Search - consideration

A trust generally qualifies as a personal trust only if beneficial interests in the trust have not been acquired for consideration payable to the trust or to a contributor of property to the trust. ...

Requests submitted to the Canada Revenue Agency that may have an impact on Canada Education Savings Grant, Canada Education Savings Bond, or provincial incentives will be shared with the Canada Education Savings Program for their consideration or action. ...

It must be clear under the plan terms (either current wording or via plan amendment) that the following conditions are satisfied for a plan administrator to receive favourable consideration from the CRA: the single amount paid to the member must be the final payment the member is no longer a member of the plan following the payment no future entitlement can arise thereafter Question 5- Optional voluntary and flexible contributions Have you considered the possibility of changing the member RPP contribution deadline similar to the one that exists for RRSPs? ...

Thus, a technological uncertainty may arise that is imposed by economic considerations. ...

This paragraph also clarifies that private health services plan premiums, contributions or other consideration paid for by the employer cannot be claimed as eligible medical expenses by an employee under paragraph 118.2(2)(q). ¶1.36 (formerly ¶9(d) of IT-85R2) is updated to reflect a legislative amendment to subsection 6(4), made by S.C. 1995, c.3, s.1, and applies to insurance provided in respect of periods that are after June 1994. ...

(h) Sale of Property Where a taxpayer sells a property at a time when a deductible outlay or expense remains unpaid, and the purchaser assumes the obligation to pay the unpaid amount as full or partial consideration for the purchase, section 78 will not be applied to the taxpayer if the purchaser pays the unpaid amount before the date on which subsection 78(1) becomes operative. ...

Although the assumption of a debt or obligation of a taxpayer by a third party may not constitute payment by the taxpayer in a strict sense, the rules described in 1 above are not applied if the third party receives consideration from the taxpayer at least equivalent to the principal amount of the debt or obligation assumed. 14. ...

Where such certificates are not required, the date of physical completion must be determined on the facts of each case, taking into consideration factors which suggest that the contract is "completed", such as acceptance of the project by the owner except for minor adjustments for incompleted work, or actual occupancy by the owner. ...

A sale of a right or thing for good and valuable consideration does not come within the meaning of the phrase "transferred or distributed" as used in subsection 70(3). ...

If the property is so contributed and each partner receives no consideration other than the partner's interest in the new partnership, the cost of that interest and the proceeds of disposition of the property contributed will be equal to the aggregate of the amounts determined under subsection 98(3) and no capital gain will result. ...