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.: produce for his own consumption rather than for sale, any expenses incurred in connection therewith should be excluded from the operating expenses of the farm. ...

It is important that charities set a fair market value on receipts for donated works of art, at the time of donation, by having the art appraised by an independent appraiser, that is, one who does not have a financial connection with the donor, with the charity, or with the art being given. ...

If damages are incurred in connection with the acquisition of an asset for which capital cost allowance may be claimed, the cost of the damages is included in the capital cost of that asset (or the CCA class to which the asset belongs). ... If damages are incurred in connection with the acquisition or production of inventory, the cost of the damages is included in the cost of inventory. If damages are incurred in connection with the disposition of a capital property, the cost of the damages is taken into account under subsection 40(1) for the purposes of calculating any gain or loss on that disposition. ...

Assume the following set of facts: (a) Lease charges payable for the year for the vehicle ($750 per month) $ 9,000 (b) Days in the year that the vehicle was leased under the particular lease 365 (c) Days in the previous year that the vehicle was leased under the particular lease 184 (d) Amount deducted in the previous year for the vehicle based on the application of the formulas in 10 above for that year $ 3,545 (e) Manufacturer's list price for the vehicle $ 30,000 (f) Refundable amount $ 12,000 (1) (g) Prescribed rate under section 4301 of the Regulations 10% (2) (h) Reimbursements receivable for the year in connection with the lease of the vehicle $ 800 (i) Reimbursements receivable for the year and for previous years in connection with the lease of the vehicle $ 1,200 Based on the above, D of the formula in 10(a) above is $1,655; that is, 549/365 × [($12,000- $1000) ×.10], and D of the formula in 10(b) is $1,100; that is, ($12,000- $1,000) ×.10 Computation The "eligible" leasing cost is the lesser of (i) ($748 (3) × 549) ÷ 30- $3,545- 1,655- 1,200 = $7,288 and (ii) ($9,000 × $27,600 (4)) ÷ (.85 × $32,470 (5))- $1,100- 800 = $7,100 or $7,100 (1) The refundable amount of $12,000 represents an interest free loan made to the lessor by the individual at the beginning of the lease and that is to be paid back by the lessor at the end of the lease. (2) To simplify the example, the rate for the full 18 months is assumed to be 10%. ... Lethe has an office in her home where she does all of the administration work in connection with her practice. ... The amendment deletes the reference to provincial sales tax and permits taxpayers using the cash basis method of calculating income to deduct amounts paid in connection with the cost of leasing a passenger vehicle; to describe the relevant prescribed amounts; and to delete a position that relates to individuals who compute income under section 28 and, as a result of a prepayment under a lease, pay an amount in a year that exceeds the amount deductible in the year under section 67.3. ...

Assume the following set of facts: (a) Lease charges payable for the year for the vehicle ($750 per month) $ 9,000 (b) Days in the year that the vehicle was leased under the particular lease 365 (c) Days in the previous year that the vehicle was leased under the particular lease 184 (d) Amount deducted in the previous year for the vehicle based on the application of the formulas in 10 above for that year $ 3,545 (e) Manufacturer's list price for the vehicle $ 30,000 (f) Refundable amount $ 12,000 (1) (g) Prescribed rate under section 4301 of the Regulations 10% (2) (h) Reimbursements receivable for the year in connection with the lease of the vehicle $ 800 (i) Reimbursements receivable for the year and for previous years in connection with the lease of the vehicle $ 1,200 Based on the above, D of the formula in 10(a) above is $1,655; that is, 549/365 × [($12,000- $1000) ×.10], and D of the formula in 10(b) is $1,100; that is, ($12,000- $1,000) ×.10 Computation The "eligible" leasing cost is the lesser of (i) ($748 (3) × 549) ÷ 30- $3,545- 1,655- 1,200 = $7,288 and (ii) ($9,000 × $27,600 (4)) ÷ (.85 × $32,470 (5))- $1,100- 800 = $7,100 or $7,100 (1) The refundable amount of $12,000 represents an interest free loan made to the lessor by the individual at the beginning of the lease and that is to be paid back by the lessor at the end of the lease. (2) To simplify the example, the rate for the full 18 months is assumed to be 10%. ... Lethe has an office in her home where she does all of the administration work in connection with her practice. ... The amendment deletes the reference to provincial sales tax and permits taxpayers using the cash basis method of calculating income to deduct amounts paid in connection with the cost of leasing a passenger vehicle; to describe the relevant prescribed amounts; and to delete a position that relates to individuals who compute income under section 28 and, as a result of a prepayment under a lease, pay an amount in a year that exceeds the amount deductible in the year under section 67.3. ...

The Department's view is that where the provisions of subsection 85(3) are otherwise met, its application is not denied only because the partnership has, immediately before the winding-up, money other than money received in connection with the disposition of property to the corporation. ...

Consideration may be received by grantors of options to acquire property or to dispose of property, in connection with the granting, extension, or renewal of such options. ...

For purposes of determining whether the 25% ownership requirement in connection with a share described in 1(c) above is met, an interest in (this applies only after July 13, 1990) or an option on a share should be taken into account. ...

Report prizes and awards you received as a benefit from your employment or in connection with a business. ...