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The amount you can deduct in a given year for any expense depends if it is considered a current year expense or capital expense. ... The following may be considered when determining operating expenses: Advertising Allowance on eligible capital property Bad debts Business start-up costs Business tax, fees, licenses and dues Business-use-of-home-expenses Capital cost allowance Delivery, freight, and express Fuel costs (except for motor vehicles) Insurance Interest charges Fees, penalties, or bonuses paid for a loan Fees deductible over five years Fees deductible in the year incurred Interest deductible on property no longer used for business purposes Interest on loans made against insurance policies Capitalizing interest Interest related to work space in your home Maintenance and repairs Long-haul truck drivers Extra food and beverages consumed by self-employed Management and administration fees Meals and entertainment (allowable part only) Motor vehicle expenses Legal, accounting, and other professional fees Prepaid expenses Office expenses Other expenses Property taxes Rent Salaries, wages, and benefits (including employer's contributions) Supplies Telephone and utilities Travel Advertising You can deduct expenses for advertising, including advertising in Canadian newspapers and on Canadian television and radio stations. ...

In such cases the property the credit union seizes or repossesses will be considered inventory for purposes of the GST/HST and not capital property. ... This position that seized or repossessed property is considered inventory is consistent with that taken by the Department with respect to the status of such property for income tax purposes. ...

Line 450- Employment Insurance overpayment If you were not considered a resident of Quebec on December 31, 2008, and you contributed more than you had to (see line 312), enter the difference on line 450. ... Under proposed changes, if you were considered a resident of Quebec on December 31, 2008, and contributed more than you had to (see line 312), enter the difference on line 450. ...

Our audit coverage rates vary depending on the risk and the taxpayer population being considered. ... The reason, in part, is because of changes in population, which were not considered when the funding was originally approved. ...

By the same token, parents need to file only one application to be considered for income-based child benefits from both levels of government. Individuals need only “tick the box” when they complete their annual tax and benefit return to be considered for sales tax credits offered from both levels of government. ...

Appendix D – Glossary Accrual accounting The method of recording transactions by which revenues and expenses are reflected in the determination of results for the period in which they are considered to have been earned and incurred, whether or not such transactions have been settled finally by the receipt or payment of cash or its equivalent. ... To be differentiated from outcomes, which are considered the effects or ramifications of outputs; e.g. an audit may generate additional tax revenue as an output and result in increased taxpayer compliance as an outcome. ...

While it is clear that tax evasion, or deliberate contravention or ignoring of a specific part of the law, should be considered to contribute to the tax gap, the appropriate treatment of tax avoidance is less clear. ... The inclusion or exclusion of tax avoidance is one of the many decisions that must be considered by tax administrations when determining the parameters that apply to their tax gap estimates. c. ...

If you provided a taxable benefit to an employee If you are considered to have collected the GST/HST on a taxable benefit, you have to calculate the amount of the GST/HST due. The amount of the GST/HST you are considered to have collected on a taxable benefit is based on a percentage of the value of the benefit for GST/HST purposes. ...

In such cases the property the credit union seizes or repossesses will be considered inventory for purposes of the GST/HST and not capital property. ... This position that seized or repossessed property is considered inventory is consistent with that taken by the Department with respect to the status of such property for income tax purposes. ...

Host receives from an ISC an item (other than an exclusive product) An item (other than an exclusive product) is considered as a sales aid when an approved direct seller supplies it to an ISC who will give it to a host as a host gift. ... The $5,000 revenues from the sale of exclusive products are not considered when determining whether he has to register. ...