Search - connection

" Act " means the proposed Excise Tax Act as amended by Bill C-62; " Canada " (a) "Canada" includes: (i) the sea bed and subsoil of the submarine areas adjacent to the coasts of Canada in respect of which the government of Canada or of a province may grant a right, licence or a privilege to explore for or exploit any minerals; and (ii) the seas and airspace above the submarine areas referred to in paragraph (i) in respect of any activities carried on in connection with the exploration for or exploitation of minerals; (b) in or in respect of imports, "Canada" has the same meaning as in the Customs Act; " capital property ", in respect of a person, means property that is, or that would be if the person were a taxpayer under the Income Tax Act, capital property of the person within the meaning of that Act, other than property described in Class 12 or 14 of Schedule II to the Income Tax Regulations; " charity " means a registered charity or registered Canadian amateur athletic association, within the meaning of the Income Tax Act; " commercial activity " means: (a) any business carried on by a person; (b) any adventure or concern of a person in the nature of trade; and (c) any activity engaged in by a person that involves the supply of real property or of a right or interest in respect of real property by that person; but does not include: (d) any activity engaged in by a person to the extent that it involves the making of an exempt supply by the person; (e) any activity engaged in by an individual without a reasonable expectation of profit; or (f) the performance of any duty or activity in relation to an office or employment; " consideration " means money, property, a service, or anything else which induces a supplier to make the supply; " exclusive " in respect of the consumption, use or supply of property or a service, means all or substantially all of the consumption, use or supply of the property or service, and "all or substantially all", in respect of the consumption, use or supply of property or a service by a financial institution, means all of the consumption, use or supply of the property or service; "exempt supply" means a supply included in Schedule V to the Excise Tax Act; " fair market value " of property or a service supplied to a person means the fair market value of the property or service without reference to any tax excluded by section 154 of the Excise Tax Act from the consideration for the supply; " input tax credit " means a credit claimed by a registrant for the Goods and Services Tax paid or payable on any property or services consumed, used or supplied in the course of a commercial activity; " money " will have its ordinary meaning but does not include: (a) currency with a fair market value which exceeds its stated value as legal tender in the country it was issued; and (b) currency that is supplied or held for its numismatic value. ...

NewCo performs activities in connection with the establishment of the commercial activity that it plans to carry on and therefore becomes a registrant. ...

However, there must be a direct connection between the consumption or use of the property or service and the activities engaged in by the person. ...

A commercial activity, as defined by the Excise Tax Act (the Act), includes "(c) the making of a supply (other than an exempt supply) by the person of real property of the person, including anything done by the person in the course of or in connection with the making of the supply. ...

However, by virtue of paragraph 8503(23)(b), David is entitled to use his specified eligibility day under ABC's plan for purposes of satisfying the conditions in subsection 8503(19) in connection with XYZ's plan. ...

Funeral services also include the following when provided under an arrangement for the provision of funeral services: property or services provided for the care and embalming of the deceased; property or services provided in connection with the funeral rite for the deceased; and the transportation of the deceased. ...

Incentive trips Under the Foreign Convention and Tour Incentive Program (FCTIP), a non-resident may claim a rebate in respect of the GST/HST paid on certain purchases made in connection with a foreign convention and on eligible tour packages. ...

Related Bulletins In connection with the subject matter of this bulletin, the current version of one or more of the following bulletins may be of interest to the reader: IT-73 The Small Business Deduction- Income from an Active Business, a Specified Investment Business and a Personal Services Business IT-75 Scholarships, Fellowships, Bursaries, Prizes and Research Grants IT-81 Partnerships- Income of Non-Resident Partners IT-113 Benefits to Employees- Stock Options IT-125 Disposition of Resource Properties IT-161 Non-Residents- Exemption from Tax Deductions at Source on Employment Income IT-163 Election by Non-Resident Individuals on Certain Canadian Source Income IT-168 Athletes and Players Employed by Football, Hockey and Similar Clubs IT-171 Non-Resident Individuals- Computation of Taxable Income Earned in Canada and Non-refundable Tax Credits IT-173 Capital Gains Derived in Canada by Residents of the United States IT-176 Taxable Canadian Property IT-177 Permanent Establishment of a Corporation in a Province and of a Foreign Enterprise in Canada IT-193 Taxable Income of Individuals Resident in Canada during Part of a Year IT-221 Determination of an Individual's Residence Status IT-242 Retired Partners IT-262 Losses of Non-Residents and Part-Time Residents IT-270 Foreign Tax Credit IT-278 Death of a Partner or a Retired Partner IT-385 Disposition of an Income Interest in a Trust IT-434 Rental of Real Property by Individual Date modified: 2002-09-06 ...

Accountants’ and auditors’ working papers include working papers created by or for an independent auditor or accountant in connection with an audit or review engagement, advice papers, and tax accrual working papers (including those that relate to reserves for current, future, potential or contingent tax liabilities). ...

Consequently, the benefit from such a loan will be included in the income in the sixth and succeeding years in the same way as a benefit arising in connection with a home purchase loan, with no off-setting deduction under paragraph 110(1)(j), but subject to the ceiling described in 17 and 18 above. ...