Search - 屯门 安南都护府

. … [O]nce the CRA advises the taxpayer that it accepts the voluntary disclosure and that it will revise the income or the tax payable of the latter under the VDP, we generally will allow the deduction, under paragraph 60(o), for professional fees incurred from that time onwards by the taxpayer in advancing its claims respecting the revision. ...

CRA noted that the graduated rate estate definition requires that an estate must be a testamentary trust, whose definition requires that no property have been contributed to the trust otherwise than by an individual on or after the individual’s death and as a consequence thereof – so that the property contributed to the estate, as the beneficiary of the inter vivos trust, causes the estate to fail as a GRE. ...

10 June 2016 STEP Roundtable Q. 13, 2016-0645811C6- Filing Obligation for 75(2) trust-- summary under Subsection 75(2) Summary Under Tax Topics- Income Tax Act- Section 75- Subsection 75(2) no return filing obligation if property of s 75(2) trust not income-generating Reg. 204(1) provides that a trustee having control of or receiving income, gains or profits must file an information return – so that even though the property of the trust is subject to s. 75(2) so that its income is attributed to another person and the trust itself will have not tax payable, it still must file the T3 return. ...

. … Provided that the sum of the stub taxation years does not exceed 12 months, the CRA will accept the filing of the T106 form on June 30, 2017 (6 months after the December 31, 2016 year end). ...

Furthermore … reasonable expenses incurred in valuing capital property for the purpose of preparing the annual financial statements in accordance with the applicable new accounting standards would generally be deductible as a current expense. ...

7 October 2011 Roundtable, 2011-0411941C6 F- Covoiturage-- summary under Paragraph 6(1)(a) Summary Under Tax Topics- Income Tax Act- Section 6- Subsection 6(1)- Paragraph 6(1)(a) employees and employer must reasonably allocate benefit from gas carpooling expenses being reimbursed Under an employer-organized carpooling program, an employee driving another to work receives a 50% reimbursement of properly documented and certified gasoline expenses – or of 100% if two or more other employees are driven. ...

. … As a result [of s. 9(3)], the appreciation in the value of a property that is capital property (as defined in section 54) is not in itself a source of income that is property. ...

CRA referenced the s. 6(6)(b) exclusion to s. 6(1)(a), and stated: As indicated in … 2004-0059521E5 and 2008-0291081E5, that exclusion does not apply to transportation assistance that the employee received for travel between the special work site and a temporary residence of the employee that is the employee’s principal place of residence. ...

. … Krauss... supports that position. …[Y]our example is similar to the situation in Krauss and that subsection 103(1.1) could apply in your example. ...

. … [T]hat provision does not have the effect of allowing the annuitant of a RRIF to share with the annuitant’s deceased spouse or common-law partner the tax burden applicable to the annuitant because of the RRIF. ...