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In determining the capital cost of a rental property only the portion of the total purchase price that would be allocable to Class 1, 3, 6 or 13 is considered in deciding whether the rental property should be in a separate class. ...

Pursuant to subsection 103(1.1) where two or more partners not dealing with each other at arm's length (see IT-419) have agreed to share any income or loss from any activity of the partnership in unreasonable proportions, the Department will adjust each partner's share to an amount which is considered reasonable in the circumstances. ...

If provincial law or the regulatory body for the profession precludes the practice of the profession by a corporation, income derived from the profession will normally be considered to be earned by the individual who rendered such professional services and not by a corporation. ...

In this case the dockets are considered to be tangible property and the portion of the purchase price allocated to them is included in Class 8 of Schedule B of the Regulations. ...

The rules in subsection 70(5) apply to property that is subject to a buy-sell agreement, unless the property can be considered to vest indefeasibly in another person pursuant to subsection 70(6), 70(9), 70(9.2) or 70(9.6) or paragraph 70(5.2)(d) or (f). ...

Here are some of the expenses that the CRA considers reasonable and unreasonable: Reasonable expenses Tuition Course materials, such as textbooks, tools and other items needed to complete a particular course or program Student fees Moving expenses to and from school Payment for housing while away at school, either on campus residency or off campus, including rent and utilities Computer/laptop and telephone Costs related to Internet and phone bills Basic personal needs while at school, including toiletries, clothing and food (if food is not already included in the student’s housing costs) Basic furniture and housing needs, such as bedding, towels, plates, cutlery Transportation: to move in and out from school and during official school breaks (such as holidays and reading week, where the student returns to their principal residence) local transportation costs while at school the purchase of a car, if it is in the beneficiary’s name and used to transport the student to and from school and school-related activities Unreasonable expenses Costs associated with family members and friends visiting a student, including when the student moves in and out Arts, culture and entertainment, such as museums, fine dining, movies, plays, sporting events, concerts, festivals, unless required to complete their program Physical fitness activities, gym membership, sports and recreation, unless required to complete their program Attending conferences, seminars and retreats, unless required to complete their program Personal care, such as hair, spa and wellness treatments Costs associated with dentist, doctor and other medical appointments Travel unrelated to school for personal reasons, such as vacations (excluding official school breaks where the student returns to their principal residence) when the student is not enrolled (excluding their move in and out) Down payments on any property Purchases that are not in the beneficiary’s name Notes Promoters have ultimate responsibility for issuing EAPs that they consider to be reasonable, and they have the authority to be more restrictive than what is listed in these guidelines Any item listed above as “reasonable expenses” can be considered unreasonable if costs are not in line with furthering a student’s education at a post-secondary school level A subscriber can withdraw their contributions from the RESP without having to repay the Canada Education Savings Grant portion if at least one of the RESP beneficiaries is eligible to receive an EAP. ...

Under subsection 8512(1) of the Income Tax Regulations, the following documents must be sent to the Canada Revenue Agency (CRA) for the application to be considered complete: an application form (the prescribed form is Form T510, Application to Register a Pension Plan, signed by the plan administrator); certified copies of the plan text; certified copies of the funding documents 1; certified copies of any agreements relating to the plan; and certified copies of all resolutions and by-laws relating to the plan. ...

November 20, 2014 Segment 9: Scholarships, fellowships, and bursaries Video: Segment 9: Scholarships, fellowships, and bursaries Transcript This segment gives international students studying in Canada information on when scholarships, fellowships, and bursaries may be considered taxable income, as well as information on the education amount and tax treaties. ...

Host: What about international students who are considered to be non-residents or deemed non-residents, do they have to pay provincial or territorial tax? ...

Discretionary referrals: Situations where a referral may be necessary include, but are not limited to: Where the net tax was estimated due to insufficient books and records; Where input tax credits were disallowed as the accounting records/documentation were not provided; Where the new information available for review is substantial; Where an on-site visit is warranted; Where the objection relates to an initial assessment concerning issues of prior years’ returns currently being considered by the Audit Division. ...