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TCC

Mony v. The King, 2022 TCC 120

[OFFICIAL ENGLISH TRANSLATION]   Appeal heard on May 25 and 26, 2022 at Québec, Quebec. ... Translation certified true on this 5 tht day of June 2024. François Brunet, Revisor   Citation: 2022 TCC 120 Date: 20221027 Docket: 2019-2585(IT)G BETWEEN: CHARLES MONY, Appellant, and HIS MAJESTY THE KING, Respondent.   ... The appellant realized a capital gain of $984,486, computed as follows: PD ACB = Capital gain $985,728 $1,242 = $984,486 (28) Prior to the application of subsection 47(1) of the ITA, the tax consequences of the disposal of Ms. ...
Current CRA website

Biographies for the Board of Management

Prior to that role, and over 25 years, Mary occupied several senior roles at Wawanesa Insurance, including Senior Vice President & Chief Risk Officer, and Vice President & Chief Operating Officer, Wawanesa Life. ... She is currently a board member and Finance/Risk Committee Chair at Digital Public Square, and a board member and Finance & Administration Committee Chair at United Way Winnipeg. ... Prior to his position as Auditor General, he was a partner with the firm MacIsaac & Younker in Charlottetown, for over 20 years. ...
Current CRA website

Supplier Integrity Directive

Supplier Integrity Directive Version number: 3.0 Version date: November 8, 2024 Upon request, this corporate policy instrument (CPI) is available in multiple formats for individuals with a visual impairment (send an email to Multiple Media-PAB). ... Appendix 2: Grounds Ineligibility/Suspension Lists the grounds for which a supplier may become ineligible for suspended. ... Enquiries 9.1 Employees are to direct questions about this directive to the FAB AD Compliance and Policy / DGFA DA conformité et politique (CRA/ARC) mailbox. 9.2 Suppliers must direct questions about this directive to the responsible Contracting Authority. 10. ...
Current CRA website

Determine the province of employment (POE)

This change is effective on January 1, 2024 and is identified with the tag New CRA administrative policy. ... Learn more: Source Deductions and Employer Contributions | Revenu Québec. ...
Current CRA website

Watch your limit when contributing to your Tax-Free Savings Account

In 2024, Alexis begins the year with a TFSA contribution room of $7,000, but does not make further contributions. ... In April 2024, she withdraws $50,000 from her TFSA and contributes it to a new TFSA. ... In 2024, Twyla makes a $7,000 contribution (the annual TFSA dollar limit for 2024). ...
Current CRA website

Processing times and complexity levels - Income tax and GST/HST objections

There are three levels of complexity for objections low, medium, and high. ... The majority of low complexity income tax objections now being assigned to an appeals officer were received in October 2024. ... The majority of low complexity GST/HST objections now being assigned to an appeals officer were received in September 2024. ...
Technical Interpretation - External

31 January 2025 External T.I. 2024-1024421E5 - Registered charities and 149(1)(l)

XXXXXXXXXX 2024-102442 Karri Lea Estabrooks January 31, 2025 Dear XXXXXXXXXX: Re: Registered charities and non-profit organizations filing requirements We are writing in response to your correspondence of June 24, 2024, where you requested our comments on the filing requirements for a registered charity and non-profit organization in the following described situation. ...
Current CRA website

The Continuation of GST/HST Relief for Tla’amin Citizens

The Continuation of GST/HST Relief for Tla’amin Citizens From: Canada Revenue Agency GST/HST Notices Notice 328 March 2024 This notice explains that the GST/HST relief described in GST/HST Technical Information Bulletin B-039, GST/HST Administrative Policy Application of the GST/HST to Indians, continues to apply to Tla’amin Citizens, provided that all of the conditions are met. ... If you are uncertain as to whether a supply is made in a participating province, refer to GST/HST Technical Information Bulletin B-103, Harmonized Sales Tax Place of Supply Rules for Determining Whether a Supply is Made in a Province. ... Under the Agreement, a Tla’amin Citizen who is registered under the Indian Act was entitled to relief from the GST/HST up to and including April 30, 2024. ...
Current CRA website

Relief of poverty and charitable registration

To determine whether person or household is eligible for affordable housing in a particular community or area, a charity can use provincial, or municipal criteria that are consistent with Government of Canada funded affordable housing programs across Canada, such as: Quebec core need income threshold British Columbia housing income limits Alberta income thresholds Toronto rent-geared-to-income-housing Examples of criteria that are consistent with Government of Canada funded affordable housing programs across Canada For a household requiring three-bedroom accommodation, the following are consistent with Government of Canada funded affordable housing programs across Canada: Community or area Year Income threshold Vancouver 2023 $86,000 Calgary 2024 $76,000 Whitecourt 2023 $52,000 Toronto 2024 $79,000 Montreal 2024 $56,000 Halifax 2024 $67,500 23. ... Inland Revenue Commissioners v Baddeley 1955 AC 572 (HL) [Baddeley], at page 585, per Viscount Simonds: [...] relief connotes need of some sort, either need for a home or for the means to provide for some necessity or quasi-necessity [...]” ... See the following: Re Scarisbrick’s Will Trusts, Cockshott v Public Trustee 1951 1 Ch 622(CA), at page 655, per Jenkins LJ: [...] the true question in each case has really been whether the gift was for the relief of poverty among a class of persons, or rather [...] was merely a gift to individuals, albeit with relief of poverty amongst those individuals as the motive of the gift [...] ...
Current CRA website

The deadline for self-employed individuals to file their 2023 income tax and benefit return is approaching

Since June 15, 2024 falls on a Saturday, you will be considered to have filed on time if we receive your return on or before June 17, 2024. ... Payments Although your tax-filing deadline is June 15, 2024, your payment was due on April 30, 2024. ... This service lets you make payments to the CRA with your Visa® Debit, Debit MasterCard®, or Interac ® Online card from a participating financial institution. ...

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