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Current CRA website

T5 information return

Forms and publications Guide T4015, T5 Guide Return of Investment Income Form T5, Statement of Investment Income (slip) Form T5SUM, Return of Investment Income Page details Date modified: 2025-01-07 ...
Current CRA website

Sustainable Development Strategy 2004-2007

Sustainable Development Strategy 2004-2007 Previous page SD Champions Director Sustainable Development Sustainable Development Unit Environmental Management System Unit Environmental Operations (Unit Facilities) SD Network (Branch/Regional Representatives & Coordinators) National EMS Committee (Branches and Regions) SD Network and EMS Committee Contacts SD Committees (Branches and Regions) EMS Subcommittees SD Subcommittees (Branches and Regions) CRA Employees Previous page Page details Date modified: 2017-06-22 ...
Current CRA website

Tax Gap in Canada: A Conceptual Study

Tax Gap in Canada: A Conceptual Study Next page Table of Contents Minister's Message Executive Summary Chapter 1 Introduction Chapter 2 The Tax Gap Definition and Conceptual Issues Chapter 3 What Do Other Countries Do? ...
Current CRA website

Benefit for motor vehicles not defined as an automobile

For more information, go to paragraph 23 in Archived Interpretation Bulletin IT-63R5, Benefits, Including Standby Charge for an Automobile, from the Personal Use of a Motor Vehicle Supplied by an Employer After 1992. ... For examples of situations where transportation to and from home is considered a taxable benefit, go to Examples Transportation to and from home. Forms and publications Archived Interpretation Bulletin IT63R, Benefits, Including Standby Charge for an automobile, from the Personal Use of a Motor Vehicle Supplied by an Employer After 1992. ...
Current CRA website

Detailed information for TurboTax

Does not support Form T1273-AgriStability / AgriInvest Programs Does not support prior year returns Support: https://turbotax.community.intuit.ca/tax-help Please note that this information was provided by the software developer. ... Does not support Form T1273-AgriStability / AgriInvest Programs Exclusions for all products for the 2015 tax year: Excluded province: Québec Does not support Form T1135- Foreign Income Verification Statement. Does not support Form T1273-AgriStability / AgriInvest Programs Does not support prior year returns Support: https://turbotax.community.intuit.ca/tax-help Please note that this information was provided by the software developer. ...
Current CRA website

Compliance Bulletin No. 1

Furthermore, plan members might have to pay a 1 % tax on their RRSP overcontributions for every month they are left in the plan. ... Furthermore, the plan member may have to pay a 1 % per month tax on the excess amount left in the RRSP. ... First, the subscriber may have to pay a 1 % tax on the overcontribution for each month the amount is in the plan. ...
Current CRA website

What to report and what not to report on T4 slips

You have to fill out a T4 slips to report the following: salary or wages (including pay in lieu of termination notice) tips or gratuities bonuses vacation pay income in certain situations, such as barbers and hairdressers, taxi drivers and drivers of other passenger-carrying vehicles, fishing income, Indians, and placement or employment agency workers gross and insurable earnings of self-employed fishers employment commissions taxable benefits or allowances retiring allowances payments from a wage loss replacement plan either paid directly by you or paid by a third party on your behalf included in box 14 Employment income (see Step 6a on page 12 for more information) any other remuneration included in box 14 Employment income (go to Step 6a) You must also file a T4 slip if any of the following apply: pension adjustment (PA) amounts for employees who accrued a benefit for the year under your registered pension plan (RPP) or deferred profit sharing plan (DPSP) you were required to deduct Canada pension plan (CPP), Quebec pension plan (QPP) contributions, Employment insurance (EI) premiums, Provincial parental insurance plan (PPIP) premiums, or income tax from the remuneration the remuneration is more than $500 if you provide current employees with taxable group term life insurance benefits, you must report the amounts on a T4 slip, even if the total of all remuneration paid in the calendar year is less than $500 You have to report income on a T4 slip for the year during which it was paid, regardless of when the services are performed, or if the employee is deceased. ... References Acts ITA: 150(1) Filing returns of income general rule ITA: 153(1) Withholding ITA: 162(1) Failure to file return of income ITA: 162(2) Repeated failure to file ITA: 162(5) Failure to provide information on form ITA: 162(7) Failure to comply ITA: 163(1) Repeated failure to report income ITA: 163(2) False statements or omissions ITA: 163.2(1) Misrepresentation of a Tax Matter by a Third Party ITA Regulations: 200(1) Remuneration and Benefits ITA Regulations: 200(2)-(6) Remuneration and Benefits ITA Regulations: 202(1) Payments to Non-Residents ITA Regulations: 238 Reporting of Payments in Respect of Construction Activities CPPA: 8 Contributions by Employees and Employers in respect of Pensionable Employment CPPA: 21(1) Amount to be deducted and remitted by employer CPPA: 21(2) Liability for failure to deduct and remit CPP Regulations: 10(1) Filing of Employer’s Returns CPP Regulations: 13(1) Distribution of Employee’s Portion of Return CPP Regulations: 14 Penalties EIA: 82(1) Deduction and payment of premiums EIA: 82(4) Liability for failure to deduct IECPR: 11(1) Filing of Employer’s Returns IECPR: 14(1) Distribution of Insured Person’s Portion of Return IECPR: 15 Penalties Page details Date modified: 2022-12-28 ...
Current CRA website

EDN59 Cigarette Inventory Tax on April 1, 2019

These offices are listed at Contact Information Excise Duties, Excise Taxes, Fuel Charge and Air Travellers Security Charge. ... Persons who hold more than 30,000 cigarettes MUST file the 2019 version of Form B273, Excise Return Cigarette Inventory Tax, and pay the cigarette inventory tax. ... To make a general or technical enquiry on excise duties or request a ruling or interpretation related to excise duties, go to Contact Information Excise Duties, Excise Taxes, Fuel Charge and Air Travellers Security Charge. ...
Current CRA website

Correct your taxes with the Voluntary Disclosures Program

Some examples of the types of applications that are typically eligible for relief under IC00-1R6 are: omitted or underreported income; expenses claimed in error; failure to remit source deductions for employees (for example Canada Pension Plan / Quebec Pension Plan deductions), and; failure to file an information return (for example T1135 Foreign Income Verification Statement). ... To speak with a CRA official, please contact General Inquiries: Individuals (Canada and the United States): 1-800-959-8281 Businesses (Canada and the United States): 1-800-959-5525 For all other telephone numbers, go to: Telephone numbers Canada Revenue Agency. ... After submitting the document(s), make sure to save the case/reference number we give you on the “Submit documents confirmation” page for your records. ...
Current CRA website

Tax software and EFILE for the CVITP

Why you need to use the tax software for CVITP The UFile CVITP software includes a customized Authorization request signature page, which is submitted electronically to the CRA through the software. ... You will be able to access the taxpayer's information and use the Auto-fill my return service until 11:59 pm (EST) on the day the Authorization request signature page is submitted. Auto-fill my return procedure Using the UFile CVITP software, submit the Authorization request signature page Print this page and ask the taxpayer to sign it and keep it for their records along with the TIS60, Community Volunteer Income Tax Program Taxpayer Authorization form EFILE procedures Fill out Section II of form TIS60, Taxpayer Authorization, before you transmit the return (do not fill out form T183, Information Return for Electronic Filing of an Individual’s Income Tax and Benefit Return) Transmit the return within 48 hours of preparing it record the document control number in Part F of Form TIS60 Log in to your EFILE account to verify that the return was successfully transmitted and accepted Format your USB drive no later than 48 hours after the CRA has accepted the return If the EFILE transmission or retransmission is not successful, give a paper copy of the return to the taxpayer and ask them to mail it to the CRA. ...

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