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Philip Lawrence (CPC) again asked why SINs were not used and what the OAG’s considerations were on that; the OAG noted it was a policy choice related to the speed of getting the CEWS support out. ... Nevertheless, the CRA’s decision was made by balancing several important considerations: Timeframes and technology capability: Building a system to collect SINs, cross match them to employer accounts and manage which ones were getting benefits for which companies during which period would have been complex and taken a significant amount of time to build. ...

If the corporation has filed returns and its retained earnings account is in a positive position, consideration should be given to reassessing the shareholders for deemed dividends under subsection 84(2) for the year in which the corporation was dissolved. ... It must be made under seal or by consideration. Renunciation The refusal of a beneficiary to accept their interest in an estate or the refusal of an individual named to a fiduciary capacity to accept the appointment. ...

Claim preparer (for the purposes of claim preparer information) A claim preparer of an SR&ED form means a person or partnership who agrees to accept consideration to prepare, or assist in the preparation of, the form but does not include an employee who prepares, or assists in the preparation of, the form in the course of performing their duties of employment. ... The taxable income in the previous tax year or in the last tax year ending in the preceding calendar year is calculated before taking into consideration the specified future tax consequences for that previous year. ...

., GST and the federal part of the HST) included on line 405 of the GST34 (or GST62) return and non-registrants enter the total amount self-assessed included on line 402 of Form GST59, GST/HST Return for Imported Taxable Supplies and Qualifying Consideration. ... In general, if you are a non-registrant you would include on line 405 any amounts reported on line 505 of Form GST489, Return for Self- Assessment of the Provincial Part of Harmonized Sales Tax (HST) and/or line 402 of Form GST59, GST/HST Return for Imported Taxable Supplies and Qualifying Consideration. ... This includes self assessed amounts paid by a non-registrant when Form GST489, Return for Self- Assessment of the Provincial Part of Harmonized Sales Tax (HST) and/or Form GST59, GST/HST Return for Imported Taxable Supplies and Qualifying Consideration was filed. ...

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. ...

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. ...