Search - considered

In other words, only de jure control is considered. ...

In this respect, two businesses will be considered to be similar if they both fall within the same one of the following categories: merchandising- retailing and wholesaling; farming; fishing; forestry and forest products; extractive industries, including refining; financial services; communications; transportation; construction, including subcontracting; and manufacturing and processing. 1.42 With regard to the categories referred to in ¶1.41, where a business falls into more than one, a similar business will be one that falls into any one of these categories in which the business operates. ...

However, if a trust is established by contributions from two or more unrelated persons and those unrelated persons are beneficiaries of the trust, their respective interests in the trust would be considered to have been acquired for consideration. ...

Furthermore, regardless of who pays the amount, any payment received by an employee as an inducement to accept new employment is considered to be for the purpose of acquiring that taxpayer's experience and capabilities and to be by its nature an income item. ...

Examples of taxes which do not qualify as business income taxes, but which may be considered non-business income taxes (para. 1.21., 1.27) are: U.S. taxes on U.S. business income of an S-Corp which is levied on the U.S. ...

Instead, the demolition of the building would be considered a disposition and may result in a capital loss in the purchaser's hands. ...

S1-F2-C3- Scholarships, Research Grants and Other Education Assistance-- summary under Paragraph 56(1)(n) Summary Under Tax Topics- Income Tax Act- Section 56- Subsection 56(1)- Paragraph 56(1)(n) Amounts awarded to an employee are considered employment income rather than scholarships or bursaries (paras. 3.11-3.13). ...

S1-F2-C3- Scholarships, Research Grants and Other Education Assistance-- summary under Paragraph 8(1)(n) Summary Under Tax Topics- Income Tax Act- Section 8- Subsection 8(1)- Paragraph 8(1)(n) After noting that education-related expenses paid by an employer are considered employment income (at paras. 3.11-3.12), CRA stated: 3.13 Where a student is required to repay an employer for education expenses the employer previously incurred on their behalf, the student will be entitled to deduct the repayment under paragraph 8(1)(n) where the repayment is made by or on behalf of the student in the year pursuant to an arrangement requiring the reimbursement of any amounts received for a period throughout which the student did not perform the duties of the office or employment. ...

S1-F1-C1- Medical Expense Tax Credit-- summary under Paragraph 118.2(2)(k) Summary Under Tax Topics- Income Tax Act- Section 118.2- Subsection 118.2(2)- Paragraph 118.2(2)(k) Although insulin substitutes are not covered under paragraph 118.2(2)(k), they are generally considered drugs, medicaments and other preparations or substances, the cost of which is an eligible medical expense under paragraph 118.2(2)(n) provided the requirements under that provision are otherwise met. ...

Prevailing yields should be considered. 1.22-1.24. Loan v. unpaid amount. ... [W]here accrued interest is added to the outstanding principal amount of an existing loan resulting in a new obligation or novation, an interest payment will not be considered to have been made. ... Where [loan issuance] premium arises because the debt was deliberately priced to give rise to a premium, the interest expense otherwise deductible will not be considered reasonable. ...