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Current CRA website

Self employed Business, Professional, Commission, Farming, and Fishing Income: Chapter 6 – Losses

The part of Sharon's net farm loss that she can deduct from her other income in 2017 is either amount A or 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. ... Therefore, your net loss from fishing was $7,000 [$18,000 $25,000 = ($7,000)]. ... To check if you are able to carry back or carry forward part of this loss, you subtract your other income from your net loss from fishing ($7,000 $2,000 = $5,000). ...
Current CRA website

Self-employed Business, Professional, Commission, Farming, and Fishing Income: Chapter 5 – Losses

The part of Sharon's net farm loss that she can deduct from her other income in 2024 is either amount A or 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. ... Therefore, your net loss from fishing was $7,000 [$18,000 $25,000 = ($7,000)]. ... To check if you are able to carry back or carry forward part of this loss, you subtract your other income from your net loss from fishing ($7,000 $2,000 = $5,000). ...
Current CRA website

T4A-NR Summary – Payments to non-residents for services provided in Canada

Fill out the slips and summaries Fill out the slips and summaries T4 slip Employers T4 Summary Employers T4A slip Payers T4A Summary Payers T4A-RCA slip T4A-RCA Summary T4A-NR slip T4A-NR Summary T1204 slip T1204 Summary T5018 slip T5018 Summary When to file information returns How to file information returns Distribute the slips Receiving payroll correspondence from the CRA Make corrections after filing T4A-NR Summary Payments to non-residents for services provided in Canada On this page What is a T4A-NR Summary What to report How to fill out What is a T4A-NR Summary The T4A-NR summary (T4A-NR-SUM) represents the total of the information reported on all of the T4A-NR slips you prepared for each recipient for the calendar year. ... Line 18 Gross income Add the amountd in box 18 of all T4A-NR slips. ... Line 20 Travel expenses Add the amountd in box 20 of all T4A-NR slips. ...
Current CRA website

T4A-NR Summary – Payments to non-residents for services provided in Canada

Fill out the slips and summaries Fill out the slips and summaries T4 slip Employers T4 Summary Employers T4A slip Payers T4A Summary Payers T4A-RCA slip T4A-RCA Summary T4A-NR slip T4A-NR Summary T4PS slip T4PS summary T1204 slip T1204 Summary T5018 slip T5018 Summary When to file information returns How to file information returns Distribute the slips Recevoir votre avis de cotisation- PD7D Make corrections after filing T4A-NR Summary Payments to non-residents for services provided in Canada On this page What is a T4A-NR Summary What to report How to fill out What is a T4A-NR Summary The T4A-NR summary (T4A-NR-SUM) represents the total of the information reported on all of the T4A-NR slips you prepared for each recipient for the calendar year. ... Line 18 Gross income Add the amount in box 18 of all T4A-NR slips. Report the total on line 18. Line 20 Travel expenses Add the amount in box 20 of all T4A-NR slips. ...
Current CRA website

T5018 Summary – Statement of contract payments

Fill out the slips and summaries Fill out the slips and summaries T4 slip Employers T4 Summary Employers T4A slip Payers T4A Summary Payers T4A-RCA slip T4A-RCA Summary T4A-NR slip T4A-NR Summary T4PS slip T4PS summary T1204 slip T1204 Summary T5018 slip T5018 Summary When to file information returns How to file information returns Distribute the slips Receiving your notice of assessment- PD7D Make corrections after filing T5018 Summary Statement of contract payments On this page What is a T5018 Summary What to report How to fill out What is a T5018 Summary Sample The T5018 Summary (T5018SUM) represents the total of the information reported on all of the T5018 slips you prepared for each recipient for the calendar year. ... Line 80 Total number of T5018 slips filed Enter the total number of T5018 slips that you are filing with the T5018 Summary. Line 82 Total construction subcontractor payments Add the amounts in box 22 of all T5018 slips. ...
Current CRA website

Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide – Regional code list

Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide Regional code list On this page… Regional code list British Columbia Regional code list Manitoba Regional code list New Brunswick Regional code list Northwest Territories Regional code list Nova Scotia Regional code list Yukon Units of measurement code list Expense code list Productive capacity list British Columbia District number District name 23 Alberni-Clayoquot 51 Bulkley-Nechako 17 Capital 41 Cariboo 45 Central Coast 3 Central Kootenay 35 Central Okanagan 39 Columbia-Shuswap 26 Comox Valley 19 Cowichan Valley 1 East Kootenay 9 Fraser Valley 53 Fraser-Fort George 15 Greater Vancouver 49 Kitimat-Stikine 5 Kootenay Boundary 43 Mount Waddington (Island part) 21 Nanaimo 37 North Okanagan 59 Northern Rockies 7 Okanagan-Similkameen 55 Peace River 27 Powell River 47 Skeena-Queen Charlotte 31 Squamish-Lillooet 57 Stikine 24 Strathcona 29 Sunshine Coast 33 Thompson-Nicola Manitoba Municipality number Municipality name 600 Alexander 601 Alonsa 102 Argyle 602 Armstrong 105 Bifrost-Riverton 153 Boissevain-Morton 109 Brenda-Waskada 110 Brokenhead 112 Cartier 167 Cartwright-Roblin 114 Clanwilliam-Erickson 115 Coldwell 116 Cornwallis 118 Dauphin 119 De Salaberry 205 Deloraine-Winchester 120 Dufferin 121 East St. ...
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

Line 25000 – Other payments deduction

Line 25000 Other payments deduction Generally, you can deduct the amount from line 14700 of your return. This amount is the total of: Line 14400 Workers' compensation benefits Line 14500 Social assistance payments Line 14600 Net federal supplements paid Completing your tax return Enter the amount from line 14700 of your return on line 25000 if you did not enter an amount on line 14600. ... Enter this amount on line 25000 of your return. = 10 Forms and publications Income Tax Package Related topics Taxes when you retire or turn 65 years old Line 14400 Workers' compensation benefits Line 14500 Social assistance payments Line 14600 Net federal supplements paid Page details 2025-01-21 ...
Current CRA website

Procedures on Travel: Appendix B – Application of the Residence Rule

Procedures on Travel: Appendix B Application of the Residence Rule Notice to readers Many of the policy instruments referenced in the Procedures on Travel are only available to CRA employees. ... Calculation A Constant distance factor Do the following calculations by inserting the applicable distances (see example below) Example POC = Point of call R = Principal Residence WP = Workplace Calculation A Constant distance factor From the R to WP is_____km (25 km) Less: Perimeter to WP is_____km (16 km) Constant distance factor is_____km (9 km) Calculation B Calculated distance reimbursed Do the following calculations by inserting the applicable distances (see examples below) Example 1 Calculation B Calculated distance paid- Example 1 R to POC 1_____km (20 km) Less: Constant distance factor_____km (9 km) Calculated distance reimbursed is_____km (11 km) Example 2 Calculation B Calculated distance paid- Example 2 R to POC 2_____km (35 km) Less: Constant distance factor_____km (9 km) Calculated distance reimbursed is_____km (26 km) Illustration: Perimeter of the HQ area Principal residence inside the HQ area POC = Point of call R = Principal residence WP = Workplace Scenario 1: R to WP (12 km)* to R (12 km)* Actual distance driven: 24 km Distance reimbursed: 0 km *Distance not reimbursed: 24 km The distance driven between the principal residence and the workplace is not reimbursed. ... Scenario 8: R to POC 1 (20 km) to R (20 km) Actual distance driven: 40 km Distance reimbursed: 40 km Scenario 9: R to POC 1 (20 km) to POC 2 (25 km) to POC 3 (10 km) to R (12 km) Actual distance driven: 67 km Distance reimbursed: 67 km Principal residence outside the HQ area POC = Point of call R = Principal residence WP = Workplace Scenario 10: R to WP (25 km) to R (25 km) Actual distance driven: 50 km Distance reimbursed: 0 km R to WP (25 km)* and to R (25 km)* *Distance not reimbursed: 50 km The distance driven between the principal residence and the workplace is not reimbursed. ...
Current CRA website

Employers' Guide – Filing the T4 Slip and Summary

Code 78 Fishers Gross income See Code 78 Fishers- Gross income. Code 79 Fishers Net partnership amount See Code 79 Fishers Net partnership amount. Code 80 Fishers Shareperson amount See Code 80 Fishers Shareperson amount. ...

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