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In either case, the forgiven amount is considered employment income and is added to the employee's T4 slip for the year the amount is forgiven. ...

You are considered to have received a loan or incurred a debt when the funds are advanced or the relevant documents are produced and you become legally obligated to repay the loan or discharge the debt. ...

When to report a gain or loss You report the disposition of capital property in the calendar year (January to December) you sell, or are considered to have sold, the property. ...

In certain situations, when you dispose of capital property, the loss may not be considered a superficial loss. ...

Foreign currencies Foreign exchange gains or losses from capital transactions of foreign currencies (that is, money) are considered to be capital gains or losses. ...

Prescribed property in relation to a tax shelter is defined in the Income Tax Regulations section 3101 and includes property that is: a registered pension plan a registered retirement savings plan a deferred profit-sharing plan a registered retirement income fund a registered education savings plan shares of: prescribed venture capital corporations prescribed labour-sponsored venture capital corporations taxable Canadian corporations held in a prescribed stock savings plan An investment in property is considered to be a tax shelter where it is reasonable to consider, based on statements or representations made or proposed to be made, that the buyer or donor will have losses, deductions, or credits within the first four years of buying an investment in the property. ...

However, if there was another person, that person is also considered the only person supporting the child and can claim eligible child care expenses paid while living with the child, as long as the expenses were not claimed on the return of another person. ...

The following are considered qualifying homes: single-family houses semi-detached houses townhouses mobile homes condominium units apartments in duplexes, triplexes, fourplexes, or apartment buildings Note A share in a co-operative housing corporation that entitles you to own and gives you an equity interest in a housing unit located in Canada also qualifies. ...

A payment is considered received when it is in the hands of the CRA or one of its agents. ...

Note You are not considered to have paid your own motor vehicle expenses if your employer reimburses you or you refuse a reimbursement or reasonable allowance from your employer. ...