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Examples of such transactions are the sale of a franchise or licence for an unlimited period, the sale of goodwill in connection with a business, the outright sale of a process and the sale of certain rights. ... Subparagraph 14(5)(a)(iv) has a "mirror image test" to determine whether an amount which a taxpayer has received or may become entitled to receive in connection with a business as a result of a disposition of property, is proceeds from the disposition of EC property resulting in an EC amount. ... In other words, a taxpayer disposing of property in connection with a business looks in the mirror to see whether, if the taxpayer were instead purchasing the property, its cost would qualify as an EC expenditure of the taxpayer for the same business. ...

On this page How to determine the taxable amount for the sale of a luxury item What to include What not to include Example of luxury tax calculation How to determine the taxable amount in other circumstances What is fair market value (FMV) Example of luxury tax calculation How to determine the taxable amount for the sale of a luxury item If you are a vendor that sells luxury items, the taxable amount is the value of consideration in connection with the sale of the luxury item. The value of consideration includes: the price of the luxury item being sold the price of any improvements (that is, goods that are installed on the luxury item or physically performed services that modify the luxury item) that are made in connection with the sale of the luxury item the price of any incidental goods and services that are supplied with the luxury item being sold any fees that relate to the sale of the luxury item any payable federal and provincial levies other than the GST/HST and the provincial sales tax in British Columbia, Saskatchewan, Manitoba and Quebec Where applicable, you must include all of the above in calculating the luxury tax on the sale of a luxury item. ... The dealership charges the purchaser for various improvements, incidentals, fees and levies in connection with the sale of the subject vehicle. ...

The same applies in connection with any client trust account held by a lawyer in trust for a single client in connection with legal services if the above-referenced conditions are satisfied and the lawyer’s actions in connection with the opening, use and management of the account are regulated by a law society in Canada. ... TIN is a mandatory reporting element in connection with any new account that is a U.S. reportable account. ... However, there is a phase-in period in connection with preexisting accounts. ...

The CRA considers that incorporation expenses and similar expenses incurred in the setting up of a new corporation or in connection with an amalgamation of two or more corporations, as well as expenses incurred in connection with the reorganization of the affairs of a corporation (including the costs of supplementary letters patent), are "eligible capital expenditures" if they meet the requirements of that definition in subsection 14(5) as explained in ¶ 2. ... If damages were paid or incurred in connection with the acquisition of an eligible capital property, the cost of the damages would be added to the eligible capital expenditure pertaining to that property. ... Expenses incurred in connection with the issue of shares of the capital stock of a corporation are discussed in ¶ 18. ...

The CRA considers that incorporation expenses and similar expenses incurred in the setting up of a new corporation or in connection with an amalgamation of two or more corporations, as well as expenses incurred in connection with the reorganization of the affairs of a corporation (including the costs of supplementary letters patent), are "eligible capital expenditures" if they meet the requirements of that definition in subsection 14(5) as explained in ¶ 2. ... If damages were paid or incurred in connection with the acquisition of an eligible capital property, the cost of the damages would be added to the eligible capital expenditure pertaining to that property. ... Expenses incurred in connection with the issue of shares of the capital stock of a corporation are discussed in ¶ 18. ...

The CRA considers that incorporation expenses and similar expenses incurred in the setting up of a new corporation or in connection with an amalgamation of two or more corporations, as well as expenses incurred in connection with the reorganization of the affairs of a corporation (including the costs of supplementary letters patent), are "eligible capital expenditures" if they meet the requirements of that definition in subsection 14(5) as explained in ¶ 2. ... If damages were paid or incurred in connection with the acquisition of an eligible capital property, the cost of the damages would be added to the eligible capital expenditure pertaining to that property. ... Expenses incurred in connection with the issue of shares of the capital stock of a corporation are discussed in ¶ 18. ...