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Any benefits paid for your children are considered their income even if you received the payment. ... In some cases, amounts you receive may not be considered pension income and you may have to report them elsewhere on your return. ... You may also have a gain or a loss if you are considered to have disposed of property (see the definition of deemed disposition on Schedule 3). ...

If the result is greater than or equal to 0, then the amount of utilization is the DTC NRTC amount as calculated in step two and the individual is considered to have fully utilized the credit. ... If the difference is less than 0, then the utilization amount is 0 and the claimant is considered to have not utilized the credit. ... Step five: If the amount calculated in step four is greater than 0, then consider that the amount of DTC utilized, in which case the individual is considered to have partially utilized the credit. ...

However, a bare trust for income tax purposes is a trust arrangement under which the trustee can reasonably be considered to act as agent for all the beneficiaries under the trust with respect to all dealings with all of the trust's property. ... In order for the trustee to be considered as the agent for all the beneficiaries of a trust, it would generally be necessary for the trust to consult and take instructions from each and every beneficiary with respect to all dealings with all of the trust property. ... Imposing such penalty would only occur in the context of a compliance action, such as an audit, where all factors and circumstances of the taxpayer’s particular situation are considered together. ...

Condition 6 Under subsection 256(2), two corporations that are not associated with each other will be considered associated if they are associated with the same corporation (the third corporation). ... Note Two corporations (Corps A and B) that are not associated with each other are considered associated under subsection 256(2) if they are associated with the same corporation (the third corporation). When the CCPC (the third corporation) makes this election, its business limit for the small business deduction is considered to be zero. ...

If the result is greater than or equal to 0, then the amount of utilization is the DTC NRTC amount as calculated in step two and the individual is considered to have fully utilized the credit. ... If the difference is less than 0, then the utilization amount is 0 and the claimant is considered to have not utilized the credit. ... Step five: If the amount calculated in step four is greater than 0, then consider that the amount of DTC utilized, in which case the individual is considered to have partially utilized the credit. ...

The reader should consider this guidance in light of the relevant provisions of the law in force for the particular tax year being considered. ... In these circumstances, the loan or indebtedness will be considered to arise on the date of the first amount owing under the agreement. ... As such, a late-filed PLOI election will be considered invalid and not accepted where the penalty payment is insufficient in relation to the number of PLOIs that the election is intended to cover. ...

Related persons are not considered to deal with each other at arm’s length. ... Note A non-resident person is not necessarily considered to be carrying on business in Canada for income tax purposes simply because that person is considered to be carrying on business in Canada for GST/HST purposes. Likewise, a person who is considered to be carrying on business in Canada for income tax purposes is not necessarily considered to be carrying on business in Canada for GST/HST purposes. ...

In applying the arm's length test in this notice, aunts and uncles would be considered to be related to their nieces and nephews. ... You would be considered to have paid and collected the HST at 14% on the self-supply of the apartment building. ... You would be considered to have paid and collected the GST at 5% on a self-supply of the duplex. ...

The transitional tax adjustment is an amount that would be considered to have been collected by the builder of the house. ... You would be considered to have paid and collected the HST at 13% on the self-supply of the apartment building. ... You would be considered to have paid and collected the GST at 5% on a self-supply of the duplex. ...

Relief from a third-party civil penalty assessed under the act can be considered under subsection 220(3.1). ... When the normal three-year reassessment period for a tax year ends, the return is considered statute-barred. ... This results in the assets to be considered transferred at fair market value for tax purposes. ...