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Where the HST applies to the resale of housing by a "first reseller" (defined below) of the housing, the first reseller would be entitled to claim an input tax credit (ITC) or a rebate equal to 4.5% of the consideration paid by the first reseller on their grandparented purchase of the housing. ... If entitled to claim a rebate for 4.5% of the consideration, the first reseller would claim that rebate on a new rebate application form that will be available on the CRA Web site by April 1, 2013. If entitled to claim an ITC equal to 4.5% of the consideration, the first reseller would claim the amount on their GST/HST return. ...

Examples of subjective audit issues, in the context of negotiating and executing an audit agreement, include: Income tax issues: valuation of certain benefits, equity, services or property (e.g. market rate vs. bulk rate); business purpose; reasonableness of expenses; consideration for supply (e.g. determining fair market value); timing of an event (e.g. a change in use of property, when a hobby becomes a business, etc.); legitimate doubt or ambiguity regarding the interpretation of a legislative provision in relation to the particular facts where more than one view could be consistent with existing case law and CRA interpretive positions; employed vs. self-employed; or residency issues. ... These considerations should be adequately documented in the audit file. ... If the taxpayer has legal representation, or if the taxpayer has provided a draft audit agreement and waiver document, then consideration should be given to involving CRA Legal Services unless the matter is routine. ...

However, it must be established that there is SR&ED (refer to the Guidelines on the Eligibility of Work for SR&ED Tax Incentives) before any consideration is given to the type of asset resulting from the SR&ED. ... Therefore, a pilot plant is sized taking into consideration the SR&ED to be conducted in / on it. ... What is important is that the determination of the type of the asset must take into consideration the facts of the actual use made of the facilities and equipment. ...

Examples of subjective audit issues, in the context of negotiating and executing an audit agreement, include: Income tax issues: valuation of certain benefits, equity, services or property (e.g. market rate vs. bulk rate); business purpose; reasonableness of expenses; consideration for supply (e.g. determining fair market value); timing of an event (e.g. a change in use of property, when a hobby becomes a business, etc.); legitimate doubt or ambiguity regarding the interpretation of a legislative provision in relation to the particular facts where more than one view could be consistent with existing case law and CRA interpretive positions; employed vs. self-employed; or residency issues. ... These considerations should be adequately documented in the audit file. ... If the taxpayer has legal representation, or if the taxpayer has provided a draft audit agreement and waiver document, then consideration should be given to involving CRA Legal Services unless the matter is routine. ...

We may give special consideration for an earlier effective registration date where there is a transfer of assets between plans related to a buy/sell agreement for the ongoing pension coverage of the plan members. ... The person who is the administrator, or the majority of persons who form the body that is the administrator, must be resident in Canada except as otherwise allowed in writing by the Minister. 2.5.1 Non-Resident Administrator Consideration will be given to allow a non-resident to be the plan administrator. ... A letter of undertaking from the non-resident administrator confirming the above-mentioned requirements must be provided prior to our consideration for approval. ...

In such cases, consideration may be given to waiving penalties and interest in whole or in part for the period beginning on the first payment due date under the payment arrangement until the amounts owing are paid, provided the agreed payments are made on time. 14. Consideration would not generally be given to cancelling penalties based on an inability to pay or financial hardship unless an extraordinary circumstance has prevented compliance. ... For example, when a business is experiencing extreme financial difficulty, and enforcement of such penalties would jeopardize the continuity of its operations, the jobs of the employees and the welfare of the community, consideration may be given to providing relief of the penalties. ...

It should be noted that these findings are based on leading practices, and are not specific requirements in the IIA standards, but are being provided for CRA-IA’s consideration. ... It should be noted that these findings are based on leading practices, and are not specific requirements in the IIA standards, but are being provided for CRA-IA’s consideration. 2.4.1. ... Conformance ratings against IIA Standards Criteria Generally Conforms Partially Conforms Does Not Conform 1000 – Purpose, Authority, and Responsibility 1010 – Recognition of the Definition of Internal Auditing, the Code of Ethics, and the Standards in the Internal Audit Charter X 1100 – Independence and Objectivity 1110 – Organizational Independence X 1111 – Direct Interaction with the Board X 1120 – Individual Objectivity X 1130 – Impairment to Independence or Objectivity X 1200 – Proficiency and Due Professional Care 1210 – Proficiency X 1220 – Due Professional Care X 1230 – Continuing Professional Development X 1300 – Quality Assurance and Improvement Program 1310 – Requirements of the Quality Assurance and Improvement Program X 1311 – Internal Assessments X Rec. 2.3.1 1312 – External Assessments X 1320 – Reporting on the Quality Assurance and Improvement Program X Rec. 2.3.1 1321 – Use of “Conforms with the International Standards for the Professional Practice of Internal Auditing ” X 1322 – Disclosure of Nonconformance X 2000 – Managing the Internal Audit Activity 2010 – Planning X 2020 – Communication and Approval X 2030 – Resource Management X 2040 – Policies and Procedures X 2050 – Coordination X 2060 – Reporting to Senior Management and the Board X Rec. 2.3.1 2070 – External Service Provider and Organizational Responsibility for Internal Auditing X 2100 – Nature of Work 2110 – Governance X 2120 – Risk Management X 2130 – Control X 2200 – Engagement Planning 2201 – Planning Considerations X 2210 – Engagement Objectives X 2220 – Engagement Scope X 2230 – Engagement Resource Allocation X 2240 – Engagement Work Program X 2300 – Performing the Engagement 2310 – Identifying Information X 2320 – Analysis and Evaluation X Rec. 2.3.2 2330 – Documenting Information X Rec. 2.3.2 2340 – Engagement Supervision X Rec. 2.3.2 2400 – Communicating the Results 2410 – Criteria for Communicating X 2420 – Quality of Communications X 2421 – Errors and Omissions X 2430 – Use of “Conducted in Conformance with the International Standards for the Professional Practice of Internal Auditing ” X 2431 – Engagement Disclosure of Nonconformance X 2440 – Disseminating Results X 2450 – Overall Opinions X 2500 – Monitoring Progress X 2600 – Communicating the Acceptance of Risks X IIA Ethic Code X Page details Date modified: 2016-10-13 ...

Much of the FOSO is based on these assumptions, best estimates, and judgment and gives due consideration to materiality. ... The main assumptions and considerations underlying the forecasts are as follows: a) The CRA’s activities remain substantially the same as in the previous year, while factoring continued funding reductions for pandemic related measures and cost recovery for administration activities. b) Operating expenses are reduced as per the government spending reduction measures announced in Budget 2023. c) Expenses and revenues, including the determination of amounts internal and external to the government, are based on historical experience. ... Certain services received on a without charge basis, including inter-entity transfers of tangible capital assets for nominal or no consideration, are recorded for departmental financial statement purposes at the carrying amount. ...

Heavy-duty vehicles are not included Not applicable Right-sized and most fuel efficient light-duty vehicles are purchased Number and percentage of vehicles purchased that meet the requirements 100% of the four light-duty vehicles purchased were right-sized for operational needs and purchased in accordance with the federal Government Motor Vehicle Ordering Guide Support the transition to a low-carbon economy through green procurement Ensure all procurement and materiel management specialists are trained in green procurement (i.e. the Canada School of Public Service course on green procurement, or equivalent) within one year of being identified as a specialist 12.7 Number and percentage of procurement and materiel management specialists trained in green procurement 100% of the CRA’s 49 procurement and materiel management functional specialists were trained in green procurement Ensure all managers and heads of procurement and materiel management include green procurement in their performance evaluations 12.7 Number and percentage of managers and heads of procurement and materiel management that include green procurement in their performance evaluations The CRA’s 6 managers and heads of procurement and materiel management have performance evaluations that include green procurement Engage the Governance and Sustainable Development Section (GSDS) on environmental considerations for all contractual arrangements valued over $500,000 12.7 Number and percentage of contracts valued over $500,000 that the GSDS reviewed for potential sustainable development considerations 25 new contracts over $500,000 were awarded. GSDS reviewed 24 (or 96%) for sustainable development considerations. ...

To provide guidance on this requirement, a policy paper on SD was drafted Indicator(s): Percentage of partnership negotiations/discussions that included considerations of sustainability criteria; number of commitments completed in the action plan for integrating SD into partnerships. ... Due Date: Annual Complete Annually, the CRA communicates SD to employees through SD national events-Earth Day, Environment Week, and Waste Reduction Week; campaigns such as our paper reduction campaign, updates and postings to our SD website; release of national and local SD messages, newsletters; and integration of SD messages and considerations into Agency communiqué and activities, such as BBQs and charitable campaigns. ... In progress (60% complete) The CRA promoted the SD criteria as a tool to help policy and program developers to incorporate SD considerations into their decisions and products. ...