Search - consideration

. ¶1.6(g) and (h) have been added to reflect previously published CRA guidance on this form of non-qualifying consideration. ¶1.7 (formerly included in ¶6, ¶7 and ¶8 of IT-450R) has been revised to provide clarity. ...

Update March 17, 2023 ¶1.13 was amended to better reflect bijuralism by adding the following as the final sentence: “However, consideration should be given to whether the inclusion of such directions in the will is valid under the relevant provincial law and that the spouse trust has been validly constituted.” ...

The Department considers that such a method of payment is prima facie evidence that the consideration is in respect of the sale of mineral or petroleum rights. 5. ...

(ii) the amount by which the fair market value of the property, at the time it was transferred, exceeds the fair market value, at that time, of the consideration given for the property. ...

The following may be used as factors that can be taken into consideration and favour an application: A dominant charitable purpose combined with other non-charitable purposes and activities, might be acceptable, provided they are ancillary and incidental to the dominant purpose An activity to generally apply funds to services and facilities of tangible properties, and the development of an infrastructure as a framework for a tourism industry, as opposed to promoting an activity to attract large numbers of people A reasoned argument by the organization to support the promotion of tourism in a particular region as a means of significantly stimulating the local economy. ...

This provision applies whether the property returned is: the same property that was donated property that is identical to the donated property a substitute for the donated property This provision does not apply if property is transferred to a donor as reasonable consideration or payment for another property or services. ...

It is well established at law that a gift is a voluntary transfer of property for which donors receive no consideration (i.e., no direct and exclusive personal benefit for themselves or other persons in which they have a purely private and personal interest) in return for the gift. ...

Promoters who file false or misleading information in their application for a tax shelter number, or that sell, issue, or accept consideration in respect of a tax shelter before an identification number has been issued, are liable to a penalty. ...

Note: When an adverse event has prevented a large number of taxpayers from meeting their tax obligations, we may issue a news release to announce that we may give special consideration to providing relief. ...

The Serving You Better consultations that were held at the end of 2016 highlight the government's commitment to take into consideration the points of view of stakeholders and adapt government services to their needs. ...