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What are the tax considerations? It is only possible to receipt the transfer of a time-share if ownership of the deed title is first transferred to the donor then transferred to the charity. ... In cases where there is consideration, a business may claim these costs as promotional expenses, rather than seeking a charitable donation. ...

Interest, while not defined in the Act, has been described in general terms in the Courts as "the return or consideration or compensation for the use or retention by one person of a sum of money, belonging to, in a colloquial sense, or owed to, another". ... Applicable to taxation years commencing after 1982, where a taxpayer has accrued and reported interest income on a debt obligation and has at any particular time disposed of the obligation for consideration equal to its fair market value at the time of disposition, the taxpayer may, by virtue of subsection 20(21), deduct in computing income for the year of disposition, the amount, if any, by which the aggregate of the amounts of interest from that debt obligation that was included in the taxpayer's income for the year of disposition and all previous years exceeds the total interest actually received thereon. ...

Paragraph 115(2)(d) deems a non-resident to have been employed in Canada in a particular taxation year, for purposes of subsection 2(3), if the non-resident was in that year one of the following persons: (a) a student in full-time attendance at a university, college or other educational institution in Canada which provides courses at a post-secondary school level in Canada; (b) a student attending or a teacher teaching at a university, college, or other educational institution outside Canada providing courses at a post-secondary school level, if that student or teacher had ceased in a previous year to be resident in Canada in the course of or after moving to attend or teach at that educational institution; (c) an individual who had ceased in a previous year to be resident in Canada in the course of or after moving to carry on research or any similar work under a grant received by the individual to enable him or her to carry on that research or work; (d) an individual who had ceased in a previous year to be resident in Canada and who in the current year received remuneration from an office or employment paid directly or indirectly by a person resident in Canada; or (e) a person who received an amount in the current year under a contract, if the amount was or will be deductible by a taxpayer subject to Part I tax and can reasonably be regarded as having been received in whole or in part, regardless of when the contract was entered into or the form or legal effect of the contract, as (i) consideration or partial consideration for entering into a contract of service or for services to be performed in Canada (i.e., a signing bonus- see the current version of IT-168), or for undertaking not to enter into such a contract with another party, or (ii) remuneration or partial remuneration from the duties of an office or employment or compensation or partial compensation for services to be performed in Canada. 20. ...

As explained in TIB B-090, the determination of the nature of a supply that is made by electronic means is based on applying a number of factors and requires consideration of all relevant facts. ... GST/HST regulations SOR/2016-4, Various GST/HST Regulations, No. 7 (Newfoundland and Labrador – Rebate for Municipalities) GST/HST forms GST59, GST/HST Return for Imported Taxable Supplies, Qualifying Consideration, and Internal and External Charges GST489, Return for Self-Assessment of the Provincial Part of Harmonized Sales Tax (HST) GST494, Goods and Services Tax/Harmonized Sales Tax (GST/HST) Final Return for Selected Listed Financial Institutions GST498, GST/HST Rebate Application for Foreign Representatives, Diplomatic Missions, Consular Posts, International Organizations, Or Visiting Forces Units GST499-1, First Nations Tax (FNT) Schedule GST502, Election and Revocation of Election Between Auctioneer and Principal GST506, Election and Revocation of an Election Between Agent and Principal GST524, GST/HST New Residential Rental Property Rebate Application GST531, Return for Self-Assessment of the First Nations Goods and Services Tax (FNGST) RC1, Request for a Business Number RC1A, Business Number- GST/HST Account Information RC1C, Business Number- Import/Export Account Information RC79, Deposit Advice RC325, Address change request RC4607, GST/HST Pension Entity Rebate Application and Election RC7190-WS, GST190 Calculation Worksheet RC7207, GST/HST Rebate Application and Election for GST/HST and QST Purposes for Pension Entities that are Selected Listed Financial Institutions RC7207-1, QST Rebate Application and Election for Pension Entities that are Selected Listed Financial Institutions for GST/HST Purposes Only RC7294, GST/HST and QST Final Return for Selected Listed Financial Institutions RC7301, Request for a Business Number for Certain Selected Listed Financial Institutions RC7301A, Business Number- GST/HST Program Account Information and QST Registration for Selected Listed Financial Institutions GST/HST pamphlets and guides RC2, The Business Number and Your Canada Revenue Agency Program Accounts RC4022, General Information for GST/HST Registrants RC4027, Doing Business in Canada- GST/HST Information for Non-Residents RC4034, GST/HST Public Service Bodies' Rebate RC4036, GST/HST Information for the Travel and Convention Industry RC4049, GST/HST Information for Municipalities RC4058, Quick Method of Accounting for GST/HST RC4064, Disability-Related Information- 2015 RC4081, GST/HST Information for Non-Profit Organizations RC4231, GST/HST New Residential Rental Property Rebate GST/HST notices NOTICE290, Filing Deadline – Reminder to File Form RC4616 Before January 1, 2016 for Existing Section 156 Elections NOTICE291, Kahkewistahaw First Nation Implements the First Nations Goods and Services Tax NOTICE292, Proposed Public Service Bodies' Rebate for Municipalities in Newfoundland and Labrador- Questions and Answers GST/HST technical information bulletins B-032, Expenses Related to Pension Plans (revised) Excise duty forms L63, Licence and Registration Application Excise Act, 2001 Excise duty memoranda EDM3-1-2, Licensed Users All GST/HST, excise duty and excise taxes and special levies publications can be found on the CRA website at www.cra.gc.ca/gsthsttech, at www.cra.gc.ca/etsl and at www.cra.gc.ca/exciseduty. ...

In urgent circumstances, the CRA will expedite consideration of these applications. ... To learn more about the disbursement quota, see: Annual spending requirement: www.cra.gc.ca/tx/chrts/prtng/spndng/menu-eng.html and, the disbursement quota checklist: www.cra.gc.ca/tx/chrts/chcklsts/dq-eng.html Split receipting Split receipting is a descriptive term used by the CRA for issuing tax receipts for a portion (the “eligible amount of a gift”) of an amount transferred to a registered charity where the donor receives an advantage (consideration) in return for a donation. ...

(h) Sale of Property Where a taxpayer sells a property at a time when a deductible outlay or expense remains unpaid, and the purchaser assumes the obligation to pay the unpaid amount as full or partial consideration for the purchase, section 78 will not be applied to the taxpayer if the purchaser pays the unpaid amount before the date on which subsection 78(1) becomes operative. ...

Although the assumption of a debt or obligation of a taxpayer by a third party may not constitute payment by the taxpayer in a strict sense, the rules described in 1 above are not applied if the third party receives consideration from the taxpayer at least equivalent to the principal amount of the debt or obligation assumed. 14. ...

A sale of a right or thing for good and valuable consideration does not come within the meaning of the phrase "transferred or distributed" as used in subsection 70(3). ...

If the property is so contributed and each partner receives no consideration other than the partner's interest in the new partnership, the cost of that interest and the proceeds of disposition of the property contributed will be equal to the aggregate of the amounts determined under subsection 98(3) and no capital gain will result. ...

Please refer to the current issue of Information Circular 71-17 with respect to requests for competent authority consideration. 11. ...