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Our Comments: An amount paid as a premium, contribution or other consideration under a "private health services plan" in respect of a individual and/or the individual's spouse qualifies as a medical expense under paragraph 118.2(2)(q) of the Income Tax Act ("Act") to the extent that the payment was not deducted by the individual as a business expense under subsection 20.01(1) of the Act. ...

Flaherty, Minister of Finance, for his consideration. I appreciate the opportunity to respond to your concerns and I trust that this referral will be helpful. ...

As mentioned in your letter, a securities lending arrangement ("SLA") may comprise two types of payment:-a fee paid by the borrower to the lender as consideration for the use of the security;-a dividend compensation payment to remit to the lender all amounts paid as dividends or interest on the underlying security. ...

Flaherty, Minister of Finance, for his consideration. I trust the information provided and the referral will be of assistance. ...

Flaherty, Minister of Finance, for his consideration. I trust the information provided and the referral will be helpful. ...

Flaherty, Minister of Finance, for his consideration. I trust that the information I have provided and the referral will be helpful. ...

However, as it is the role of the CRA is to administer and enforce the Act and Regulations as enacted by Parliament, we have forwarded your letter to both the Registered Plan Directorate and the Individual Returns and Payments Processing Directorate of the CRA for their consideration. ...

As noted in your letter, paragraph 8 of Interpretation Bulletin IT-75R4, Scholarships, Fellowships, Bursaries, Prizes, and Research Grants, does state that if an employer-employee relationship has not yet been established and an individual receives an award in consideration for undertaking to enter into employment with the person granting the award upon completion of the program of study, the amounts received are taxable under subparagraph 56(1)(n)(i) of the Act. ...

Position: The AG has recommended that a statement of assets and liabilities (a balance sheet) be required to be filed with the T3 return; her recommendation is under consideration Reasons: See 2005 AG report, chapter 3 in particular for full details of the AG's recommendations with respect to the assessment and auditing of trusts. 2006 STEP Round Table Q1. ...

I am therefore forwarding a copy of our correspondence to Minister Flaherty for his consideration. ...