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" A Accumulation of petroleum or natural gas- generally considered to mean a pool of hydrocarbons. ... E Effective date of renunciation [Ss. 66(12.6), 66(12.601), 66(12.61), 66(12.62), and 66(12.63)]- renounced expenses are considered to have been incurred on the effective date of renunciation by the person to whom they are renounced, and never to have been incurred by the corporation. ... As such, a flow-through warrant (FTW) is considered an FTS. Flow-through mining expenditure (FTME) [127(9) Definitions]- available at the rate of 15 per cent of qualifying expenditures to individual investors in respect of "grass roots" mining exploration expenses financed using flow-through shares. ...

The term "in Canada" as used in 2 above will be considered to include the territorial sea of Canada, as defined in the Territorial Seas and Fishing Zones Act and the overlying airspace. ... This means that any equipment and personnel that are engaged under, upon or above the seas while carrying out any of the activities described in paragraph 255(b) in, upon or over any submarine areas described in paragraph 255(a) will be considered to be in Canada while so engaged. ... However, ships not engaged directly or indirectly in any activity described in paragraph 255(b) will not be considered to be in Canada for the purpose of 5 below, while merely traversing an area of the sea which is by virtue of section 255, determined to be in Canada for purposes of that section only. 5. ...

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. ...

Regardless of the cost, the following gifts and awards are considered a taxable employment benefit: cash or near-cash gifts and awards such as Christmas or holiday bonuses or near-cash gifts and awards such as gift certificates points that can be redeemed for air travel or other rewards, or an internal points system where an employee earns points and can redeem them for items from a catalogue reimbursements from an employer to an employee for a gift or an award that the employee selected, paid for and then provided a receipt to the employer for reimbursement hospitality rewards such as employer-provided team building lunches and rewards in the nature of a thank you for doing a good job gifts and awards given by closely held corporations to their shareholders or related persons disguised remuneration such as a gift or award given as a bonus manufacturer-provided gifts or awards given directly by the manufacturer to the employee of a dealer. ... If the social committee is not funded and controlled by the employer, a prize won via lottery from the social committee is considered to be a windfall. ... Each situation must be considered on its merits. If you have a situation you would like us to review and give an opinion on, please contact the CRA. ...

Subject matter expert: You are considered a full-time student for the purpose of claiming moving expenses if you regularly attend a college, university or other educational institution that offers courses at a post-secondary school level and you take, during a semester, at least 60% or more of the usual course load for the program you've enrolled in. If you are a co-op student who attends school for an academic period and you work in a business or industry that relates to your studies for a similar period of time, you are considered to be a full-time student only during the time you attend school. ... A niece, nephew, aunt or uncle is not considered related for these purposes. ...

Host: Can you tell me when I would know when I am no longer considered a small supplier? Subject matter expert: The main factor in determining if you are no longer considered a small supplier is whether you have exceeded the small supplier threshold. ... Subject matter expert: If you are under the threshold amount in one calendar quarter, but you are over the threshold during four consecutive calendar quarters, you are considered to be a small supplier for those four calendar quarters and one month following those quarters. ...

Under the new rules, when a registered charity makes a gift to a qualified donee and it can reasonably be considered that the purpose of the gift was to support the political activities of the recipient, the gift is considered an expenditure on political activities. ... You will notice on the form, as an example, the names of directors is public information and both their addresses and phone numbers are considered confidential information. ...

However, under proposed changes, a transfer of property for which the donor received an advantage will still be considered a gift for purposes of the Income Tax Act as long as we are satisfied that the transfer of property was made with the intention to make a gift. ... For example, green fees that would ordinarily be charged to a non-member playing the course at the time of the event would be considered a benefit and therefore an advantage to be included in determining the eligible amount. ... Under the right circumstances the transferred property could be considered a gift and therefore eligible for a receipt. ...

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. ...