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Part 1 – Aggregate investment income calculation The aggregate investment income is the aggregate world source income calculated as follows: add the eligible portion of the taxable capital gains for the year that is more than the total of: the eligible portion of allowable capital losses for the year; and the net capital losses from previous years which are applied in the year; total income from property (including income from a specified investment business carried on in Canada other than income from a source outside Canada) from which the following amounts have been deducted: exempt income; AgriInvest receipts (include the Quebec amount); taxable dividends deductible after deducting related expenses; and business income from an interest in a trust that is considered property income under paragraph 108(5)(a); deduct total losses for the year from property (including losses from a specified investment business carried on in Canada other than losses from a source outside Canada). ... Part 2 – Foreign investment income calculation The foreign investment income is all income from only sources outside of Canada calculated as follows: add the eligible portion of the taxable capital gains for the year that is more than the eligible portion of allowable capital losses for the year; and the total income from property from a source outside Canada from which the following amounts have been deducted: exempt income; taxable dividends deductible after deducting related expenses; and business income from an interest in a trust that is considered property income under paragraph 108(5)(a); deduct the total losses for the year from property from a source outside Canada. ... To claim a dividend refund, you have to have made an actual payment to the shareholders, unless the dividend is considered paid (a deemed dividend). ...

The transfer of the Settlement Payment to the RRSP or RRIF to correct the error will not be considered a contribution, and no deduction will be permitted for the amount transferred. ... If you received the Settlement Payment in respect of shares held in your RRSP or RRIF and choose not to transfer the cash and shares to your RRSP or RRIF, the cash payment and the fair market value of the shares will be considered income and must be included on your tax return as an RRSP or RRIF benefit received in the year. 2. ... Since you no longer owned any of your Original Shares when you received the Settlement Payment, you are considered to have received additional proceeds of disposition from having disposed of your Original Shares. ...

Firstly, the world income of the partnership will be determined at the partnership level and that income will be considered to retain its identity when flowing through to the partners under paragraph 96(1)(f). ... It is always a question of fact whether any part of a particular partnership business is actually carried on in Canada, but if it is then each member of the partnership is considered to be carrying on business in Canada. ... Where an election is made as described in paragraph 9 above, the income that becomes subject to Part I of the Act is not considered to be earned in any particular province of Canada. ...

Once such an amount on account of the sale price exceeds the adjusted cost base of the shares (as reduced by any previous such amounts), the excess is considered to be a capital gain that is realized at the time that that amount became determinable, and the adjusted cost base becomes nil. ... Where the sale agreement stipulates a minimum amount payable by the purchaser in any event, that amount is considered to become determinable by the vendor at the time of the sale. ¶ 6. ... For the purposes of this bulletin, an agreement that merely determines when amounts are to be paid, as opposed to determining the quantum of proceeds, is not considered to be an earnout agreement. ¶ 9. ...

Proposals contained in the Department of Finance press release of October 1, 1987 on trusts and their beneficiaries are not considered in this release Summary Certain trusts, in computing their income for a taxation year, are permitted to deduct any income payable in the year to a beneficiary. ... In any case where the trust has been wound-up and the final T-3 return is filed for a period which terminates before the end of the executor's year, the income of the trust (including taxable capital gains) earned for that period is considered to have been paid to the beneficiaries of the trust in the calendar year in which that period ends, except for any part of the trust's income that was disbursed by the trustee to persons other than beneficiaries pursuant to the deceased's will or the operation of law (e.g., the will stipulated that debts are to be paid out of income). 7. Pursuant to subsection 104(18) income is considered to be payable for purposes of subsections 104(6) and (13) where (a) the income is held in trust for a minor whose right thereto has vested, and (b) the only reason that it was not payable was because the beneficiary was a minor. ...

In this case, a testamentary gift of an equitable interest in a trust is considered to have been made and the taxpayer is deemed by subsection 118.1(5) to have made a gift of the interest to the registered charity in the taxation year in which the taxpayer died. ... If all of the requirements listed in 2 above were satisfied at the time of the transfer to the trust, an inter vivos gift of an equitable interest in a trust is considered to have been made at that time. 4. ... This subsection provides rules allowing for an elected amount, not greater than the fair market value and not less than the adjusted cost base of the capital property, to be considered as both the proceeds of disposition and the amount of the gift. 9. ...

Nonetheless, where, as a result of a particular arrangement made on the winding-up, a debt can reasonably be considered to have been settled for an amount that is not less than the principal amount thereof outstanding and, with respect to debts or obligations settled or extinguished after May 9, 1985, for an amount that is not less than the deemed principal amount thereof outstanding, payment in full is considered to have been made and the provisions of subsection 80(1) of the Act do not apply. ... Where a non-cash settlement of a debt on a winding-up, such as those mentioned above, cannot be considered to constitute full payment of the principal amount of the debt, the provisions of subsection 80(1) apply. ...

Education savings rollover to RDSP The definition of contribution under subsection 146.4(1) of the Act states that an accumulated income payment (AIP), transferred into an RDSP from an RESP, is not considered a contribution to the plan except for the purposes set out under paragraphs 146.4(4)(f) to (h) and (n) of the Act. An AIP is considered an education savings rollover amount when paid into an RDSP. ... It must also specify that these amounts are only considered contributions if paragraphs 146.4(4)(f) to (h) and (n) of the Act are respected. ...

Therefore, lifting seats are not considered to be chairs. Specially designed for use by an individual with a disability A lift chair is specially designed if it has design features that assist an individual with a disability to get in and out of the chair independently without which an individual would not be able to do so. ... Head pillows, arm/head rests and features such as heat massage are not considered to be specially designed parts, accessories or attachments when supplied separately and therefore are not zero-rated. Where an individual upgrades the fabric of the chair or acquires additional features at the time of the original purchase, these items are considered part of the original supply of the lift chair regardless of whether the upgrades are listed separately on the invoice. ...

General Rules – the owner must charge and account for the GST/HST According to the general principles of agency relationships, the sale of goods through a consignee as agent is considered to be a sale by the owner. ... In this case, the sale of the goods (other than zero-rated or exempt goods) is considered to be a sale of taxable goods by the consignee. ... Also, the consignee is considered (except in limited circumstances) not to have provided the owner with services related to the sale of the goods. ...