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Miscellaneous severed letter
16 May 1983 Income Tax Severed Letter 7-2462 - [Part XII of the Income Tax Regulations ("ITR") — Royalty Trusts — Reporting of resource income and allowances]
16 May 1983 Income Tax Severed Letter 7-2462- [Part XII of the Income Tax Regulations ("ITR") — Royalty Trusts — Reporting of resource income and allowances] DATE: May 16, 1983 TO- COMPLIANCE DIRECTORATE Audit Programs Division FROM- CORPORATE RULINGS DIRECTORATE J.C. ... Chief Mines, Oil & Forest Industries Section Specialty Corporations Rulings Division Corporate Rulings Directorate Legislation Branch Attachment ...
Current CRA website
Statement of account for current source deductions – Accelerated remitters – PD7A(TM)
Get ready to remit (pay) Types of remitters When to remit (pay) Get ready to remit (pay) Statement of account for current source deductions – Regular and quarterly remitters – PD7A Statement of account for current source deductions –Accelerated remitters – PD7A(TM) Remittance voucher booklets for accelerated remitters – PD7A-RB Remittance voucher for Payment on Filing (PoF) Source Deductions – PD7R Request for tax deductions, CPP and EI information if you remit late – PD1114 Statement of account and partial payment for arrears balance remittance voucher – PD7D(AR) Statement of account and payment on existing balance remittance voucher – PD7D(X) How to remit (pay) Confirm your remittance (payment) and view statements Make corrections after you remit (pay) Statement of account for current source deductions – Accelerated remitters – PD7A(TM) On this page What is a PD7A(TM) How often is a PD7A(TM) sent What to do if you received a PD7A(TM) What is a PD7A(TM) The PD7A(TM) is sent to accelerated remitters. ... Learn more and view the sample: PD7A(TM) – Statement of account for current source deductions. ...
Current CRA website
Chapter 20 - 8517 – Transfer – Defined Benefit to Money Purchase
Chapter 20- 8517 – Transfer – Defined Benefit to Money Purchase On this page... 20.1 8517(1) – Prescribed Amount 20.2 8517(2) – Minimum Prescribed Amount 20.3 8517(3), (3.001), (3.01), (3.02) – Underfunded Pension 20.4 8517(3.1) – Benefits Provided with Surplus on Wind-up 20.5 8517(4) – Amounts of Lifetime Retirement Benefits Commuted 20.6 8517(5) – Normalized Pension 20.1 8517(1) – Prescribed Amount The prescribed amount is a maximum that limits the amount that may be transferred to an RRSP, RRIF, or MP provision from a DB provision of an RPP under subsection 147.3(4) of the Act. ... Cross references: Transfer – Defined Benefit to Money Purchase, RRSP or RRIF – 147.3(4) Lump Sum Payments on Termination – 8503(2)(h) Commutation of Benefits – 8503(2)(m) Commutation of LRBs – 8503(7) Newsletter No. 94-2, Technical Questions and Answers 20.2 8517(2) – Minimum Prescribed Amount Subsection 8517(2) of the Regulations allows the greater of the amount determined under subsection 8517(1) and the amount in the member’s net contribution account, as defined in subsection 8503(1), to be transferred on a tax deferred basis. ... Although other methods may be considered to be reasonable, the following is an example of a reasonable method to determine the estimate of the MP offset: MP offset = MP account / Factor MP account = value of the individual's MP account at the time of transfer and Factor = (B x C) / D Where B = applicable present value factor at the time of transfer C = the lump sum value of the individual's total lifetime retirement benefit entitlements before MP offset D = prescribed amount of the individual's total lifetime retirement benefit entitlements before MP offset Other methods will be considered on a case by case basis. 8517(5)(f) Paragraph 8517(5)(f) of the Regulations excludes any additional benefits that might become payable as a consequence of the requirements under the PBSA, or similar law of a province. ...
Current CRA website
Appendix B – Data elements – TFSA return summary
Appendix B – Data elements – TFSA return summary When a monetary value is required you must report the amount in Canadian dollars and cents. ... Summary type code Original = O Amendment = A An amended return cannot contain an original slip. ... Filer name – line 1 If an ampersand (&) is used in the name area, enter as “&.” ...
Current CRA website
Offshore Compliance Advisory Committee – Agenda – February 3, 2017
Offshore Compliance Advisory Committee – Agenda – February 3, 2017 Friday, February 3, 2017 9:00 a.m.- 4:30 p.m. ... Audit Agreement Policy Presentation & roundtable discussion Lisa Anawati / Alexandra MacLean 12:00 7. ... Audit Agreement Policy- continued Roundtable discussion & scenarios All 14:30 9. ...
GST/HST Interpretation
19 May 2017 GST/HST Interpretation 178323 - – […] [Registration of a] Limited Partnership
Section […] of the [LP2] Agreement more specifically explains that [LP1] will make its capital contribution to [LP2] by contributing $[…] cash firstly and fund the remaining balance of its capital contribution of $[…] by way of a set-off of the amount that will be payable on the second closing date by [LP2] to [LP1] pursuant to the […]. 5. ... Subsection […] of the [LP2] Agreement, under the heading […], includes distributions payable by [LP2] to [LP1] of $[…], representing a return of [LP1]’s Capital Contribution in the amount of the cash reimbursement which [LP2] is required to make pursuant to the […] for certain expenses incurred in the course of issuing Partnership interests (such amount hereinafter referred to as the […]). ... Factors to consider include, but are not limited to, the following: * the terms of the partnership agreement; * the nature of the action taken by the partner; and * the partner's ordinary course of conduct. ...
Old website (cra-arc.gc.ca)
Appendix A – Data elements – TFSA individual electronic record
For reporting year 2016, file the individual record under John's name and SIN for TFSA contract 12345, and indicate " N " for no in the " Successor holder account " field. ... Total holder transfer in – Marriage breakdown – Fair market value Enter the total of all transfers in. Report type code Original = O Amendment = A Cancel = C An amended return cannot contain an original slip. ...
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. ...
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". ...