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Gift certificates A gift certificate (including gift cards and online gift certificates) is generally a voucher, receipt, or ticket that meets all of the following conditions: has a stated monetary value or is for a particular supply of property or a service is issued or sold for consideration is accepted as payment or partial payment of the consideration for a supply of property or a service has only to be presented as a means of payment without any obligation imposed on the holder has no intrinsic value Do not collect the GST/HST on the sale of a gift certificate. ... If eligible tour packages are supplied on or before March 22, 2017, they may be eligible for the FCTIP rebate regardless of when the consideration for the supply is paid or the tour takes place. ... The supply of the tour package to the non-resident was made on or before March 22, 2017, or if the suppy was made to the non-resident after that date, it was made before 2018 and all of the consideration for the supply was paid before January 1, 2018. ...

The team leader must ensure that the audit approach takes into consideration the nature of the business, the type of audit to be conducted, and the income of the relevant individuals. ... Documentation supports any significant time variances, as they may affect taxpayer relief considerations and help explain delays in completing the audit. ... The primary consideration must be whether there is any significant advantage. ...

The team leader must ensure that the audit approach takes into consideration the nature of the business, the type of audit to be conducted, and the income of the relevant individuals. ... Documentation supports any significant time variances, as they may affect taxpayer relief considerations and help explain delays in completing the audit. ... The primary consideration must be whether there is any significant advantage. ...

Reference Section 251 Form T2058, Election on Disposition of Property by a Partnership to a Taxable Canadian Corporation Line 162 – This is a joint election form that can be used when the partnership has disposed of property to a corporation and has received as consideration shares of any class of the capital stock of the corporation. ... Advantage The advantage is generally the total value of all property, services, compensation, use or any other benefit that you are entitled to as partial consideration for, in gratitude for, or in any other way related to the gift. ... Promoter A tax shelter promoter is any person who, in the course of a business, sells or issues (or promotes the sale, issuance or acquisition of) the tax shelter or acts as an agent or advisor in respect of such activities or accepts (whether as principal or agent) consideration for the tax shelter. ...

Gift – This is generally a voluntary transfer of property (including money) without valuable consideration. ... Electronic Filing by Tax Preparers A person or partnership is a tax preparer for a calendar year if, in the year, they accept consideration to prepare more than five returns of income of estates or trusts. ... Before allocating income to the beneficiaries, you must first take into consideration the trust's expenses. ...

References Section 54 IT‑170, Sale of Property- When Included in Income Computation IT‑448, Dispositions- Changes in Terms of Securities IT‑460, Dispositions- Absence of Consideration S3-F4-C1, General Discussion of Capital Cost Allowance Designation under paragraph 111(4)(e) Answer yes or no to the question on line 050, page 1 of Schedule 6. ... However, if the donee disposes of the security within 60 months, for consideration other than another non‑qualifying security of any person (this restriction on the type of consideration is applicable after March 21, 2011), or the security ceases to be a non‑qualifying security of the corporation within 60 months, the corporation will be treated as having made the gift at that later time. ...

Calculating your rebate on or for the provincial part of the HST or portion thereof Use the following formula to determine the amount of the rebate you can claim as the recipient of a supply made in a particular participating province of intangible personal property or a service: A- B where A is the amount of the provincial part of HST paid in respect of the supply; and B is the total of all amounts, each of which is determined for a participating province by the formula C × D where C is zero, if the property or service is a specified item in respect of the participating province; and in any other case, the amount of tax that, would have become payable by the person for the supply if that tax were calculated on the amount of consideration for the supply: at the tax rate for the participating province, if the tax rate for the participating province is lower than the tax rate for the particular participating province; or in any other case, at the tax rate for the particular participating province; and D is the extent (expressed as a percentage) to which you acquired the property or service for consumption, use or supply in the participating province. ... Qualifying prepared food and beverages- Ontario only Qualifying prepared food and beverages- Ontario only Qualifying prepared food or beverages that are ready for immediate consumption and that are sold for a total consideration of not more than $4.00 (not including HST), whether consumed on or off the premises where they are sold. ... Rebate amount on tax with respect to intangible personal property or services If you are an investment plan (other than a stratified investment plan with one or more provincial series or a provincial investment plan) and tax is payable under section 218.1 or subsection 220.08(1) in respect of a supply of tangible personal property or a service on the amount of consideration for that supply, use the following formula to determine the amount of the rebate you can claim: I- J where: I is the provincial part of the HST self-assessed under the applicable section referred to above; and J is the total of all amounts, each of which is determined for a participating province by the following formula: K × L where: K is the amount of tax that would have become payable under the applicable section at the particular time if the supply were acquired by the investment plan for consumption, use or supply exclusively in the participating province; and L is the extent (expressed as a percentage) to which the investment plan may reasonably be regarded as holding or investing funds for the benefit of persons that are resident in the participating province. ...

Important considerations for charities include the following: services should not be contracted out to non-charitable entities if they could be delivered as effectively and efficiently using the charity's own resources a charity should fully document procurement, negotiation, and approval of all contracts (see Keeping complete and detailed records relating to fundraising activities) details of purchasing and hiring practices and processes should be disclosed to the public (see Providing disclosures about fundraising costs, revenues, practices, and arrangements) 144. ... A.9 The CRA recognizes that revenues from a donor development drive may not be realized in the same fiscal period as expenditures related to that drive, and will take this into consideration when examining a charity’s activities. ... However, directors and trustees of charities are subject to special considerations in addition to those imposed by the Income Tax Act. ...

In 2015-2016, we developed a tactical plan, taking into consideration the recommendations of the Minister's Underground Economy Advisory Committee. ... Trust is the foundation of Canada's voluntary and self-reporting tax and benefit system and, to this end, the Agency strives to earn the trust of Canadians by incorporating integrity and security considerations into every aspect of our strategic decision-making and daily operations. ... Notwithstanding such considerations, we expect the CRA's paper holdings will diminish over time as take-up of our e-services increases and the use of paper documents diminishes. ...

Calculating your rebate on or for the provincial part of the HST or portion thereof Use the following formula to determine the amount of the rebate you can claim as the recipient of a supply made in a particular participating province of intangible personal property or a service: A- B where: A is the amount of the provincial part of HST paid for the supply B is the total of all amounts, each of which is determined for a participating province by the formula: C × D where: C is one of the following: zero, if the property or service is a specified item in respect of the participating province in any other case, the amount of tax that would have become payable by the person for the supply if that tax were calculated on the amount of consideration for the supply: at the tax rate for the participating province, if the tax rate for the participating province is lower than the tax rate for the particular participating province; or in any other case, at the tax rate for the particular participating province D is the extent (expressed as a percentage) to which you acquired the property or service for consumption, use or supply in the participating province When to file the rebate application You have one year to file your application from the day that the tax became payable. ... Qualifying prepared food and beverages – Ontario only Qualifying prepared food or beverages that are ready for immediate consumption and that are sold for a total consideration of not more than $4.00, whether consumed on or off the premises where they are sold. ... Rebate amount on the provincial part of the HST under subsection 165(2) of the ETA If you are an investment plan or a segregated fund of an insurer (other than a provincial stratified investment plan or a provincial investment plan) and tax is payable under subsection 165(2) use the following formulas to determine the amount of the rebate you can claim for the supply of property or service in a participating province: A- B where: A is the provincial part of the HST B is the total of all amounts, each of which is determined for a participating province by the following formula: C × D where: C is the provincial part of HST that would have become payable under subsection 165(2) for the supply at the particular time if it were calculated at the tax rate for the participating province D is the extent (expressed as a percentage) to which the investment plan may reasonably be regarded as holding or investing funds for the benefit of persons that are resident in the participating province Rebate amount on tax for tangible personal property If you are an investment plan or a segregated fund of an insurer (other than a provincial stratified investment plan or a provincial investment plan) and tax is payable under section 212.1 or 218.1 or subsection 220.06(1) for tangible personal property, use the following formula to determine the amount of the rebate you can claim: E- F where: E is the provincial part of the HST self-assessed under the applicable section or subsection referred to above F is the total of all amounts, each of which is determined for a participating province by the following formula: G × H where: G is the provincial part of the HST that would have become payable under the applicable section or subsection for the property at the particular time if that tax were calculated at the tax rate for the participating province H is the extent (expressed as a percentage) to which the investment plan may reasonably be regarded as holding or investing funds for the benefit of persons that are resident in the participating province Rebate amount on tax for intangible personal property or services If you are an investment plan or a segregated fund of an insurer (other than a provincial stratified investment plan or a provincial investment plan) and tax is payable under section 218.1 or subsection 220.08(1) for a supply of intangible personal property or a service on the amount of consideration for that supply, use the following formula to determine the amount of the rebate you can claim: I- J where: I is the provincial part of the HST self-assessed under the applicable section or subsection referred to above J is the total of all amounts, each of which is determined for a participating province by the following formula: K × L where: K is the amount of tax that would have become payable under the applicable section or subsection at the particular time if the supply were acquired by the investment plan for consumption, use or supply exclusively in the participating province L is the extent (expressed as a percentage) to which the investment plan may reasonably be regarded as holding or investing funds for the benefit of persons that are resident in the participating province Rebate amount on tax payable under subsections 220.05(1) or 220.07(1) of the ETA If you are an investment plan or a segregated fund of an insurer (other than a provincial stratified investment plan or a provincial investment plan), and tax is payable under subsection 220.05(1) or 220.07(1) for bringing tangible personal property into a participating province, use the following formula to calculate your claim: M- N where: M is the provincial part of the HST self-assessed under the applicable subsection referred to above N is the total of all amounts, each of which is determined for a participating province by the following formula: O × P where: O is the provincial part of the HST that would have become payable under the applicable subsection for the bringing in of the property, if the property were brought into the participating province P is the extent (expressed as a percentage) to which the investment plan may reasonably be regarded as holding or investing funds for the benefit of persons that are resident in the participating province When to file the rebate application You have one year to file your application from the day that the tax became payable for the supply. ...