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Therefore, any payment to a qualifying survivor from an insured RRSP is considered a refund of premiums, regardless of when it is earned or paid. ...

Therefore, any payment to a qualifying survivor from an insured RRIF is considered a designated benefit, regardless of when it is earned or paid. ...

Eligible expenses The following are examples of eligible expenses for the purposes of running a free tax clinic: rental costs associated with acquiring space for your CVITP/ITAVP free tax clinic office stationery for example: toner cartridges, postage, USB keys office supplies for example: printers, shredders, locked file cabinets volunteer costs for example: police record checks, parking, transportation human resources costs for example: security personnel, clinic coordinators, clinic administration staff free tax clinic promotion for example: radio, social media, local newspaper costs related to internet and/or telephone use for your CVITP/ITAVP free tax clinic for example: USB internet sticks, Wi-Fi routers, IT professional services, internet and(or) telephone use costs must be associated with increased usage of internet and(or) telephones related to tax clinic operation, such as additional lines or increased bandwidth Ineligible or unsupported expenses Costs unrelated to organizing, administering, and hosting your organization’s free tax clinic are not considered eligible. ...

In most cases, if you filed Form T664 or T664 (Seniors), you are considered to have sold your capital property at the end of February 22, 1994, and to have immediately reacquired it on February 23, 1994. ...

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

Deemed dividends What amounts are considered deemed dividends and how do you calculate them. ...

Canada Carbon Rebate for Small Businesses You may be looking for: Canada Carbon Rebate for individuals Reporting the Canada Carbon Rebate for Small Businesses on your T2 corporation income tax return Under the current legislation, the Canada Carbon Rebate for Small Businesses is considered assistance received from a government and is subject to taxation. ...

Since March 30, 2024 falls on a Saturday, a T3 return will be considered filed on time if the CRA receives it, or it is postmarked, on or before April 2, 2024 (the next business day). ...

Find out how you should track and report all your tips and gratuities In Canada, the amount you earn in tips and gratuities is considered to be income, and you must report all of it on your tax return. ...

As a general rule, a taxpayer who takes commodity futures positions in, or who has transactions in, a commodity connected with a business, is considered to be trading as part of the business operations and the comments in 3 above apply. ... As an example, a jeweller who buys 100 ounces of gold for a business (a normal amount for that business) and also makes additional purchases of 1600 ounces of gold, or of futures contracts representing 1600 ounces of gold, as a speculation for his or her own account, may be viewed as a speculator with respect to the additional purchases when all the facts of the situation are considered. ... However, the comments in 4 above must be applied in respect of each member of the partnership and if one member can be considered an insider then the income treatment is required for the partnership. 18. ...