]

(the "Corporation") is a company located in [...] [Participating Province X] [...] that is supplying [the Products]. 2. ... [The Products] are [...] made from [...] [describes product design characteristics and function] 4. ... [types] of [the Product]: [...] 7. [The Product] [types] contain [...] ...
Conference

3 May 2022 CALU Roundtable Q. 10, 2022-0928901C6 - 2022 CALU – Q10 – Private Health Services Plan

3 May 2022 CALU Roundtable Q. 10, 2022-0928901C6- 2022 CALU Q10 Private Health Services Plan Unedited CRA Tags 6(1)(a), 248(1) “private health services plan” Principal Issues: Whether a health spending account established for a sole employee-shareholder can qualify as a private health services plan. ... CALU Roundtable May 2022 Question 10 Private Health Services Plans Background An employer can offer its employees a Private Health Services Plan (PHSP) that takes the form of a Health Spending Account (HSA), also known as a cost-plus plan. ...
BCSC decision

In Re: Succession Duty Act >>in Re : Fisher Estate, [1949] CTC 42

The Succession Duty Department of the province has notified her that it proposes to value the interest of the deceased in this income at $156,666.60, arrived at as follows: ‘* Valuation of Deceased’s interest one-third of annual rental based on the age of the youngest life tenant, age 30—10,000 x 17.4074 $174,074.00 "‘Less overall allowance of 10% to cover all contingencies outlined in Mr. ... Although the proposition put to me is that I should value ‘‘the particular future estate with which this application deals, it is suggested that 4 it is the existence of the interest in question as one of the items of property vested in the deceased at the time of her death that raises the first difficulty’’. ...

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