Search - considered

Sources of income The following are considered as sources of income: Bad debts Reserves Vacation trips and awards Government grants and subsidies Surface rentals for petroleum or natural gas exploration Rental income Gift cards or certificates Barter transactions Selling a property Lottery prize commissions Bad debts If, during the year, you received any amount that you wrote off as a bad debt in a previous year, you have to include the amount in your income for the current year. ... If you are involved in a barter transaction, the goods or services you received could be considered proceeds from a business operation. ...

Schedule D – Glossary Previous page Next page Term Description Accrual accounting A method in which revenues and expense transactions are recorded for the period in which they are considered to have been earned and incurred. ... Also, a gifting arrangement where the donor incurs a limited recourse debt related to the gift is considered to be a tax shelter. ...

All the services and activities we carry out fall along a continuum that runs from facilitating Canadians' obligations to comply with the law, where voluntary compliance is considered to be generally high, to assisted compliance that provides added checks and balances (e.g., audit) to ensure that the law is properly understood and respected, to enforcement activities aimed at counteracting tax evasion and smuggling. ... We also rate the quality of our performance information according to whether the data are considered good, reasonable, or weak. ...

The consideration given by the employee is considered to be the employee's covenants as found in the collective agreement or in the contract of service. 8. Medical and hospital insurance plans offered by Blue Cross and various life insurers, for example, are considered private health services plans within the meaning of subsection 248(1). ...

., determining whether the supply is one of property or services) is fundamental to the application of the GST/HST, as it affects the place where a supply is considered to be made, the tax rate that applies to a supply, the manner in which tax is collected, and the timing of liability for tax in respect of a supply. Supplies made by electronic means (including digitized products) are considered to be either intangible personal property or services. ...

A municipality will be considered to own an organization if: it owns 90 per cent or more of the shares or capital of the organization; or it holds title to the assets of the organization or controls their disposition, such that in the event of wind-up or liquidation, these assets are vested in the municipality. A municipality will be considered to control an organization if: it appoints more than 50 per cent of the members of the governing body of the organization (e.g. directors, governors, commissioners); and the organization must submit to the municipality its operating and, where applicable, capital budget for review and approval. ...

It must also specify that these payments are only considered RDSP contributions for the purposes of paragraphs 146.4(4)(f) to (h) and (n) of the Act. ... For the purpose of this bulletin and for the administration of the new qualifying family member legislation, only a legal parent who meets the conditions under the section entitled qualifying person is to be considered a qualifying family member. ...

Most small employers and all new employers are considered "regular" remitters. ... Subject matter expert: Yes, if your average monthly payment exceeds $25,000, you may be considered an accelerated remitter, which means you have to pay more often. ...

Section 48 Section 48 of the Act allows licensed manufacturers to apply to the CRA to be considered as manufacturers of "similar goods" sold in conjunction with goods of their manufacture, thereby permitting the similar goods to be purchased tax exempt. ... These rules, originally published in 1990, are administrative in nature and are considered to be prudent, reasonable and in keeping with the intent of the legislation. ...

Educational requirements In order to be considered, individuals must: be eligible for a recognized professional accounting designation; or have a degree from a recognized postsecondary institution with acceptable specialization in accounting*; or be enrolled in the last year of a degree program from a recognized postsecondary institution with an acceptable specialization in accounting*, and obtain passing grades in all required courses. * Study areas for the acceptable specialization in accounting Mandatory study areas: Introductory Accounting Subjects or Courses **: Introductory Accounting or Accounting or Introductory Financial Accounting or FA1 CPA PREP ***: Module 1- Introductory Financial Accounting Intermediate Financial Accounting Subjects or courses **: Intermediate Financial Accounting I or Intermediate Accounting I or FA2 and Intermediate Financial Accounting II or Intermediate Accounting II or FA3 CPA PREP ***: Module 5.1- Intermediate Financial Accounting I and Module 5.2- Intermediate Financial Accounting II Advanced Financial Accounting Subjects or courses **: Advanced Financial Accounting or Advanced Accounting or FA4 CPA PREP ***: Module 5.3- Advanced Financial Accounting. Two of four optional study areas: Auditing Subjects or Courses **: Auditing or Internal Auditing or Internal Control or AU1 CPA PREP ***: Module 7 – Audit and Assurance Cost Accounting Subjects or Courses **: Cost Accounting or Management Accounting I & II or MA1 CPA PREP ***: Module 2 – Introductory Management Accounting Management Accounting Subjects or Courses **: Management Accounting or Management Accounting IV or Advanced Management Accounting or MA2 CPA PREP ***: Module 9 – Intermediate and Advanced Management Accounting Accounting Information Systems Subjects or Courses **: Accounting Information Systems or Information and Computer Systems or Management Information Systems or MS1 CPA PREP ***: Module 12 – Information Technology ** Subjects or courses: Subjects or courses from postsecondary institutions or legacy professional accounting associations. *** CPA PREP: Chartered Professional Accountants Prerequisite Education Program (not applicable in the province of Québec) Some of the courses listed above may require a combination of courses to be considered equivalent depending on the recognized postsecondary institution. ...