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Current CRA website

Part XIX Information Return – International Exchange of Information on Financial Accounts

The possible values are: OECD202 = individual OECD203 = alias OECD204 = nick name OECD205 = also known as OECD207 = legal OECD208 = at birth <FirstName></FirstName>- Required, 30 characters- Enter the first name of the individual. ... The possible values are: OECD202 = individual OECD203 = alias OECD204 = nick name OECD205 = also known as OECD207 = legal OECD208 = at birth <FirstName></FirstName>- Required, 30 characters- Enter the first name of the controlling person. ... </ControllingPersonBirthInformation> <ControllingPersonType></ControllingPersonType>- Required, 6 alphanumeric- Enter one of the following codes to describe the controlling person type: CRS801 = Direct owner of a corporation or other legal person CRS802 = Indirect owner of a corporation or other legal person (through an intermediary) CRS803 = Director or senior official of a corporation or other legal person CRS804 = Settlor of a trust CRS805 = Trustee of a trust CRS806 = Protector of a trust CRS807 = Beneficiary of a trust CRS808 = Other controlling person of a trust CRS809 = Equivalent to a settlor of a legal arrangement other than a trust (e.g., partnership) CRS810 = Equivalent to a trustee of a legal arrangement other than a trust (e.g., partnership) CRS811 = Equivalent to a protector of a legal arrangement other than a trust (e.g., partnership) CRS812 = Equivalent to a beneficiary of a legal arrangement other than a trust (e.g., partnership) CRS813 = Other controlling person of a legal arrangement other than a trust (e.g., partnership) </ControllingPerson> </Organization> <AccountHolderAddress> <Address>- Note: The information within the tag <Address> is repeatable up to 5 times as needed. ...
Old website (cra-arc.gc.ca)

Canada Revenue Agency Ministerial Transition Documents – November 2015

Canada Revenue Agency Ministerial Transition Documents November 2015 Next page Note to Readers The briefing documents listed below were prepared for the Minister of National Revenue. ... Table of Contents Section 1 Welcome Commissioner's letter to the Minister Contact list Short-term decisions Floor plan *+ Minister briefing plan Section 2 Roles and Responsibilities Role of the Minister and Ministerial support Communications and issues management How the Federal government works: An overview * Open and Accountable government * CRA's Board of Management Section 3 Introduction to the Canada Revenue Agency (CRA) Agency Overview Canada Revenue Agency at a Glance * Senior management contact list Biographies Chair of the Board of Management Commissioner of Revenue and Chief Executive Officer of the Canada Revenue Agency Deputy Commissioner of the Canada Revenue Agency Taxpayers' Ombudsman Partnerships and stakeholders Taxpayers' Ombudsman overview * Expenditure management cycle and CRA budget * Service to Canadians Compliance Collections Appeals Corporate Safeguarding taxpayer information Oversight Section 4 Immediate Decisions Treasury Board business * Delegations Message to employees Federal budget A CRA perspective * Section 5 Government Overview Role of central agencies Section 6 CRA Litigation Forecast *+ Section 7 Issues Supporting small and medium businesses * Better service to Canadians * Estimating the magnitude of non-compliance (Tax gap) * Tobacco compliance and contraband * Underground economy * Foreign Account Tax Compliance Act (FATCA) * International collaboration on tax avoidance * Rules for charities related to political activities * Collective bargaining * Bill C-377 Requirements for labour organizations * Disability Tax Credit promoters * Ontario Retirement Pension Plan * Robillard Commission Report * Overview of recent reduction exercises and major long-term funding pressures * Quebec: GST compensation * British Columbia and Ontario housing market * *Documents under review *+ Documents protected pursuant to the Access to Information Act Next page Date modified: 2016-03-08 ...
Current CRA website

Example – Leasing Costs

Total lease charges paid for the vehicle in 2023 $ 5,500 2. Total lease payments deducted for the vehicle before 2023 $ 0 3. ... The manufacturer's list price $28,000 5. $42,353 + $6,353 $48,706 6. Enter the amount from line 4 or line 5, whichever is more: $48,706 x 85% $41,400 7. ($950 + $143) = $1,093 x 334 = $365,062 ÷ 30 = $12,169 line 2 $12,169 8. ($36,000 + $5,400) = $41,400 x $5,500 = $227,700,000 ÷ $41,400 $ 5,500 Tom would enter $5,500 (the lower of the amounts on line 7 and line 8) on line 11 of Form T777. ...
Current CRA website

Motor vehicle leasing costs – employees

Enter the amount from line 4 or line 5, whichever is more. $ Blank space for dollar value x 85% $ Blank space for dollar value Line 6 7. ($1,050 Footnote 3 + GST Footnote 2 and PST Footnote 2, or HST Footnote 2) x line 3 = $ Blank space for dollar value ÷ 30 = $ Blank space for dollar value Line 2 $ Blank space for dollar value Line 7 8. ($37,000 Footnote 4 + GST Footnote 2 and PST Footnote 2, or HST Footnote 2) x line 1 = $ Blank space for dollar value ÷ Line 6 $ Blank space for dollar value Line 8 Your eligible leasing cost is the lower of the amounts on line 7 and line 8. ... Tom will complete the Chart using the following information for 2024: Monthly lease payment: $500 Lease payments made for 2024: $5,500 Number of days the car was leased in 2024: 335 Manufacturer’s suggested list price: $28,000 HST ($43,529 × 15% = $6,529) = $6,529 HST ($1,050 × 15% = $158)= $158 HST ($37,000 × 15% = $5,550) = $5,550 Eligible leasing costs for passenger vehicles leased after December 31, 2000 Line Leasing agreement information and calculations Amount 1. ... Enter the amount from line 4 or line 5, whichever is more: $50,058 x 85% $42,549 7. ($1,050 + $158 = $1,208) x 335 = $404,680 ÷ 30 = $13,489 line 2 $13,489 8. ($37,000 + $5,550 = $42,550) x $5,500 = $234,025,000 ÷ $42,549 $ 5,500 Repayments and imputed interest When you lease a passenger vehicle, you may have either a repayment owing to you, or you may have imputed interest. ...
GST/HST Interpretation

3 July 2013 GST/HST Interpretation 146888 - [...] [administration of second-language tests] [whether a vocational school]

("teacher training") [...]. [...]. In [yyyy], Co. A added the [...] ... Language Test The language test is recognized [internationally] [...]. The language test is [...] owned by [...] ... B. [...]. [...]. Co. B is not a registered charity or a non-profit organization. ...
Current CRA website

Chart 6 – How to claim an allowable business investment loss

" Line B Line A minus Line B = $ Line C Step 3 Allowable business investment loss Amount from line C $ x 1/2 = $ Line D Enter the amount from line D on line 21700 of your income tax and benefit return. ... For 2000, amount from line 254 of your return $ x 1/IR Footnote * + Line 5 6. ... Total of lines 8 to 12 = $ $ Line 13 14. Line 7 minus line 13 = $ Line 14 Business investment loss reduction 15. ...
Current CRA website

Canada Revenue Agency Ministerial Transition Documents – November 2015

Canada Revenue Agency Ministerial Transition Documents November 2015 Next page Note to Readers The briefing documents listed below were prepared for the Minister of National Revenue. ... Table of Contents Section 1 Welcome Commissioner's letter to the Minister Contact list Short-term decisions Floor plan *+ Minister briefing plan Section 2 Roles and Responsibilities Role of the Minister and Ministerial support Communications and issues management How the Federal government works: An overview * Open and Accountable government * CRA's Board of Management Section 3 Introduction to the Canada Revenue Agency (CRA) Agency Overview Canada Revenue Agency at a Glance * Senior management contact list Biographies Chair of the Board of Management Commissioner of Revenue and Chief Executive Officer of the Canada Revenue Agency Deputy Commissioner of the Canada Revenue Agency Taxpayers' Ombudsman Partnerships and stakeholders Taxpayers' Ombudsman overview * Expenditure management cycle and CRA budget * Service to Canadians Compliance Collections Appeals Corporate Safeguarding taxpayer information Oversight Section 4 Immediate Decisions Treasury Board business * Delegations Message to employees Federal budget A CRA perspective * Section 5 Government Overview Role of central agencies Section 6 CRA Litigation Forecast *+ Section 7 Issues Supporting small and medium businesses * Better service to Canadians * Estimating the magnitude of non-compliance (Tax gap) * Tobacco compliance and contraband * Underground economy * Foreign Account Tax Compliance Act (FATCA) * International collaboration on tax avoidance * Rules for charities related to political activities * Collective bargaining * Bill C-377 Requirements for labour organizations * Disability Tax Credit promoters * Ontario Retirement Pension Plan * Robillard Commission Report * Overview of recent reduction exercises and major long-term funding pressures * Quebec: GST compensation * British Columbia and Ontario housing market * *Documents under review *+ Documents protected pursuant to the Access to Information Act Next page Page details Date modified: 2016-03-08 ...
Old website (cra-arc.gc.ca)

Part XVIII Information Return – International Exchange of Information on Financial Accounts

<SummaryReportTypeCode></SummaryReportTypeCode> Required 1 alpha Indicate the type of data being sent: O = Original A = Amendment Note: An original return cannot contain an amended or cancelled slip. ... <DocumentSpecification> <DocumentTypeCode></DocumentTypeCode> Required, 1 alpha Indicate the type of data being sent: O = Original A = Amendment Note: An original return cannot contain an amended reporting financial institution record. ... <DocumentSpecification> <DocumentTypeCode></DocumentTypeCode> Required, 1 alpha –Indicate the type of data being sent: O = Original A = Amendment C = Cancel Note: 1– An original return cannot contain a cancelled or an amended sponsor record. 2 An amended return will contain an original sponsor record, if no change is made to the sponsor information. ...
Current CRA website

Part XVIII Information Return – International Exchange of Information on Financial Accounts

<SummaryReportTypeCode></SummaryReportTypeCode> Required 1 alpha Indicate the type of data being sent: O = Original A = Amendment Note: An original return cannot contain an amended or cancelled slip. ... <DocumentSpecification> <DocumentTypeCode></DocumentTypeCode> Required, 1 alpha Indicate the type of data being sent: O = Original A = Amendment Note: An original return cannot contain an amended reporting financial institution record. ... <DocumentSpecification> <DocumentTypeCode></DocumentTypeCode> Required, 1 alpha –Indicate the type of data being sent: O = Original A = Amendment C = Cancel Note: 1– An original return cannot contain a cancelled or an amended sponsor record. 2 An amended return will contain an original sponsor record, if no change is made to the sponsor information. ...
Old website (cra-arc.gc.ca)

Part XVIII Information Return – International Exchange of Information on Financial Accounts

Part XVIII Information Return International Exchange of Information on Financial Accounts 2016- Version 1- updated 2015-10-10 <Return> <PartXVIII> <PartXVIIISlip> <DocumentSpecification> <DocumentTypeCode></DocumentTypeCode> Required, 1 alpha Indicate the type of data being sent: O = Original A = Amendment C = Cancel Note: 1– An original return cannot contain an amended or cancelled slip. 2 An amended return cannot contain an original slip. 3 An amended return can contain only amended slips or only cancelled slips, not a mix (as this will result in duplicate Document Reference Identifiers and consequently, will be rejected). ... <SummaryReportTypeCode></SummaryReportTypeCode> Required 1 alpha Indicate the type of data being sent: O = Original A = Amendment Note: An original return cannot contain an amended or cancelled slip. ... <DocumentSpecification> <DocumentTypeCode></DocumentTypeCode> Required, 1 alpha Indicate the type of data being sent: O = Original A = Amendment Note: An original return cannot contain an amended reporting financial institution record. ...

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