Search - considered

New employers are considered regular remitters, so you should send your remittances monthly unless the CRA advises you to use a different remittance frequency. ... This is the amount of the AMWA that will be used for 2017, and you would be considered a Threshold 1 remitter. ... Slide 28: Remittances are considered to have been made the day the CRA receives them. ...

If these conditions are not met, subsection 147.3(12) of the Act provides that the registration of the transferor plan is revocable. 4 In addition, subsection 147.3(10) of the Act deems the portion of the amount transferred in excess of what is permitted under subsection 147.3(4) to have been paid to the individual, and the individual is considered to have contributed the amount to the money purchase vehicle, 5 assuming there is no other provision to accommodate the transfer, e.g., subsection 147.3(6) of the Act. ... Where (a) an amount is transferred on behalf of an individual from a defined benefit provision of an RPP to a money purchase vehicle in accordance with subsection 147.3(4) of the Act, (b) retirement benefits had begun to be paid under the provision to the individual within one year before the transfer, and (c) the amount determined under paragraph 8517(4)(a) of the Regulations in respect of the transfer is greater than the amount that would be determined under paragraph 8517(4)(b) of the Regulations in respect of the transfer if retirement benefits had not begun to be paid to the member, the amount so transferred shall not exceed the amount that would be determined under subsection 8517(1) of the Regulations in respect of the transfer if paragraph 8517(4)(b) of the Regulations were applicable, unless none of the reasons for beginning to pay the retirement benefits can reasonably be considered to have been to maximize the amount that may be transferred in accordance with subsection 147.3(4) of the Act. ... Attained age Factor Attained age Factor Attained age Factor Under 50 9.0 65 12.4 81 7.0 50 9.4 66 12.0 82 6.7 51 9.6 67 11.7 83 6.4 52 9.8 68 11.3 84 6.1 53 10.0 69 11.0 85 5.8 54 10.2 70 10.6 86 5.5 55 10.4 71 10.3 87 5.2 56 10.6 72 10.1 88 4.9 57 10.8 73 9.8 89 4.7 58 11.0 74 9.4 90 4.4 59 11.3 75 9.1 91 4.2 60 11.5 76 8.7 92 3.9 61 11.7 77 8.4 93 3.7 62 12.0 78 8.0 94 3.5 63 12.2 79 7.7 95 3.2 64 12.4 80 7.3 96 or over 3.0 1 Where payments are made in two or more installments as a consequence of the transfer deficiency requirements under provincial pension legislation, each payment is a single amount and is subject to the prescribed amount limit at the time of each transfer. 2 Note that the prohibition on the transfer of surplus does not extend to situations where actuarial surplus is used to fund benefit upgrades for plan members, such as on the wind-up of a plan, since such amounts are no longer considered to be surplus. ...

Although there are no provisions that zero-rate the supply of an IUD as a device, the supply of certain IUDs may be considered to be a supply of a drug for purposes of the GST/HST. ... In other words, the supply of long-term residential accommodation, for which no funding described in item 4 above is received,even if the rent paid for this accommodation is geared to the tenant’s income, is not considered to be within an organization’s designated activities. ... These remaining funds are not considered to be government funding. Therefore, upon expiry of the operating agreement, the housing provider no longer meets the government funding criterion, even if it has funds remaining in the SSF. ...

Activities involving music entertainment or appreciation and recreational courses that include an element of music (e.g. ballroom dancing, aerobics) would not be considered music lessons. ... If a supplier provides multiple music programs, some of these programs may be considered music lessons for GST/HST purposes while others may not. ... Each program must be considered separately. Example A supplier offers a program for pre-school aged children and their parents. ...

A person only has to accept responsibility as the supplier of the freight transportation service to be considered the carrier. ... A stop between two legs of a journey that is 24 hours or less is not considered to be a stopover. However, a stop of more than 24 hours between two legs of a journey will generally be considered a stopover where two or more tickets or vouchers are issued for the legs of the journey. ...

A taxpayer requesting an interpretation should provide sufficient information to enable the CRA to understand the issues to be considered. 12. ... Circumstances in which the CRA may not issue a ruling include: when a transaction on which a ruling has been requested is the same in character as a transaction completed by the requestor in a prior period, and the application of the relevant legislation to the earlier transaction is under discussion with the requestor, in dispute, or under assessment or proposed assessment, but is not before the courts; when the CRA believes that the request may be in respect of illegal activities; when the request concerns a matter in respect of which a notice of objection filed by the requestor is being considered; when the central issue involves a matter that is before the courts or, if a judgement has been issued, when an appeal to a higher court is being considered; when the request contains alternative courses of action on the part of the person requesting the ruling; when the request is for a determination of the fair market value of property; when a request involves a matter dealing with proposed or draft legislation, draft regulations, budget proposals, or notices of ways and means motions; when the request concerns tax or duty related calculations (e.g., the amount of net tax due for GST/HST purposes or the amount of excise duty payable); when a ruling would require an opinion on generally accepted accounting principles or commercial practices; when a request is for a determination of fact, and the circumstances are such that all of the pertinent facts cannot be established (this could include issues involving the carrying on of a business, the existence of a partnership, a trust or an agency relationship, or the reasonableness of a cost allocation method); or when the request is for the interpretation of a law not administered by the CRA, e.g., a foreign law. 28. ...

Pursuant to section 143, the CRA may impose any conditions or restrictions that may be considered necessary in respect of the making, importation, packaging, use or sale of an approved formulation or in respect of any other dealing with an approved formulation. ... Research and development is not considered to be analysis. Alcohol is considered to be used for analysis when it is used: for determining the volume and absolute ethyl alcohol content of the alcohol; for analytical and chemical testing; or for quality control purposes. 51. ...

This is the amount A of your Form T1139 B is the lesser of: the total amount included in A above that is considered to be a taxable capital gain for the purpose of the capital gains deduction your total capital gains deduction deducted for 2017 C is the number of days you carry on the business after the end of the fiscal period up to and including December 31, 2017 D is the number of days you carry on the business that are in the fiscal periods ending in 2017 Note If the amount you calculate with the formula is negative, we consider it to be zero. ... In this case, to calculate the additional business income to enter at amount C, it is the lesser of: any amount you designate as your additional business income the amount determined by the following formula: (V – X) × Y ÷ Z, where: V is your net business income for the fiscal period ending in 2018 (see note below) X is the lesser of: the total amount included in V above that is considered to be a taxable capital gain for the purpose of the capital gains deduction your total capital gains deduction deducted for 2018 Y is the number of days you carry on the business in 2017 that are in the fiscal period ending in 2018 Z is the number of days you carry on the business that are in the fiscal period ending in 2018 Note If amounts V or X are not known, use reasonable estimated amounts. ... This is the amount A R is the lesser of: the total amount included in Q above that is considered to be a taxable capital gain for the purpose of the capital gains deduction the total capital gains deduction deducted for 2017 S is the number of days the business is carried on after the end of the 2017 fiscal period, up to and including the date of death T is the number of days the business is carried on that are in the regular fiscal period(s) ending in 2017 Note If the amount you calculate with the formula is negative, we will consider it to be nil. ...

In certain circumstances, you may also earn farming income from: raising fish; market gardening; operating a nursery or greenhouse; and operating a maple sugar bush (includes the activity of maple sap transformation into maple products if this activity is considered incidental to the basic activities of a maple sugar bush, such as the extraction and the collection of maple sap, which are farming activities). ... It is considered a business activity and must be reported as business income on Form T2125, Statement of Business or Professional Activities. ... Note Income earned from the following is not allowable for AgriStability or AgriInvest even if it is considered farming income for income tax purposes: aquaculture; trees and seedlings sold for use in reforestation; wood sales; peat moss; and wild game reserves. ...

In certain circumstances, you may also earn farming income from: raising fish; market gardening; operating a nursery or greenhouse; and operating a maple sugar bush (includes the activity of maple sap transformation into maple products if this activity is considered incidental to the basic activities of a maple sugar bush, such as the extraction and the collection of maple sap, which are farming activities). ... It is considered a business activity and must be reported as business income on Form T2125, Statement of Business or Professional Activities. ... Note Income earned from the following is not allowable for AgriStability or AgriInvest even if it is considered farming income for income tax purposes: aquaculture; trees and seedlings sold for use in reforestation; wood sales; peat moss; and wild game reserves. ...