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The reader should, therefore, consider such comments in light of the relevant provisions of the law in force for the particular taxation year being considered, taking into account the effect of any relevant amendments to those provisions or relevant court decisions occurring after the date on which the comments were made. ...

For examples of situations where overtime meals, or allowances for overtime meals, are considered taxable benefits, go to Examples – Overtime meals or allowances. ...

The CRA's responsibilities The CRA is responsible for determining: if an individual's employment is pensionable under the CPP or insurable under the EIA; the amount of pensionable or insurable earnings; if CPP contributions and employment insurance (EI) premiums are payable; how many hours an insured person has in insurable employment; how long an employment lasts, including the dates on which the employment began and ended; the amount of CPP contributions and EI premiums payable; who is the employer; if employers are considered to be associated for the purposes of the EIA; and the refund amount. ...

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. ...

Annual allowance You cannot fully deduct an eligible capital expenditure because the expenditure is considered to be capital in nature and provides a lasting economic benefit. ...

Miguel is considered a higher-income earner because their annual income is higher than the amount of the Year’s Maximum Pensionable Earnings (YMPE), or the “first earnings ceiling”. ...

The Federal Court of Appeal and the Tax Court of Canada have considered these arrangements and, in the majority of cases, have concluded that the employment income at issue was not exempt from tax under section 87 of the Indian Act. ...

It can also include contributions made in the first 30 days of the following year that are considered to have been made for the preceding year. ...

You also have to fill out an NR4 slip if you are considered, under Part I or Part XIII of the ITA, to have paid or credited amounts. ...

Know your tax obligations: The profits you make from flipping real estate are generally considered to be fully taxable as business income. ...