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Specified foreign property is defined in subsection 233.3(1) of the Income Tax Act and includes: funds or intangible property (patents, copyrights, etc.) situated, deposited or held outside Canada tangible property situated outside Canada a share of the capital stock of a non-resident corporation shares of corporations resident in Canada held outside Canada an interest in a non-resident trust that was acquired for consideration an interest in a partnership that holds a specified foreign property unless the partnership is required to file Form T1135 a property that is convertible into, exchangeable for, or confers a right to acquire a property that is specified foreign property a debt owed by a non-resident, including government and corporate bonds, debentures, mortgages, and notes receivable an interest in a foreign insurance policy precious metals, gold certificates, and futures contracts held outside Canada Specified foreign property does not include: a property used or held exclusively in carrying on an active business a share of the capital stock or indebtedness of a foreign affiliate an interest in a trust described in paragraph (a) or (b) of the definition of exempt trust in subsection 233.2(1) a personal-use property as defined in section 54 an interest in, or a right to acquire, any of the above-noted excluded foreign property Filing deadline Individuals, corporations and trusts – Form T1135 is due on the same date as the income tax return. ...

Avoidance of tax debts A new supplementary rule was announced to strengthen the existing tax debt anti-avoidance rule that is intended to prevent taxpayers from avoiding their tax liabilities by transferring their assets to non-arm's length persons for insufficient consideration. ...

When the Canada Revenue Agency (CRA) considers whether to apply ministerial discretion, we may take the following into consideration: Have all of your tax obligations been met for all of your program accounts? ...

Due Date: March 31, 2010 In progress The SD Division proposed sustainable travel provisions for consideration in CRA Parking Directive and CRA Relocation Policy. ... Indicator(s): Percentage of partnership negotiations/discussions that included considerations of sustainability criteria; number of commitments completed in the action plan for integrating SD into partnerships. ... Due Date: March 31, 2010 In progress The Agency is increasingly using SD messages and including SD considerations in its outreach activities and communications to the public. ...

Supplies for nil consideration 12. Note that even though a federal book rebate is not available in these circumstances, selected public service bodies making supplies for nil consideration may still be entitled to claim a public service body rebate to recover a portion of the GST or the federal component of the HST. ... The CCRA will consider publications that relate to and are provided as an accompaniment to a product for no extra consideration to be owner's manuals. ... However, if neither supply is considered to be incidental to the other, then it will be necessary to allocate the consideration between the part attributable to the book and the part attributable to the other item. ...

In general, the HST applies to taxable supplies of property and services made in Ontario for which consideration becomes due, or is paid without having become due, on or after July 1, 2010. ... In general, the HST applies to taxable supplies of property and services made in B.C. for which consideration becomes due, or is paid without having become due, on or after July 1, 2010. ... At the time of registration for GST/HST, a PSB (other than a charity) is assigned annual, quarterly or monthly reporting periods based on the amount of consideration it receives for its taxable supplies. ...

Any use of copyright involved in downloading the product is not an important part of the total consideration paid by the purchaser. ... That is, the lump sum amount will be regarded as having been made or incurred as consideration for insurance for a period after the end of a taxation year. ... Question 3 Are there any other important considerations when a particular property is purchased under a business expansion? ...

With respect to the five preceding questions, consideration must be given to the scientific or technological knowledge base and the business environment of the individual company. ... A technological uncertainty may thus arise that is imposed by economic considerations. ... It is important to realize that consideration is given to the exclusions only after it has been determined that there is SR&ED. ...

Question 7 When requesting an advance income tax ruling on the reasonableness of shareholder/manager remuneration under section 67 of the Act, are there any important considerations that should be kept in mind? ... The courts have described interest in general terms as “the return or consideration or compensation for the use or retention by one person of a sum of money, belonging to... or owed to, another”. ... In this situation, the most important consideration is whether the farm has generated, or can be expected to generate enough income to support the taxpayer's lifestyle. ...

Supplies for nil consideration 12. Note that even though a federal book rebate is not available in these circumstances, selected public service bodies making supplies for nil consideration may still be entitled to claim a public service body rebate to recover a portion of the GST or the federal component of the HST. ... The CCRA will consider publications that relate to and are provided as an accompaniment to a product for no extra consideration to be owner's manuals. ... However, if neither supply is considered to be incidental to the other, then it will be necessary to allocate the consideration between the part attributable to the book and the part attributable to the other item. ...