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Where a full ITC is not available to the recipient, the transaction will not be considered a wash transaction. ... The waiver of penalty and interest in excess of 4% of the tax not properly charged or the ITCs not properly accounted for in a wash transaction will normally be considered automatically by the CRA during the audit process. ... The waiver of interest in excess of 4% of the tax not properly charged in a wash transaction will normally be considered automatically by the CRA during the audit process. ...

GST/HST issues Generally, fundraising by its very nature is considered a profit activity. Organizations that are established and operated for the sole purpose of raising funds are not considered non-profit organizations for GST/HST purposes, even if all the profit from a fundraising activity is donated to a registered charity. ... Income tax issues As previously mentioned, fundraising by its very nature is generally considered a profit activity. ...

In cases where a supply is made for more than one purpose, all of the purposes would be considered when determining if the supply is a qualifying health care supply. ... Every combination of eligible corporations or eligible Canadian partnerships whose names appear in Part A of the form (and on any attached page) is considered to have made the election. ... Licensees’ returns must be filed up-to-date to be considered for semi-annual filing. ...

. ¶2.5 (formerly included in ¶3 of IT-516R2) has been updated at item (a) to clarify what could be considered a college or university for purposes of subparagraph 118.5(1)(a)(i). Item (b) has been updated to clarify the meaning of the term professional organization for purposes of determining whether an organization would be considered an other educational institution pursuant to paragraph 118.5(1)(a). ... The proposed changes of June 26, 1996 formerly noted in ¶8 have been deleted. ¶2.8 (formerly included in ¶ 8 of IT-516R2), now includes a discussion of academic upgrading courses. ¶2.9 (formerly included in ¶ 8 of IT-516R2), has been revised to explain the CRA’s position regarding the meaning of occupation and English or French second language training at an HRSDC-certified institution for the purposes of the tuition tax credit. ¶ 2.10 (formerly included in ¶9 of IT-516R2) has been updated at item (a) to reflect the amendment to subparagraph 118.5(1)(b)(i) amended by 2011, c. 24, s. 29(2), applicable to tuition fees paid for the 2011 and subsequent tax years. ¶ 2.12 (formerly included in ¶10 of IT-516R2) clarifies the meaning of the term university for purposes of determining whether a foreign educational institution would be considered a university pursuant to paragraph 118.5(1)(b). ¶ 2.13 (formerly included in ¶6 of IT-516R2) has been updated to reflect the new address to which enquiries should be sent for consideration as a university outside Canada. ¶2.15 (formerly included in ¶7 of IT-516R2) has been revised to clarify the meaning of commute for purposes of paragraph 118.5(1)(c). ¶2.16 has been added to provide references to other CRA publications relevant to students attending universities outside Canada. ¶2.19 has been added to explain the CRA’s position regarding online attendance for purposes of the requirement for full-time attendance in paragraph 118.5(1)(b). ¶2.20 has been added to explain the CRA’s position regarding correspondence courses for purposes of the requirement for full-time attendance in paragraph 118.5(1)(b). ¶2.22 (formerly included in ¶13 of IT-516R2) has been revised to include the meaning of enrolled for purposes of paragraph 118.5(1)(a) and (c). ¶2.23 to 2.25 (formerly included in ¶16 and 17 of IT-516R2) have been amended to clarify whether a student in receipt of a scholarship, fellowship, bursary or prize may claim a tuition tax credit in respect of the student’s tuition. ¶2.26 has been added to address whether a student may claim the tuition tax credit where the student’s tuition fees are paid by the employer of the student’s family member. ¶2.28 has been added to provide an example of when a tuition tax credit would not be available pursuant to subparagraph 118.5(1)(a)(iii.1) or (v). ¶2.29 (formerly included in ¶14 of IT-516R2) now makes reference to the student’s ability to carry forward unused tuition amounts to be used in future years, pursuant to subsection 118.61(1), added by 1998, c. 19, s. 28(1), applicable to the 1997 and subsequent tax years. ¶2.31 (formerly included in ¶24 of IT-516R2) has been updated to reflect the amendment to subparagraph 118.5(1)(b)(i), amended by 2011, c. 24, s. 29(2), applicable to tuition fees paid for the 2011 and subsequent tax years. ¶2.36 and 2.37 have been added further to the introduction of subsection 118.5(3), concerning ancillary fees and charges. ...

Note Gifts are not considered support. ⬤▮▲Line 30300 – Spouse or common-law partner amount Claim this amount if, at any time in the year, you supported your spouse or common-law partner and the net world income of your spouse or common-law partner was less than your basic personal amount (or your basic personal amount plus $2,295, if they were dependent on you because of an impairment in physical or mental functions). ... Request for refund of EI contributions Under the Employment Insurance Act, you must ask for a refund of your EI overpayment no later than three years from the end of the year the overpayment occurred in. ⬤ Line 31205 – Provincial parental insurance plan (PPIP) premiums paid If you were considered a resident of Quebec on December 31, 2021, who worked in Quebec during the year, claim, in dollars and cents, the total of the amounts from box 55 of your T4 slips. ... Instead, claim this amount as an overpayment on your Revenu Québec Income Tax Return. ⬤ Line 31210 – PPIP premiums payable on employment income If you were considered a resident of Quebec on December 31, 2021, claim, in dollars and cents, the amount from line 19 of Schedule 10 if the following two conditions apply: Your employment income (including employment income from outside Canada) is $2,000 or more One of your T4 slips has a province of employment other than Quebec in box 10 The maximum amount you can claim is $412.49. ...

Eligible educator You are considered an eligible educator if, at any time during the 2021 tax year, both of the following conditions are met: You were employed in Canada as a teacher or an early childhood educator at an elementary or secondary school, or a regulated child care facility You held a teaching certificate, licence, permit or diploma, or a certificate or diploma in early childhood education, which was valid and recognized in the province or territory in which you were employed Eligible supplies expense An eligible supplies expense is the amount that you paid in 2021 for teaching supplies that meet all of the following conditions: You bought the teaching supplies for teaching or facilitating students' learning The teaching supplies were directly consumed or used in an elementary or secondary school or in a regulated child care facility in performing your employment You were not entitled to a reimbursement, allowance, or any other form of assistance for the expense (unless the amount is included in the calculation of your income of any tax year and is not deductible in the calculation of your taxable income) The eligible teaching supplies expense was not deducted from any person's income for any year or included in calculating a deduction from any person's tax payable for any year Teaching supplies are consumable supplies and prescribed durable goods. ... Disposable masks that are not supplied by your school are considered consumable supplies if students are required to wear them in your classroom and all of the conditions above have been met. ... For example, a request made in 2022 must relate to a tax year after 2011 to be considered. ...

All comments received by August 31, 2008, will be considered. New guide for ethnocultural groups now available on our Web site Charitable Work and Ethnocultural Groups ‑ Information on registering as a charity – http://www.cra-arc.gc.ca/tx/chrts/plcy/thn-eng.html. ... Funding is available to registered charities and non-profit organizations serving the charitable sector in Canada to support projects designed to: improve the capacity of the sector to develop and deliver sustainable compliance based education programs; increase the capacity of the charitable sector in meeting regulatory compliance requirements in a sustainable fashion; and raise awareness among the charitable sector of regulatory obligations under the Income Tax Act. 2008/09 funding priorities: Projects designed to address the distinct needs of small and rural charities in meeting their obligations under the Income Tax Act will be considered for possible funding. More specifically, innovative projects designed to address one, or more, of the following priorities will be considered: Projects that focus on the development of tools designed to assist small and rural charities in locating and/or accessing local, regional, and/or provincial information/resources intended to support charities in meeting their regulatory obligations under the Income Tax Act; Projects with broad national application designed to raise the awareness and capacity of boards of directors regarding their compliance obligations under the Income Tax Act; and Projects that foster collaboration with other registered charities to increase the ability of small and rural charities to meet their obligations under the Income Tax Act. ...

The transactions that are considered high risk or sensitive are established by F&A and listed in the Framework. ... Return to footnote_ftn2 referrer Footnote_ftn3 Critical Error- an error serious enough to require that a correction be made, while a non-critical error is considered not material and poses minimum risk. ... Return to footnote_ftn8 referrer Footnote_ftn9 Critical Error- an error serious enough to require that a correction be made, while a non-critical error is considered not material and poses minimum risk. ...

Records or documents prepared in this time period are considered to satisfy the documentation-due date requirement. Pursuant to subsection 247(4), a taxpayer is deemed not to have made reasonable efforts unless the taxpayer makes or obtains, on or before the documentation-due date, records or documents that provide a description that is complete and accurate in all material respects of: the property or services to which the transaction relates the terms and conditions of the transaction and their relationship, if any, to the terms and conditions of each other transaction entered into between the participants in the transaction the identity of the participants in the transaction and their relationship to each other at the time the transaction was entered into the functions performed, the property used or contributed and the risks assumed, in respect of the transaction, by the participants in the transaction the data and methods considered and the analysis performed to determine the transfer prices or the allocations of profits or losses or contributions to costs, as the case may be, in respect of the transaction and the assumptions, strategies and policies, if any, that influenced the determination of the transfer prices or the allocations of profits or losses or contributions to costs, as the case may be, in respect of the transaction Where a transaction spans more than one taxation year or fiscal period, the documentation must be updated to reflect any material changes on or before the documentation-due date for the year or period in which the material change occurs. ... When evaluating a referral, the TPRC will examine the Penalty Referral Report prepared by the auditor, which should provide the following: an overview of the case and the penalty issue the facts of the case an analysis of the taxpayer documentation taking into consideration the six items listed in subparagraphs 247(4)(a)(i) to (vi) and the issues identified by the auditor other related information such as a copy of the formal contemporaneous documentation request letter and requested opinions from other areas within the CRA representations made by the taxpayer or the representative of the taxpayer with respect to the penalty and any comments the auditor may have on each of the points raised in the taxpayer representations Examples of some of the items the TPRC will possibly take into consideration during the evaluation are: whether the documents obtained or prepared by the taxpayer contain a description that is complete and accurate in all material respects of the items listed in 247(4); whether the documents were prepared or obtained by the documentation-due date; and whether the documents were provided within three months of a written request to do so where a foreign-based requirement under section 231.6 of the Act, and/or any domestic-based requirement under section 231.2 was issued, whether the taxpayer provided all of the items requested the significance of the controlled transactions subject to penalty consideration in terms of the taxpayer's overall business and whether the documentation prepared or obtained by the taxpayer was sufficient given the significance of the transaction what efforts have been made to determine and use arm's length transfer prices or allocations, that is, evidence of "reasonable efforts" the magnitude of the transfer pricing adjustments required any downward transfer pricing adjustments considered for setoff against upward transfer pricing adjustments in calculating the amount subject to penalty the auditor's comments on each of the points raised in the taxpayer's representations and any comments made by the Large File Case Manager Refer to TPM-13, Referrals to the Transfer Pricing Review Committee for additional information regarding transfer pricing penalty referrals and QCCA referrals. ...

Fair market value (FMV) FMV is generally considered to mean the highest price expressed in terms of money that can be obtained in an open and unrestricted market between informed and prudent parties, who are dealing at arm’s length and under no compulsion to buy or sell. ... Financially dependent If you are a child or grandchild of an annuitant, you are generally considered financially dependent on that annuitant at the time of their death if, before that person's death, you ordinarily resided with and depended on the annuitant, and you meet one of the following conditions: your net income for the previous year (shown on line 23600 of your income tax and benefit return) was less than the unreduced maximum basic personal amount (line 30000 of your income tax and benefit return) for that previous year your financial dependence was due to mental or physical infirmity and your net income for the previous year was equal to or less than the unreduced maximum basic personal amount plus the disability amount (line 31600 of your income tax and benefit return) for that previous year If, at the time of the annuitant’s death, you are away from home because you were attending school, the CRA still considers you to have resided with the annuitant. ... Related persons Related persons are not considered to deal with each other at arm’s length. ...