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Current CRA website

Appendix D – Daily Meal Rates at Locations Abroad

NOTE: One rate for country Country City Meal Rate Breakfast Meal Rate Lunch Meal Rate Dinner Meal Rate Total Meals Incidental Amount GRAND TOTAL (taxes included) Tórshavn * * * * 40.00% * Falkland Islands Currency: pound. NOTE: One rate for country Country City Meal Rate Breakfast Meal Rate Lunch Meal Rate Dinner Meal Rate Total Meals Incidental Amount GRAND TOTAL (taxes included) Stanley * * * * 40.00% * Fiji Currency: dollar (Fiji). ... NOTE: One rate for country Country City Meal Rate Breakfast Meal Rate Lunch Meal Rate Dinner Meal Rate Total Meals Incidental Amount GRAND TOTAL (taxes included) Basse-Terre * * * * 40.00% * Guam Currency: dollar (US). ...
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. ...
Old website (cra-arc.gc.ca)

Prince Edward Island HST Rate Increase – Stated Price Net of the GST/HST New Housing Rebate

Formula no. 1 Where the SPNR is not more than $396,200 (meaning that the consideration is not more than $350,000) the value of consideration payable is determined using the following calculation: Consideration = SPNR ÷ 1.132 Example The SPNR is $370,000 and all of the above conditions are satisfied. The consideration would be calculated as follows: Consideration = SPNR ÷ 1.132 = $370,000 ÷ 1.132 = $326,855.12 Once the consideration is determined, the HST payable and the GST/HST new housing rebate in respect of the federal part of the HST may be calculated as follows: HST payable = Consideration × 15% = $326,855.12 × 15% = $49,028.27 GST/HST new housing rebate in respect of the federal part of the HST = (Consideration × 5%) × 36% = ($326,855.12 × 5%) × 36% = $5,883.39 Formula no. 2 Where the SPNR is more than $396,200 and not more than $517,500 (meaning that the consideration is more than $350,000 and not more than $450,000) the value of consideration payable is determined using the following calculation: Consideration = (SPNR + $28,350) ÷ 1.213 Example The SPNR is $500,000 and all of the above conditions are satisfied. The consideration would be calculated as follows: Consideration = (SPNR + $28,350) ÷ 1.213 = ($500,000 + $28,350) ÷ 1.213 = $435,572.96 Once the consideration is determined, the HST payable and the GST/HST new housing rebate in respect of the federal part of the HST may be calculated as follows: HST payable = Consideration × 15% = $435,572.96 × 15% = $65,335.94 GST/HST new housing rebate in respect of the federal part of the HST = $6,300 × [($450,000 Consideration) ÷ $100,000] = $6,300 × [($450,000 $435,572.96) ÷ $100,000] = $908.90 Further information All GST/HST technical publications are available on the CRA website at cra.gc.ca/gsthsttech. ...
Current CRA website

Prince Edward Island HST Rate Increase – Stated Price Net of the GST/HST New Housing Rebate

Formula no. 1 Where the SPNR is not more than $396,200 (meaning that the consideration is not more than $350,000) the value of consideration payable is determined using the following calculation: Consideration = SPNR ÷ 1.132 Example The SPNR is $370,000 and all of the above conditions are satisfied. The consideration would be calculated as follows: Consideration = SPNR ÷ 1.132 = $370,000 ÷ 1.132 = $326,855.12 Once the consideration is determined, the HST payable and the GST/HST new housing rebate in respect of the federal part of the HST may be calculated as follows: HST payable = Consideration × 15% = $326,855.12 × 15% = $49,028.27 GST/HST new housing rebate in respect of the federal part of the HST = (Consideration × 5%) × 36% = ($326,855.12 × 5%) × 36% = $5,883.39 Formula no. 2 Where the SPNR is more than $396,200 and not more than $517,500 (meaning that the consideration is more than $350,000 and not more than $450,000) the value of consideration payable is determined using the following calculation: Consideration = (SPNR + $28,350) ÷ 1.213 Example The SPNR is $500,000 and all of the above conditions are satisfied. The consideration would be calculated as follows: Consideration = (SPNR + $28,350) ÷ 1.213 = ($500,000 + $28,350) ÷ 1.213 = $435,572.96 Once the consideration is determined, the HST payable and the GST/HST new housing rebate in respect of the federal part of the HST may be calculated as follows: HST payable = Consideration × 15% = $435,572.96 × 15% = $65,335.94 GST/HST new housing rebate in respect of the federal part of the HST = $6,300 × [($450,000 Consideration) ÷ $100,000] = $6,300 × [($450,000 $435,572.96) ÷ $100,000] = $908.90 Further information All GST/HST technical publications are available on the CRA website at cra.gc.ca/gsthsttech. ...
Old website (cra-arc.gc.ca)

New Brunswick and Newfoundland and Labrador HST Rate Increases – Stated Price Net of the GST/HST New Housing Rebate

Formula no. 1 Where the SPNR is not more than $396,200 (meaning that the consideration is not more than $350,000) the value of consideration payable is determined using the following calculation: Consideration = SPNR ÷ 1.132 Example The SPNR is $370,000 and all of the above conditions are satisfied. The consideration would be calculated as follows: Consideration = SPNR ÷ 1.132 = $370,000 ÷ 1.132 = $326,855.12 Once the consideration is determined, the HST payable and the GST/HST new housing rebate in respect of the federal part of the HST may be calculated as follows: HST payable = Consideration × 15% = $326,855.12 × 15% = $49,028.27 GST/HST new housing rebate in respect of the federal part of the HST = (Consideration × 5%) × 36% = ($326,855.12 × 5%) × 36% = $5,883.39 Formula no. 2 Where the SPNR is more than $396,200 and not more than $517,500 (meaning that the consideration is more than $350,000 and not more than $450,000) the value of consideration payable is determined using the following calculation: Consideration = (SPNR + $28,350) ÷ 1.213 Example The SPNR is $500,000 and all of the above conditions are satisfied. The consideration would be calculated as follows: Consideration = (SPNR + $28,350) ÷ 1.213 = ($500,000 + $28,350) ÷ 1.213 = $435,572.96 Once the consideration is determined, the HST payable and the GST/HST new housing rebate in respect of the federal part of the HST may be calculated as follows: HST payable = Consideration × 15% = $435,572.96 × 15% = $65,335.94 GST/HST new housing rebate in respect of the federal part of the HST = $6,300 × [($450,000 Consideration) ÷ $100,000] = $6,300 × [($450,000 $435,572.96) ÷ $100,000] = $908.90 Further information All GST/HST technical publications are available on the CRA website at www.cra.gc.ca/gsthsttech. ...
Current CRA website

New Brunswick and Newfoundland and Labrador HST Rate Increases – Stated Price Net of the GST/HST New Housing Rebate

Formula no. 1 Where the SPNR is not more than $396,200 (meaning that the consideration is not more than $350,000) the value of consideration payable is determined using the following calculation: Consideration = SPNR ÷ 1.132 Example The SPNR is $370,000 and all of the above conditions are satisfied. The consideration would be calculated as follows: Consideration = SPNR ÷ 1.132 = $370,000 ÷ 1.132 = $326,855.12 Once the consideration is determined, the HST payable and the GST/HST new housing rebate in respect of the federal part of the HST may be calculated as follows: HST payable = Consideration × 15% = $326,855.12 × 15% = $49,028.27 GST/HST new housing rebate in respect of the federal part of the HST = (Consideration × 5%) × 36% = ($326,855.12 × 5%) × 36% = $5,883.39 Formula no. 2 Where the SPNR is more than $396,200 and not more than $517,500 (meaning that the consideration is more than $350,000 and not more than $450,000) the value of consideration payable is determined using the following calculation: Consideration = (SPNR + $28,350) ÷ 1.213 Example The SPNR is $500,000 and all of the above conditions are satisfied. The consideration would be calculated as follows: Consideration = (SPNR + $28,350) ÷ 1.213 = ($500,000 + $28,350) ÷ 1.213 = $435,572.96 Once the consideration is determined, the HST payable and the GST/HST new housing rebate in respect of the federal part of the HST may be calculated as follows: HST payable = Consideration × 15% = $435,572.96 × 15% = $65,335.94 GST/HST new housing rebate in respect of the federal part of the HST = $6,300 × [($450,000 Consideration) ÷ $100,000] = $6,300 × [($450,000 $435,572.96) ÷ $100,000] = $908.90 Further information All GST/HST technical publications are available on the CRA website at www.cra.gc.ca/gsthsttech. ...
Technical Interpretation - External

6 June 1994 External T.I. 9337485 - Partie XIII — Droit d'utilisation de logiciels information

6 June 1994 External T.I. 9337485- Partie XIII Droit d'utilisation de logiciels information Unedited CRA Tags 212(1)(d)(vi), 212(1)(d)(i)   5-933748   P. ... Le sous-alinéa 212(1)d)(i) ne s'appliquerait toutefois pas dans les circonstances suivantes: i)      le paiement vise uniquement un droit de production ou de reproduction au Canada de logiciels informatiques selon le sous- alinéa 212(1)d)(vi) de la Loi; ii)     le paiement vise l'achat intégral de logiciels informatiques. ... Le Ministère a réitéré cette position en réponse à la question 29 de la Table Ronde de Revenu Canada lors du 45e Congrès (1993) de l'Association canadienne d'études fiscales ("ACEF"), laquelle mentionnait en partie:      "Un paiement fait à un non-résident pour l'utilisation ou le droit d'utiliser un logiciel adapté pour une période indéfinie équivaut à un paiement fait pour l'utilisation ou le droit d'utiliser une formule secrète ou un procédé de fabrication et est assujetti à l'impôt en vertu du sous-alinéa 212(1)d)(i). ...
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)-Note: For pre-existing accounts, you are required to include the controlling person type if the information is available in your record. ...
Conference

6 October 2017 APFF Roundtable Q. 1, 2017-0708971C6 F - Inactive Corporations & subs. 162(7) ITA

TABLE RONDE SUR LA FISCALITÉ FÉDÉRALE DU 6 OCTOBRE 2017 APFF- CONGRÈS 2017 Question 1 Défaut de production et société inactive L’an dernier, lors du Congrès de l’APFF, l’Agence du revenu du Québec ARQ ») s’était vue poser la question suivante: Il est fréquent qu’une société inactive et n’ayant aucun impôt à payer soit en défaut de produire. ... Réponse de l’ARC à la question 1a) En vertu de la division 150(1)a)(i)(A) de la Loi de l’impôt sur le revenu, L.R.C. (1985), ch. 1 (5e suppl.) L.I.R. ») une société résidente du Canada doit, sans égards au fait qu’elle ait ou non des activités commerciales ou de l’impôt à payer au cours d’une année d’imposition, produire une déclaration de revenus (une « T2 ») pour cette dite année d’imposition, tel qu’il est mentionné dans le document T4012, Guide T2 Déclaration de revenus des sociétés. ... Il est à noter qu’une société se qualifiant à titre de société privée sous contrôle canadien SPCC ») qui a un revenu net pour l’année, aux fins de l’impôt sur le revenu, égal à zéro ou une perte nette peut produire une déclaration T2 abrégée (formulaire T2 Short F) si certaines autres conditions sont remplies (à ce sujet, voir les instructions relatives à ce formulaire et le document T4012, Guide T2 Déclaration de revenus des sociétés). ...
Administrative Letter

28 February 1992 Administrative Letter 9121226 F - Cost of Capital for M & P After 85(1) Rollover

28 February 1992 Administrative Letter 9121226 F- Cost of Capital for M & P After 85(1) Rollover Unedited CRA Tags ITR 5202, 85(1)   February 28, 1992 Application Opinions Merchandising, Manufacturing,   Section Partnerships and Trusts     Section Attention:  Sudev Basuroy G. Kauppinen 957-4363 912122 Cost of Capital for M & P This is in reply to your memorandum dated August 1, 1991 wherein you request our opinion as to the meaning of "cost of capital" for the Manufacturing and Processing Profits calculation in the following circumstances. 1.     Corporation A acquires Class 12 assets (the "assets") and claims 100% capital cost allowance thereon. 2.      ...

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