Search - consideration
Results 12161 - 12170 of 13640 for consideration
Scraped CRA Website
Excise and GST/HST News - No. 101
The set on-call fee that is paid in respect of this on-call coverage would be consideration for this taxable supply. Additional amounts paid to compensate the medical practitioner for their intervention in patient care would generally be viewed as consideration for an exempt supply, as that intervention would generally qualify as an exempt supply of a health care service under section 5 of Part II of Schedule V. ... It should also be noted that if the consideration for the supply of the right to call upon the medical practitioner is payable or reimbursed by the government of a province, under a plan established under an act of the legislature of the province to provide for health care services for all insured persons of the province, the supply of the right may be an exempt supply of property under section 9 of Part II of Schedule V. ...
Scraped CRA Website
ARCHIVED - Meaning of Eligible Capital Expenditure
A bonus or premium paid by a mortgagor to a mortgagee in consideration for the mortgagee's consent to an early redemption of the mortgage is considered to constitute an amount paid to a creditor on account or in lieu of payment of any debt and consequently this premium or bonus cannot qualify as an "eligible capital expenditure"; (d) amounts paid or payable by a corporation to a person in his or her capacity as a shareholder. ... Where goodwill, as a recognizable asset, is acquired by the purchaser of a business in the circumstances described in ¶ 6, the consideration given for the goodwill, as well as any legal and accounting fees that can be directly associated with the purchase of the goodwill, will qualify as an eligible capital expenditure. If the portion of the total consideration for the business that is allocated to the goodwill is unreasonable, or if the goodwill has a value which the vendor and purchaser have not specified, the Canada Revenue Agency (CRA) can apply the provisions of section 68 to deem what may reasonably be regarded as the amount for the goodwill. ...
Scraped CRA Website
ARCHIVED - Registered Charities Newsletter No. 32 - Summer 2009
When making the revisions, careful consideration was given to the needs of applicants. ... Draft governing documents can be submitted as part of a complete application, for one‑time consideration. Be aware that, following our initial consideration, you must include complete copies of certified governing documents. ...
Current CRA website
Excise and GST/HST News - No. 88 (Spring 2013)
Election to not account for GST/HST on actual taxable supplies Effective for supplies made after March 21, 2013, the budget proposes to allow a participating employer of a pension plan and a pension entity of the pension plan to make a joint election to treat an actual taxable supply of property or a service by the employer to the pension entity as being made for no consideration where the employer accounts for and remits tax on the deemed supply of the property or service or on the consumption or use of inputs for the purpose of making the actual supply. ... Relief from accounting for tax on deemed taxable supplies Effective for fiscal years of an employer beginning after March 21, 2013, the budget also proposes that: A participating employer of a pension plan would be fully relieved from applying the deemed taxable supply rules in respect of the pension plan for a fiscal year where: an election with a pension entity of the pension plan to treat actual taxable supplies as being made for no consideration (discussed above) is not in effect for the employer; and the amount of the GST (including the federal part of the HST) that the employer was (or would have been, but for this measure) required to account for and remit under the deemed supply rules in respect of the pension plan in its preceding fiscal year is both less than $5,000 and less than 10% of the total net GST (including the federal part of the HST) paid by all pension entities of that pension plan in that preceding fiscal year. ... An employer that is entitled to relief under this provision would also be able to treat its actual taxable supplies as being for no consideration where the election, discussed above, is in effect. ...
Scraped CRA Website
ARCHIVED - Visual Artists and Writers
Many factors must be taken into consideration in establishing whether an individual is an employee or is self-employed. ... In applying this factor, external influences such as economic conditions, changes in the public mood, etc., which may affect the sale of artistic or literary works will be taken into consideration, and (l) the nature of the literary works undertaken by a writer. ... The restrictions in section 67.1 on the amount that may be deducted for food or beverages consumption expenses (i.e., generally, 50% of such expenses-see the current version of IT-518, Food, Beverages and Entertainment Expenses) and the restrictions on motor vehicle expenses (see the current version of IT-521, Motor Vehicle Expenses Claimed by Self-Employed Individuals) must be taken into consideration in determining such travel expenses. ¶ 9. ...
Current CRA website
Land and Associated Real Property
When determining if land that is capital real property of an individual or personal trust is used primarily in a business rather than primarily in non-business uses immediately prior to its sale, consideration must be given to all uses of the land throughout the time it is owned by the individual or personal trust. 4. ... However, consideration should be given to possibility of section 196.1 applying in such circumstances Footnote 17. ... Footnotes Footnote 15 In the absence of legal restrictions such as minimum lot size or functional considerations such as needing additional land for road access, the amount of land considered to form part of the residential complex, i.e., the amount of land considered to be reasonably necessary for the use and enjoyment of the residential unit as a place of residence, would be restricted to a half hectare. ...
Archived CRA website
ARCHIVED - Visual Artists and Writers
Many factors must be taken into consideration in establishing whether an individual is an employee or is self-employed. ... In applying this factor, external influences such as economic conditions, changes in the public mood, etc., which may affect the sale of artistic or literary works will be taken into consideration, and (l) the nature of the literary works undertaken by a writer. ... The restrictions in section 67.1 on the amount that may be deducted for food or beverages consumption expenses (i.e., generally, 50% of such expenses-see the current version of IT-518, Food, Beverages and Entertainment Expenses) and the restrictions on motor vehicle expenses (see the current version of IT-521, Motor Vehicle Expenses Claimed by Self-Employed Individuals) must be taken into consideration in determining such travel expenses. ¶ 9. ...
Archived CRA website
ARCHIVED - Visual Artists and Writers
Many factors must be taken into consideration in establishing whether an individual is an employee or is self-employed. ... In applying this factor, external influences such as economic conditions, changes in the public mood, etc., which may affect the sale of artistic or literary works will be taken into consideration, and (l) the nature of the literary works undertaken by a writer. ... The restrictions in section 67.1 on the amount that may be deducted for food or beverages consumption expenses (i.e., generally, 50% of such expenses-see the current version of IT-518, Food, Beverages and Entertainment Expenses) and the restrictions on motor vehicle expenses (see the current version of IT-521, Motor Vehicle Expenses Claimed by Self-Employed Individuals) must be taken into consideration in determining such travel expenses. ¶ 9. ...
GST/HST Ruling
26 September 2017 GST/HST Ruling 126881 - Eligibility to claim an 83% public service bodies’ rebate
Subsection 259(1) defines “qualifying funding” of the operator of a facility for all or part of a fiscal year of the operator as meaning “a readily ascertainable amount of money (including a forgivable loan but not including any other loan or a refund, remission or rebate of, or credit in respect of, taxes, duties or fees imposed under any statute) that is paid or payable to the operator in respect of the delivery of health care services to the public for the purpose of financially assisting in operating the facility during the fiscal year or part, as consideration for an exempt supply of making the facility available for use in making facility supplies at the facility during the fiscal year or part or as consideration for facility supplies of property that are made available, or services that are rendered, at the facility during the fiscal year or part and is paid or payable by (a) a government, or (b) a person that is a charity, a public institution or a qualifying non-profit organization (i) one of the purposes of which is organizing or coordinating the delivery of health care services to the public, and (ii) in respect of which it is reasonable to expect that a government will be the primary source of funding for the activities of the person that are in respect of the delivery of health care services to the public during the fiscal year of the person in which the supply is made.” ... Subsection 259(1) defines “medical funding” of a supplier in respect of a supply to be “an amount of money (including a forgivable loan but not including any other loan or a refund, remission or rebate of, or credit in respect of, taxes, duties or fees imposed under any statute) that is paid or payable to the supplier in respect of health care services for the purpose of financially assisting the supplier in making the supply or as consideration for the supply by (a) a government, or (b) a person that is a charity, a public institution or a qualifying non-profit organization (i) one of the purposes of which is organizing or coordinating the delivery of health care services to the public, and (ii) in respect of which it is reasonable to expect that a government will be the primary source of funding for the activities of the person that are in respect of the delivery of health care services to the public during the fiscal year of the person in which the supply is made.” ...
GST/HST Ruling
24 July 2017 GST/HST Ruling 138196 - – Eligibility to an 83% public service body rebate
Subsection 259(2.1) defines “qualifying funding” of the operator of a facility for all or part of a fiscal year of the operator as meaning “a readily ascertainable amount of money (including a forgivable loan but not including any other loan or a refund, remission or rebate of, or credit in respect of, taxes, duties or fees imposed under any statute) that is paid or payable to the operator in respect of the delivery of health care services to the public for the purpose of financially assisting in operating the facility during the fiscal year or part, as consideration for an exempt supply of making the facility available for use in making facility supplies at the facility during the fiscal year or part or as consideration for facility supplies of property that are made available, or services that are rendered, at the facility during the fiscal year or part and is paid or payable by (a) a government, or (b) a person that is a charity, a public institution or a qualifying non-profit organization (i) one of the purposes of which is organizing or coordinating the delivery of health care services to the public, and (ii) in respect of which it is reasonable to expect that a government will be the primary source of funding for the activities of the person that are in respect of the delivery of health care services to the public during the fiscal year of the person in which the supply is made.” […][Description of the source of funding that the Corporation receives] […][Description of the source of funding that the Corporation receives] This criterion is thus satisfied. ... Subsection 259(1) defines “medical funding” of a supplier in respect of a supply to be “an amount of money (including a forgivable loan but not including any other loan or a refund, remission or rebate of, or credit in respect of, taxes, duties or fees imposed under any statute) that is paid or payable to the supplier in respect of health care services for the purpose of financially assisting the supplier in making the supply or as consideration for the supply by (a) a government, or (b) a person that is a charity, a public institution or a qualifying non-profit organization (i) one of the purposes of which is organizing or coordinating the delivery of health care services to the public, and (ii) in respect of which it is reasonable to expect that a government will be the primary source of funding for the activities of the person that are in respect of the delivery of health care services to the public during the fiscal year of the person in which the supply is made.” ...