Search - 广东省2025政府工作报告 一小发展 金句

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News of Note post
26 February 2025- 11:20pm CRA notes that it generally will be impossible for a resident individual to properly compute the Canadian income tax results of holding to maturity a UK endowment policy Email this Content An individual, while a non-resident, acquired in 1998 a United Kingdom mortgage endowment policy as an investment plan with a life insurance component. ... Summaries of 27 January 2025 External T.I. 2024-1018491E5 under s. 138(12) life insurance policy and s. 148(9) ACB. ...
Technical Interpretation - External summary

24 June 2024 External T.I. 2023-1000861E5 - Clean technology property and phase out of AIIP -- summary under Element A

CRA noted that because the $20M of property was acquired before 2025, it would be a Class 43.2 property (50% CCA rate) rather than a Class 43.1 property (30% CCA rate) even though no CCA could be claimed until 2025 due to the available-for-use rules. Its CCA claim for 2025 would be calculated as follows: Capital cost $20M AII per Reg. 1100(2) A- (c)(ii) (i.e., 1/2 X $20M) $10M Subtotal $30M CCA (50% Class 43.2 rate) $15M The “clean tech” ITC under s. 127.45(1) for 2027 would be 20% of the capital cost of $20M, or $4M. ... The CCA claim for 2027 would consist of a further $0.25M for the Class 43.2 property plus CCA regarding the $10M Class 43.1 acquisition calculated as follows: Capital cost $10M AII per Reg. 1100(2) A- (b)(iii) (i.e., 5/6 X $10M) $8.33M Subtotal $18.33M CCA (30% Class 43.2 rate) $5.5M The clean tech ITC for 2027 would be 20% of the capital cost of $10M, or $2M. ...
Current CRA website

CVITP learning guide

Volunteer guidelines What’s new this filing season CVITP Find out about the latest program news and updates updated January 2025. ... CRA tax information What’s new this filing season tax return Find out about the latest tax-related updates updated January 2025. ...
Current CRA website

Public Service Bodies' Rebate for Qualifying Non-profit Organizations Resident Only in Nova Scotia

It has eligible purchases and expenses on which tax was paid or payable during the claim period of April 1, 2025, to June 30, 2025. ... The qualifying NPO has eligible purchases and expenses on which tax was paid or payable during the claim period of January 1, 2025, to June 30, 2025. ... Eligible purchases and expenses example 3 Eligible purchases or expenses Province in which the supply is made Amount paid Tax paid Date tax became payable Rent Nova Scotia $7,000 $1,050 (15% HST) January 1, 2025 Computers Nova Scotia $5,000 $700 (14% HST) April 15, 2025 Software Nova Scotia $2,000 $280 (14% HST) June 20, 2025 Meals Ontario $1,000 $130 (13% HST) February 19, 2025 Hotel Ontario $2,500 $325 (13% HST) February 19, 2025 The qualifying NPO is not eligible to claim any ITCs or any other rebate, refund, or remission for these HST amounts. ...
Current CRA website

Tax-Free Savings Account (TFSA) Guide for Issuers

No T4A slip is required but the transaction (the distribution) has to be reported to the CRA by the end of February 2025. ... John dies in 2025. For reporting year 2024, 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. For reporting year 2025, file the individual record for the TFSA account number 12345 with all the transactions under Jane’s name and SIN. ...
Current CRA website

Public Service Bodies' Rebate for Charities Resident Only in Nova Scotia

It has eligible purchases and expenses on which tax was paid or payable during the claim period of April 1, 2025, to June 30, 2025. ... The charity has eligible purchases and expenses on which tax was paid or payable during the claim period of January 1, 2025, to June 30, 2025. ... Eligible purchases and expenses example 3 Eligible purchases or expenses Province in which the supply is made Amount paid Tax paid Date tax became payable Rent Nova Scotia $7,000 $1,050 (15% HST) January 1, 2025 Computers Nova Scotia $5,000 $700 (14% HST) April 15, 2025 Software Nova Scotia $2,000 $280 (14% HST) June 20, 2025 Meals Ontario $1,000 $130 (13% HST) February 19, 2025 Hotel Ontario $2,500 $325 (13% HST) February 19, 2025 The charity is not eligible to claim any ITCs or any other rebate, refund, or remission for these HST amounts. ...
Conference summary

3 May 2022 CALU Roundtable Q. 3, 2022-0928721C6 - Recent Changes to Section 84.1 -- summary under Paragraph 84.1(2.3)(a)

Q.3.1 Taxpayer dies in March 2025 and Joan subsequently causes Purchaser Corporation to sell the Subject Shares to an arm’s length purchaser (ALP) for proceeds of $3 million (ALP Disposition). ... Regarding both the Q.3.1 and Q.3.2 scenarios, what would be the impact on the tax positions of Taxpayer and Purchaser Corporation in 2021 and 2025 if 84.1(2.3)(a) applied? ... However, Taxpayer would be deemed, for the purposes of section 84.1 …, to have disposed of the Subject Shares to the person who acquired them from Purchaser Corporation (himself). [W]e are prepared to apply this provision such that, if Taxpayer had disposed of the Subject Shares directly to the subsequent purchaser and section 84.1 would not have applied to that disposition, the First Disposition will not be subject to section 84.1 …. ...
Current CRA website

Guide for the Partnership Information Return (T5013 Forms)

Chapter 2 Filing methods Internet filing is available from January 13, 2025. ... Under ordinary circumstances, the partnership would have filed the return for the fiscal period ending on January 31, 2024 no later than March 31, 2025. ... To qualify for the credit, expenditures must be made before April 1, 2025, and incurred under an agreement entered into after February 22, 2022. ...
Current CRA website

Check CRA processing times

Result T1 income tax and benefit return electronic T1 income tax and benefit return paper T1 adjustment requests electronic T1 adjustment requests paper T2 Corporation income tax return electronic T3 trust returns GST/HST returns electronic Clearance certificate request (TX19/GST352) Canada child benefit application Canada child benefits correspondence Form T2201, Disability Tax Credit Certificate Film and media tax credits (FMTCs) Scientific research and experimental development (SR&ED) tax credits Refundable claim Scientific research and experimental development (SR&ED) tax credits Non-refundable claim Deferred income plans- response to written enquiries Actuarial valuation reports Applications to register pension plans and deferred profit sharing plans Deferred income and savings plans (specimens) Charities- written enquiries routine Charities- written enquiries complex Charities- responding to applications GST/HST rulings and interpretations Advance income tax rulings Service complaints Tax objections Low complexity Tax objections Medium complexity Tax objections High complexity Taxpayer relief requests Authorize or cancel a representative electronic Canada Recovery Sickness Benefit- direct deposit Canada Recovery Sickness Benefit- cheque Canada Recovery Caregiving Benefit- direct deposit Canada Recovery Caregiving Benefit- cheque Uncashed CRA cheques electronic Uncashed CRA cheques paper Loading data... ... For the month of July 2025, we met this service standard 92% of the time. ... For the month of July 2025, we met this service standard 99% of the time. ...
Current CRA website

Tax-Free Savings Account (TFSA), Guide for Individuals

The annual TFSA dollar limit for each of the years from 2009 to 2025 are: Annual TFSA dollar limit 2009 to 2012 $ 5,000 2013 and 2014 $ 5,500 2015 $10,000 2016 to 2018 $ 5,500 2019 to 2022 $ 6,000 2023 $ 6,500 2024 and 2025 $ 7,000 The TFSA annual room limit will be indexed to inflation and rounded to the nearest $500. ... Josh calculated his TFSA contribution room for the beginning of 2025 as follows: TFSA contribution room at the beginning of 2025 TFSA contribution room at the beginning of 2024 $ 7,000 Minus: Contributions made in 2024- $ 1,000 Unused TFSA contribution room at the end of 2024 $ 6,000 Plus: Total withdrawals made in 2024 + $ 4,000 Plus: 2025 TFSA dollar limit + $ 7,000 TFSA contribution room at the beginning of 2025 $ 17,000 The TFSA contribution room will not accumulate for any year during which the individual is a non-resident of Canada throughout the entire year. ... She had to pay a tax of $60 for the year 2024 ($500 × 1% × 12 months). 2025 Francine’s unused TFSA contribution room at the end of 2024 was negative (–) $500. ...

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