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Scraped CRA Website
Transfer of Property to a Corporation Under Section 85
Subsection 85(1.3) defines the term " wholly owned corporation." 24. ...
Scraped CRA Website
Policy Statement on Business Equity Valuations
The Department recognizes that in certain situations either a related group or an unrelated group of shareholders may control a corporation if they owned amongst themselves at least 50% + 1 of the issued and outstanding voting shares of the corporation at the same time and if they have historically acted in concert as a group. ...
Current CRA website
Sale of a Residence by a Builder Who is an Individual
Pamphlet RC4405, GST/HST Rulings – Experts in GST/HST Legislation, explains how to obtain a ruling and lists the GST/HST rulings offices. ...
Current CRA website
Transfer of Property to a Corporation Under Section 85
Subsection 85(1.3) defines the term " wholly owned corporation." 24. ...
Current CRA website
Registered Retirement Savings Plans
In addition to giving instructions to submit the receipt with the contributor's income tax return, the receipt has to include the following: (a) the name of the issuer of the RRSP; (b) the signature of an authorized official (we will accept a facsimile signature as long as the receipts are numbered serially and a copy is kept at the issuer's head office); (c) the contract or arrangement number; (d) the name, address, and social insurance number of the annuitant; (e) the name and social insurance number of the contributor if other than the annuitant; (f) the total amount of premiums paid; (g) the dates of payment of premiums (the receipt may show the amount received in the initial 60 days of the year and the amount received during the remainder of the year); and (h) whether the contributions (premiums) were in whole or in part in kind, using the following text: Contributions were in whole or in part in kind. () (check) You should advise the annuitant to submit an explanation of any contribution in kind with his or her income tax return. 34. ...
Current CRA website
Courses that Qualify for Exemption Pursuant to Section 8 of Part III of Schedule V to the Excise Tax Act
This policy clarifies the meaning of " courses leading to certificates, diplomas, licences or similar documents, or classes or ratings in respect of licences, that attest to the competence of individuals to practise or perform a trade or vocation" in section 8. ...
Current CRA website
Distinguishing Between a Joint Venture and a Partnership for the Purposes of the Section 273 Joint Venture Election
The participant's specified interest could be x % of every product produced or 100% of one product and 0% of the other products. ...
Current CRA website
Taxable benefit for the personal use of an aircraft
Taxable benefit for the personal use of an aircraft Number: AD-18-01 Date: 2018-03-07 Issued by: Policy and Technical Working Group – International, Large Business and Investigations Branch (ILBIB) and Domestic Compliance Programs Branch (DCPB) Sections affected: Small and Medium Enterprises, International and Large Business, Scientific Research and Experimental Development, Offshore Compliance and Aggressive Tax Planning, Criminal Investigations, Business Compliance (Collections and Verification Branch) Subject: Taxable benefit for the personal use of an aircraft The purpose of this communiqué is to provide guidance on the valuation of taxable benefits arising from personal use of aircraft owned or leased by a corporation, partnership or sole proprietorship by its shareholders or employees with respect to the Income Tax Act (ITA). ...
Archived CRA website
ARCHIVED - Completing Your Nunavut Forms
How to Claim Enter your total contributions on line 7, and determine the amount to enter on line 8 as follows: For contributions of $ 100 or less, enter the amount of your contributions on line 8. ...
Archived CRA website
ARCHIVED - Information for Residents of New Brunswick
Supporting documents – If you are filing electronically, keep all your documents in case we ask to see them at a later date. ...