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Contents Application Summary Discussion and Interpretation Separate returns (¶ 1) Credits and deductions allowed Deductions in computing taxable income (¶s 2, 3) Non-refundable tax credits (¶s 4-8) Credits and deductions not allowed Deductions in computing net income (¶ 9) Deductions in computing taxable income (¶ 10) Tax credits (¶s 11-13) Other considerations (¶s 14-16) Explanation of Changes Application This bulletin replaces and cancels Interpretation Bulletin IT-326R2 dated February 2, 1990. ... " Other considerations ¶ 14. Pursuant to subsection 110.4(5), the forward averaging amount brought into income under subsection 110.4(2) cannot be reported in any of the separate returns filed as "another person. ...

Slide 4- Objective Renee: The purpose of today’s presentation is to familiarize you with how to manage your charity’s books and records, along with other important considerations. ... Slide 24 – Other considerations Renee: And to close out the presentation, here are a few other points to consider with regards to books and records. ...

Other considerations 8.1 Operating in collaboration with a non-qualified donee (grantee or intermediary) 8.2 Community economic development 8.3 Tax implications 9. ... Other considerations 8.1 Operating in collaboration with a non-qualified donee (grantee or intermediary) 27. ...

Contents Application Summary Discussion and Interpretation Separate returns (¶ 1) Credits and deductions allowed Deductions in computing taxable income (¶s 2, 3) Non-refundable tax credits (¶s 4-8) Credits and deductions not allowed Deductions in computing net income (¶ 9) Deductions in computing taxable income (¶ 10) Tax credits (¶s 11-13) Other considerations (¶s 14-16) Explanation of Changes Application This bulletin replaces and cancels Interpretation Bulletin IT-326R2 dated February 2, 1990. ... " Other considerations ¶ 14. Pursuant to subsection 110.4(5), the forward averaging amount brought into income under subsection 110.4(2) cannot be reported in any of the separate returns filed as "another person. ...

Contents Application Summary Discussion and Interpretation General Considerations (¶s 1-2) Source of the Assistance (¶ 3) Reduction of the Cost of Capital Property Depreciable property (¶ 4) Non-depreciable capital property (¶ 5) Assistance provided in respect of eligible capital expenditures (¶ 6) Amounts Included in Income Under Paragraph 12(1)(x) Application of paragraph 12(1)(x) (¶ 7) Exceptions to the paragraph 12(1)(x) requirement (¶ 8) Prescribed amounts (¶ 9) Election to reduce the cost of capital property (¶s 10-13) Election to reduce the amount of an outlay or expense (¶s 14-15) Forgivable loans and guarantees (¶ 16) Tax credits and deductions from tax (¶ 17) Refunds (¶ 18) Partnerships and Trusts (¶ 19) Assistance Provided in Respect of Resource Property (¶ 20) Investment Tax Credit (¶ 21) Goods and Services Tax (¶ 22) Inducements to Medical Practitioners (¶ 23) Assistance from a Foreign Government (¶ 24) Natural Disasters (¶ 25) Repayments of Assistance General (¶ 26) Repayments of assistance in respect of eligible capital expenditures (¶ 27) Repayments of assistance in respect of non-depreciable capital property (¶ 28) Repayments of assistance in respect of depreciable property (¶ 29) Repayments of assistance after amalgamation (¶ 30) Explanation of Changes Application This bulletin cancels and replaces Interpretation Bulletin IT-273R dated January 19, 1981, its Special Release dated December 31, 1981, and IT-182 dated October 28, 1974. ... Discussion and Interpretation General Considerations ¶ 1. A taxpayer carrying on a business or earning income from property may receive some form of financial assistance from a government source as an inducement (e.g., measures to increase employment, measures to reduce production of certain inventory such as fish or produce), as a result of some governmental action other than expropriation (such as an order for the destruction of certain capital assets or inventory of the taxpayer, e.g., animals suffering from disease), or in respect of an income or property loss caused by a disaster (such as a flood, frost or explosion). ... Although consideration should also be given to the nature of the functions performed by the entity, a public authority is generally an entity which: (a) has a duty to the public; (b) is subject to a significant degree of governmental control; and (c) uses its profits for the benefit of the public. ...

Ethical considerations VII.B. Dissemination and accessibility requirements VII.B.i. ... Ethical considerations 28. The CRA expects any charity conducting or funding charitable research that involves human subjects to assess, at the outset, whether any ethical questions might arise. ... Research is a charitable activity when any decisions regarding the protection and use of intellectual property arising from research results are made with the charitable purpose and its associated public benefit as the primary consideration. ...

Contents Application Summary Discussion and Interpretation General Considerations (¶s 1-2) Source of the Assistance (¶ 3) Reduction of the Cost of Capital Property Depreciable property (¶ 4) Non-depreciable capital property (¶ 5) Assistance provided in respect of eligible capital expenditures (¶ 6) Amounts Included in Income Under Paragraph 12(1)(x) Application of paragraph 12(1)(x) (¶ 7) Exceptions to the paragraph 12(1)(x) requirement (¶ 8) Prescribed amounts (¶ 9) Election to reduce the cost of capital property (¶s 10-13) Election to reduce the amount of an outlay or expense (¶s 14-15) Forgivable loans and guarantees (¶ 16) Tax credits and deductions from tax (¶ 17) Refunds (¶ 18) Partnerships and Trusts (¶ 19) Assistance Provided in Respect of Resource Property (¶ 20) Investment Tax Credit (¶ 21) Goods and Services Tax (¶ 22) Inducements to Medical Practitioners (¶ 23) Assistance from a Foreign Government (¶ 24) Natural Disasters (¶ 25) Repayments of Assistance General (¶ 26) Repayments of assistance in respect of eligible capital expenditures (¶ 27) Repayments of assistance in respect of non-depreciable capital property (¶ 28) Repayments of assistance in respect of depreciable property (¶ 29) Repayments of assistance after amalgamation (¶ 30) Explanation of Changes Application This bulletin cancels and replaces Interpretation Bulletin IT-273R dated January 19, 1981, its Special Release dated December 31, 1981, and IT-182 dated October 28, 1974. ... Discussion and Interpretation General Considerations ¶ 1. A taxpayer carrying on a business or earning income from property may receive some form of financial assistance from a government source as an inducement (e.g., measures to increase employment, measures to reduce production of certain inventory such as fish or produce), as a result of some governmental action other than expropriation (such as an order for the destruction of certain capital assets or inventory of the taxpayer, e.g., animals suffering from disease), or in respect of an income or property loss caused by a disaster (such as a flood, frost or explosion). ... Although consideration should also be given to the nature of the functions performed by the entity, a public authority is generally an entity which: (a) has a duty to the public; (b) is subject to a significant degree of governmental control; and (c) uses its profits for the benefit of the public. ...

Ethical considerations VII.B. Dissemination and accessibility requirements VII.B.i. ... Ethical considerations 28. The CRA expects any charity conducting or funding charitable research that involves human subjects to assess, at the outset, whether any ethical questions might arise. ... Research is a charitable activity when any decisions regarding the protection and use of intellectual property arising from research results are made with the charitable purpose and its associated public benefit as the primary consideration. ...

Contents Application Summary Discussion and Interpretation General Considerations (¶s 1-2) Source of the Assistance (¶ 3) Reduction of the Cost of Capital Property Depreciable property (¶ 4) Non-depreciable capital property (¶ 5) Assistance provided in respect of eligible capital expenditures (¶ 6) Amounts Included in Income Under Paragraph 12(1)(x) Application of paragraph 12(1)(x) (¶ 7) Exceptions to the paragraph 12(1)(x) requirement (¶ 8) Prescribed amounts (¶ 9) Election to reduce the cost of capital property (¶s 10-13) Election to reduce the amount of an outlay or expense (¶s 14-15) Forgivable loans and guarantees (¶ 16) Tax credits and deductions from tax (¶ 17) Refunds (¶ 18) Partnerships and Trusts (¶ 19) Assistance Provided in Respect of Resource Property (¶ 20) Investment Tax Credit (¶ 21) Goods and Services Tax (¶ 22) Inducements to Medical Practitioners (¶ 23) Assistance from a Foreign Government (¶ 24) Natural Disasters (¶ 25) Repayments of Assistance General (¶ 26) Repayments of assistance in respect of eligible capital expenditures (¶ 27) Repayments of assistance in respect of non-depreciable capital property (¶ 28) Repayments of assistance in respect of depreciable property (¶ 29) Repayments of assistance after amalgamation (¶ 30) Explanation of Changes Application This bulletin cancels and replaces Interpretation Bulletin IT-273R dated January 19, 1981, its Special Release dated December 31, 1981, and IT-182 dated October 28, 1974. ... Discussion and Interpretation General Considerations ¶ 1. A taxpayer carrying on a business or earning income from property may receive some form of financial assistance from a government source as an inducement (e.g., measures to increase employment, measures to reduce production of certain inventory such as fish or produce), as a result of some governmental action other than expropriation (such as an order for the destruction of certain capital assets or inventory of the taxpayer, e.g., animals suffering from disease), or in respect of an income or property loss caused by a disaster (such as a flood, frost or explosion). ... Although consideration should also be given to the nature of the functions performed by the entity, a public authority is generally an entity which: (a) has a duty to the public; (b) is subject to a significant degree of governmental control; and (c) uses its profits for the benefit of the public. ...

10-Year Repayment Rule Proportional Repayment Rule Tax payable Tax payable on DAPs Tax deduction at source Tax payable on non-qualified investment Tax payable where inadequate consideration Tax payable on an advantage Tax payable on use of property as security Waiver of liability Online services My Account MyCRA – the web app for individual taxpayers on the go Electronic payments For more information What if you need help? ... Tax payable where inadequate consideration This tax applies for a calendar year if, in the year, an RDSP trust: disposes of property for an amount less than the FMV of the property at the time of the disposition, or for no amount at all; or acquires property for an amount greater than the FMV of the property at the time of acquisition. ... Amount of tax payable The amount of tax payable for each disposition or acquisition is: the amount by which the FMV differs from the consideration; or if there is no consideration, the amount of the FMV. ...