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Current CRA website
RRSP, RRIF, RDSP & RESP Non-Qualified Investment Information Return
<NameInitialText></NameInitialText>- 1 alpha- initial of the annuitant/holder/subscriber’s second given name </AnnuitantName> <AnnuitantSocialInsuranceNumber></AnnuitantSocialInsuranceNumber>- Required, 9 numeric- when the annuitant/holder/subscriber has failed to provide a SIN, enter zeroes in the entire field- enter the annuitant/holder/subscriber’s SIN or temporary tax number <AnnuitantAddress> <AddressLine1Text></AddressLine1Text>- 30 alphanumeric- First line of the annuitant/holder/subscriber’s address <AddressLine2Text></AddressLine2Text>- 30 alphanumeric- second line of the annuitant/holder/subscriber’s address <CityName></CityName>- 28 alphanumeric- city in which the annuitant/holder/subscriber is located <ProvinceStateCode></ProvinceStateCode>- 2 alpha- Canadian province or territory in which the annuitant/holder/subscriber is located or the state in the USA where the annuitant/holder/subscriber is located- use the abbreviations listed in the " T619- Electronic media transmittal " under section: Transmitter province or territory code- when the annuitant/holder/subscriber’s country code is neither CAN nor USA, enter ZZ in this field <CountryCode></CountryCode>- 3 alpha- country in which the annuitant/holder/subscriber is located- use the alphabetic country codes as outlined in the International Standard (ISO) 3166 Codes for the Representation of Names of Countries- always use CAN for Canada, and USA for the United States of America <PostalZipCode></PostalZipCode>- 10 alphanumeric- annuitant/holder/subscriber’s Canadian postal code, format: alpha, numeric, alpha, numeric, alpha, numeric, example: A9A9A9- or the annuitant/holder/subscriber’s USA zip code- or where the annuitant/holder/subscriber’s country code is neither CAN nor USA, enter the foreign postal code </AnnuitantAddress> <ContractID> <RRSPOrRRIFNumber></RRSPOrRRIFNumber>- Required, 20 alphanumeric- Registered Retirement Savings Plan, Registered Retirement Income Fund, Registered Disability Savings Plan or Registered Education Savings Plan specimen plan/fund number that was issued by the CRA <RRSPOrRRIFContractNumber></RRSPOrRRIFContractNumber>- Required, 30 alphanumeric- Registered Retirement Savings Plan, Registered Retirement Income Fund, Registered Disability Savings Plan or Registered Education Savings Plan contract number issued by the financial institution </ContractID> <SlipReportTypeCode></SlipReportTypeCode>- Required, 1 alpha- original = O- amendment = A- cancel = C Note: An original return cannot contain an amended or cancelled slip. ... </SlipIdentification> </RRSPOrRRIFNQISlip> <RRSPOrRRIFNQISummary> <FilerAccountNumber></FilerAccountNumber> For original returns:- Required, 15 alphanumeric, 9 digits RZ 4 digits, example 000000000RZ0000- use the account number assigned to file the RRSP contribution receipt filing return with the CRA- if you have not been notified of your number, or you are unsure of your number, contact our Business Enquiries line at 1-800-959-5525 For amended returns:- Required, enter the same account number used in the original filed return <SummaryReportTypeCode></SummaryReportTypeCode>- Required, 1 alpha- original = O- amendment = A Note: An original return cannot contain an amended or a canceled slip. ... <TaxationYear></TaxationYear>- Required, 4 numeric- taxation year reported (e.g., 2011) <TotalSlipCount></TotalSlipCount>- Required, 7 numeric- total number of slips filed with this summary <FilerName> <NameLine1Text ></NameLine1Text>- Required, 35 alphanumeric- first line of filer/issuer/carrier/promoter’s name- if "&" is used in the name area enter as "&" <NameLine2Text ></NameLine2Text>- 35 alphanumeric- second line of filer/issuer/carrier/promoter’s name <NameLine3Text ></NameLine3Text>- 35 alphanumeric- use for "care of" or "attention" </FilerName> <FilerAddress> <AddressLine1Text></AddressLine1Text>- 30 alphanumeric- first line of the filer/issuer/carrier/promoter’s address <AddressLine2Text></AddressLine2Text>- 30 alphanumeric- second line of the filer/issuer/carrier/promoter’s address <CityName></CityName>- 28 alphanumeric- city in which the filer/issuer/carrier/promoter is located <ProvinceStateCode></ProvinceStateCode>- 2 alpha- Canadian province or territory in which the filer/issuer/carrier/promoter is located or the state in the USA where the filer/issuer/carrier/promoter is located- use the abbreviations listed in the " T619- Electronic media transmittal " under section: Transmitter province or territory code- when the filer/issuer/carrier/promoter's country code is neither CAN nor USA, enter ZZ in this field <CountryCode></CountryCode>- 3 alpha- country in which the filer/issuer/carrier/promoter is located- use the alphabetic country codes as outlined in the International Standard (ISO) 3166 Codes for the Representation of Names of Countries- always use CAN for Canada, and USA for the United States of America <PostalZipCode></PostalZipCode>- Require d, 10 alphanumeric- filer/issuer/carrier/promoter’s Canadian postal code, format: alpha, numeric, alpha, numeric, alpha, numeric, example: A9A9A9- or the filer/issuer/carrier/promoter’s USA zip code- or when the filer/issuer/carrier/promoter’s country code is neither CAN nor USA, enter the foreign postal code </FilerAddress> <FilerContact> <ContactFamilyName></ContactFamilyName>- Required, 30 alphanumeric- contact’s surname for this return- omit titles such as Mr., Mrs., etc.- do not include the first given name or initial <ContactGivenName></ContactGivenName>- Required, 30 alphanumeric- first 30 letters of the contacts first given name Note: If only initials are available, provide contact’s first initial <ContactAreaCode></ContactAreaCode>- Required, 3 numeric- area code of telephone number <ContactPhoneNumber></ContactPhoneNumber>- Required, 3 numeric with a hyphen (-), followed by 4 numeric- telephone number of the contact <ContactExtensionNumber></ContactExtensionNumber>- 5 numeric- extension of the contact <ContactEmailAddress></ContactEmailAddress>- Required, 60 alphanumeric- contact’s email address </FilerContact> <TotalAcquiredNonQualifiedInvestmentFairMarketValueAmount> </TotalAcquiredNonQualifiedInvestmentFairMarketValueAmount>- Required, 15 numeric characters, enter dollars and cents. ...
Current CRA website
and Deemed Residents of Canada – Completing your return: Steps 3 and 4
Step 3 – Net income Line 20600 – Pension adjustment Line 20700 – Registered pension plan (RPP) deduction Line 20800 – RRSP deduction Line 21000 – Deduction for elected split-pension amount Line 21200 – Annual union, professional, or like dues Line 21400 – Child care expenses Line 21700 – Business investment loss Line 22100 – Carrying charges, interest expenses and other expenses Line 22200 – Deduction for CPP or QPP contributions on self-employment and other earnings Line 22215 – Deduction for CPP or QPP enhanced contributions on employment income Line 22900 – Other employment expenses Line 23200 – Other deductions Line 23210 – Federal COVID-19 benefits repayment Line 23600 – Net income Step 4 – Taxable income Line 25000 – Other payments deduction Line 25300 – Net capital losses of other years Line 25600 – Additional deductions Step 3 – Net income Note This section does not provide supplementary information for lines ●❚▲20810, ●❚▲21300, ●21500, ●❚▲21900, ●❚▲22000, ●22300, ●❚▲22400 and ●▲23100, as the instructions on the return or in other information products provide the information you need. ⬤▲Line 20600 – Pension adjustment Enter the pension adjustment amount as reported on your information slips. ... ⬤▮▲Line 23200 – Other deductions Claim the allowable amounts not deducted anywhere else on your return. ...
Current CRA website
Self-employed Business, Professional, Commission, Farming, and Fishing Income: Chapter 3 – Expenses
Her convention expense is $600 minus the two days at $50 each $600 − ($50 × 2) = $500. ... Therefore, the amount that he enters on line 12 is $14,210 [70% × ($13,300 + $7,000)]. ... James calculates as follows: (10 ÷ 24 hours) × (35 ÷ 100 metres) × $5,800 expenses = $845.83 The business operates five days a week, so he must do another calculation: $845.83 × 5 ÷ 7 days = $604.16 James can deduct $604.16 for his household expenses. ...
Current CRA website
Completing a vaping duty and information return – vaping product licensee
Closing inventory The closing inventory is the sum of lines A and B, minus line C, plus or minus any adjustments on line D, and the result is entered on this line: (A + B) – C ± D The closing inventory of unpackaged vaping products will become the opening inventory for the following reporting period. ... Closing inventory The closing inventory is the sum of lines A and B, minus line C, plus or minus any adjustments on line D, and the result is entered on this line: (A + B) – C ± D The closing inventory of packaged (unstamped) vaping products will become the opening inventory for the following reporting period. ... Closing inventory (column F) The closing inventory is the sum of columns A and B, minus columns C and D, plus or minus any adjustments in column E, and the results for each respective jurisdiction are entered in column F: A + B – C – D ± E This closing inventory of vaping excise stamps will become the opening inventory for the following reporting period, for each respective jurisdiction. ...
Current CRA website
Indians – Partly tax-exempt employment income
Box 12 – Social insurance number Enter the SIN, as provided by the employee. ... Instead, in the “ Other information ” area, use code 71 – Indian (exempt income) – Employment. ... See Box 52 – Pension adjustment for details. Box 55 – Employee's PPIP premiums If your employee worked in Quebec, report their PPIP premiums in box 55. ...
Current CRA website
Calculate input tax credits – ITC eligibility percentage
If all other conditions for claiming an ITC are met and you use a fair and reasonable allocation method to determine that 70% of the utility bill relates to the store and 30% to the apartment, you can claim an ITC for 70% of the HST you pay on your utility bill: $80 (HST) × 70% = $56 (ITC) See example – Apportion of commercial activities and non-commercial activities Example – Apportion of commercial activities and non-commercial activities You own a building in Nova Scotia where you operate your retail store (a commercial activity), and you rent an apartment on the upper floor to a residential tenant on a long-term basis (an exempt activity). ... Examples – Club memberships Examples Then A GST/HST registrant purchases memberships to a tennis club for $10,000 plus $500 GST. ... ITC eligibility on the capital real property Percentage of use in commercial activities ITC eligibility for individuals, c orporations and partnerships ITC eligibility for p ublic service bodies Footnote 3B (including charities that have elected not to use the net tax calculation) ITC eligibility for Financial institutions Footnote 3C 90% or more 100% 100% % of use More than 50% and less than 90% % of use 100% % of use More than 10% and less than 50% % of use Footnote 3A No ITCs % of use 10% or less No ITCs No ITCs % of use Footnote 3a Return to footnote3a Referrer Individuals cannot claim an ITC if the property is used more than 50% for their personal use or that of a related individual, either individually or in combination. ...
Current CRA website
Farming Income and the AgriStability and AgriInvest Programs Guide – Program payment list B
Farming Income and the AgriStability and AgriInvest Programs Guide – Program payment list B Payments received from programs on the following list are not included in the calculation of your program year production margin for AgriStability or your allowable net sales (ANS) for AgriInvest. Program payment list B Program payment Code AgriRecovery drought assistance payments (non allowable) 773 Alternate land use services (ALUS) 557 Apple industry growth and efficiency program 669 Canadian agricultural skills service (CASS) 561 Canadian farm business advisory service (CFBAS) 562 Canadian Food Inspection Agency (CFIA) payments – Compensation for non-allowable commodities 587 COVID-19 – Other assistance payments (non-allowable income) 688 COVID-19 – Wage subsidy payments for non-arm's length salaries 685 Dairy farm investment program (DFIP) 682 Dairy subsidies 435 Green plan, farm-based program – Permanent cover practices 466 Hog farm transition program 607 Industry transition production assistance program 478 Market revenue insurance (MRI) – Non-edible horticulture crops 474 Market revenue insurance (MRI) – Qualifying edible horticulture crops 411 Market revenue insurance (MRI) – Qualifying grains, oilseeds, and special crops 410 Other AgriRecovery program (non-allowable income) Footnote 1 632 Polar Vortex Industry Recovery Program (non-allowable portion) 796 Production insurance premium adjustment 499 Special farm assistance 560 Tobacco transition program 606 Transitional financial assistance program (TFA) 427 Young farmer rebate 559 Alberta 2021 Canada – Alberta livestock feed assistance initiative (non allowable) 775 Alberta spring price endorsement 495 British Columbia 2014 Canada – British Columbia avian influenza assistance initiative 670 2017 Canada – British Columbia wildfire recovery initiative 677 2018 Canada – British Columbia wildfire recovery initiative 679 2021 Canada-British Columbia wildfire and drought recovery initiative (non-allowable portion) 787 Manitoba Manitoba farmland school tax rebate program 556 Nova Scotia 2016 Canada – Nova Scotia maple sector initiative 672 Nova Scotia- Fiona Agricultural Disaster Assistance Program 794 Ontario Canada – Ontario grain and oilseed payment 410 Canada – Ontario grain stabilization payment 410 Ontario cattle, hog and horticulture payment 581 Ontario cost recognition top-up 553 Ontario edible horticulture support/program payment 475 Ontario grain and oilseed program payment 471 Ontario inventory transition payment program 441 Ontario risk management program (including the self-directed risk management program) 565 Saskatchewan Saskatchewan crop insurance premium adjustment 619 Footnote 1 This code should only be used for AgriRecovery programs (non-allowable income for AgriStability) not specifically listed above. ...
Current CRA website
Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide – Program payment list B
Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide – Program payment list B Payments received from programs on the following list are not included in the calculation of your program year production margin for AgriStability or your allowable net sales (ANS) for AgriInvest. Program payment list B Program payment Code AgriRecovery drought assistance payments (non allowable) 773 Alternate land use services (ALUS) 557 Apple industry growth and efficiency program 669 Canadian agricultural skills service (CASS) 561 Canadian farm business advisory service (CFBAS) 562 Canadian Food Inspection Agency (CFIA) payments – Compensation for non-allowable commodities 587 COVID-19 – Other assistance payments (non-allowable income) 688 COVID-19 – Wage subsidy payments for non-arm’s length salaries 685 Dairy farm investment program (DFIP) 682 Dairy subsidies 435 Green plan, farm-based program – Permanent cover practices 466 Hog farm transition program 607 Industry transition production assistance program 478 Market revenue insurance (MRI) – Non-edible horticulture crops 474 Market revenue insurance (MRI) – Qualifying edible horticulture crops 411 Market revenue insurance (MRI) – Qualifying grains, oilseeds, and special crops 410 Other AgriRecovery program (non-allowable income) Footnote1 632 Polar Vortex Industry Recovery Program (non-allowable portion) 796 Production insurance premium adjustment 499 Special farm assistance 560 Tobacco transition program 606 Transitional financial assistance program (TFA) 427 Young farmer rebate 559 Alberta 2021 Canada – Alberta livestock feed assistance initiative (non-allowable) 775 Alberta spring price endorsement 495 British Columbia 2014 Canada – British Columbia avian influenza assistance initiative 670 2017 Canada – British Columbia wildfire recovery initiative 677 2018 Canada – British Columbia wildfire recovery initiative 679 2021 Canada-British Columbia wildfire and drought recovery initiative (non-allowable portion) 787 Manitoba Manitoba farmland school tax rebate program 556 Nova Scotia 2016 Canada – Nova Scotia maple sector initiative 672 Nova Scotia- Fiona Agricultural Disaster Assistance Program 794 Ontario Canada – Ontario grain and oilseed payment 410 Canada – Ontario grain stabilization payment 410 Ontario cattle, hog and horticulture payment 581 Ontario cost recognition top-up 553 Ontario edible horticulture support/program payment 475 Ontario grain and oilseed program payment 471 Ontario inventory transition payment program 441 Ontario risk management program (including the self-directed risk management program) 565 Saskatchewan Saskatchewan crop insurance premium adjustment 619 Footnote 1 This code should only be used for AgriRecovery programs (non-allowable income for AgriStability) not specifically listed above. ...
Current CRA website
Example – T777 (Excerpt)
Example – T777 (Excerpt) Statement of Employment Expenses Expenses Line references Amounts Line Accounting and legal fees 8862 1 Advertising and promotion 8520 2 Allowable motor vehicle expenses (see chart for line 3 below) 9281 11,803.06 3 Food, beverages, and entertainment expenses 1,559.68 x 50 % = 8523 779.84 4 Lodging 9200 5 Parking 8910 6 Office supplies (postage, stationery, ink cartridges, etc.) 8810 178.25 7 Other expenses (employment use of a cell phone, long distance calls for employment purposes, etc.) ... Enter this amount on line 22900 of your return 9368 13,384.28 17 Line 3 – Calculation of allowable motor vehicle expenses Description of the vehicle and expenses Amount Line Enter the year, make, and model of the motor vehicle used to earn employment income. ... CCA information about motor vehicle Date acquired (yyyy-mm-dd) Cost of vehicle 1 Class number 2 UCC at the start of the year 3 Cost of additions in the year 4 Proceeds of disposition in the year 5 Base amount for CCA 6 CCA Rate % 7 Capital cost allowance for the year (col. 5 multiplied by col. 6, or a lower amount) 8 UCC at the end of the year (col. 2 minus col. 7, or col. 3 minus col. 7) 2022-12-31 34,000.00 10.1 28,815.00 0 0 28,815.00 30% 8,644.50 20,170.50 Page details Date modified: 2024-01-23 ...
Current CRA website
T3 Trust Guide – 2020
Determine the amount designated under subsection 104(13.1) for Josh as follows: A ÷ B × C $3,000 ÷ $6,000 × $5,000 = $2,500 Therefore, the amount designated for Josh is $2,500. ... Determine the amount designated under subsection 104(13.2) for Josh as follows: A ÷ B × C $1,500 ÷ $3,000 × $1,000 = $500 Therefore, the amount designated for Josh is $500. ... Line 24 is $400 or less Line 24 is more than $400 but not more than $750 Line 24 is more than $750 Enter your total contributions. 1 − 0.00 − 400.00 − 750.00 2 Line 1 minus line 2 (cannot be negative) = = = 3 × 75% × 50% × 33.33% 4 Multiply line 3 by line 4. = = = 5 + 0.00 + 300.00 + 475.00 6 Add lines 5 and 6 Enter this amount on line 25 of your Schedule 11. = = = 7 Line 26 – Investment tax credit A trust can claim an investment tax credit (ITC) on eligible investments and qualified expenditures that are listed on Form T2038-IND, Investment Tax Credit (Individuals). ...