Search - considered

Threshold 2 remittances that are received by the CRA at least one full day before the due date will be considered to be received by a financial institution and a penalty will not be charged. ...

It is a question of fact whether the transaction reflects FMV and this will be considered on a case-by-case basis. ...

Since what is considered reasonable in the circumstances is a question of fact, it is not possible or practical to provide a list that would deal with every possible situation. ...

The rule within the definition that generally ensures that one person (or two or more related persons) can make contributions to a trust and retain an interest under the trust without the prohibition on consideration being considered to apply was removed and provided in subsection 108(7). ...

. ¶1.2 has been added to summarize the income tax provisions that should generally be considered in determining the deductibility of a fine or penalty. ¶1.3 has been added to note that the deductibility of a fine or penalty can only be determined after examining all relevant facts. ¶1.4 – 1.7 have been added to discuss section 67.6, which was added by S.C. 2005, c. 19, s. 16(1), applicable to fines and penalties imposed after March 22, 2004. ...

Where it is a partnership that disposes of the property, the late filing penalty, if any, provided for in subsections 96(5), (5.1) and (6) is considered to be payable by that partnership on behalf of its members and the notice of assessment referred to in subsection 96(7) will be sent to the address of the partnership. 8. ...

Executors If a sole proprietor is deceased, the executor of the estate is considered an owner if we receive a copy of the death certificate and one of the following: a copy of the deceased person’s last will and testament other documents identifying who the legal representative is The executor has the same rights and privileges as an owner and can work with the CRA on behalf of the deceased. ...

Decision A SLFI's request to late file a subsection 225.2(4) election will be considered on a case-by-case basis within the context of the following guidelines: 1. ...

Calculation of the business investment loss reduction The reduction calculated below is considered to be a capital loss for the year. ...

. ¶1.9(b) (formerly paragraph (b) of ¶7 of IT-419R2) describes situations where a common-law partner’s child will be considered the taxpayer’s child. ...