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ARCHIVED- Dispositions- Absence of Consideration We have archived this page and will not be updating it. ... What the "Archived Content" notice means for interpretation bulletins NO: IT-460 DATE: October 6, 1980 SUBJECT: INCOME TAX ACT Dispositions- Absence of Consideration REFERENCE: Paragraphs 13(21)(c) and 54(c) (also paragraphs 13(21)(d) and 54(h)) 1. ... Although there is usually a corresponding acquisition of the property by another person and consideration flowing to the person disposing of the property, it is the Department's view that neither of these characteristics need always be present for the purposes of paragraphs 13(21)(c) and 54(c). ...

Tax payable where inadequate consideration This tax applies for a calendar year if, in the year, an RDSP trust: disposes of property for an amount less than the FMV of the property at the time of the disposition, or for no amount at all; or acquires property for an amount greater than the FMV of the property at the time of acquisition. ... Amount of tax payable The amount of tax payable for each disposition or acquisition is: the amount by which the FMV differs from the consideration; or if there is no consideration, the amount of the FMV. ...

Tax payable for inadequate consideration The tax payable for inadequate consideration is repealed effective after March 22, 2017. ...

Where a direct link exists, the transfer payment is consideration for that supply. ... All applicable indicators must be taken into consideration in order to make a final determination of whether or not the transfer payment is consideration for a supply. ... Therefore, the transfer payment relating to that portion of funds is not consideration for a supply. ...

RC4616 Election or Revocation of an Election for a Qualifying Group to Treat Certain Taxable Supplies as Having Been Made for Nil Consideration for GST/HST Purposes Download instructions for fillable PDFs You must download the accessible fillable PDF to your computer. ... Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later Corporations and specified partnerships that are specified members of a qualifying group can use this form to either jointly make or revoke the election with another specified member of the group to treat certain taxable supplies made between them as having been made for no consideration for GST/HST purposes. ...

18-4 Determining Whether a Transfer Payment is Consideration For a Supply You can view this publication in: HTML 18-4-e.html Last update: 2022-06-23 Page details Date modified: 2022-06-23 ...

14-5 Election to Deem Supplies to be Made for Nil Consideration You can view this publication in: HTML 14-5-e.html Last update: 2023-06-20 Page details Date modified: 2023-06-20 ...

Tax considerations for specific situations What to consider for Indigenous Peoples Tax-exempt income and other information related to Indigenous Peoples. ...

GST59 GST/HST Return for Imported Taxable Supplies, Qualifying Consideration, and Internal and External Charges For best results, download and open this form in Adobe Reader. ...

IT460 ARCHIVED- Dispositions- Absence of consideration We have archived this page and will not be updating it. ...