Search - considered

The purpose of this Chapter is to identify and discuss various income tax provisions that should generally be considered in determining the deductibility of a fine or penalty in any particular case. ... The reader should, therefore, consider the chapter’s information in light of the relevant provisions of the law in force for the particular tax year being considered. ... Such credits are purchased as a compliance measure and are not considered a penalty under the relevant provincial climate change legislation. ...

The reader should, therefore, consider such comments in light of the relevant provisions of the law in force for the particular tax year being considered. ... However, the payment is considered scholarship income. For more information on the taxation of scholarships, see ¶3.10 to 3.16 of Income Tax Folio S1-F2-C3, Scholarships, Research Grants and Other Education Assistance. ... However, since the amount was compensation for the loss of employment, the payment is considered a retiring allowance and included in the individual’s income under subparagraph 56(1)(a)(ii). ...

The reader should, therefore, consider the Chapter’s information in light of the relevant provisions of the law in force for the particular tax year being considered. ... An occupation, for this purpose, is considered to be a profession, vocation, trade, or other particular employment. ... As in ¶2.18, a graduate student holding a full-time job is not necessarily precluded from being considered in full-time attendance at a university. ...

Each of these is discussed below, but in general, an interest of at least 10% is considered a significant interest. ... Paragraph 251(2)(b) sets out, among other things, the circumstances in which an individual is considered to be related to a corporation. ... Therefore, he would not be considered to have a significant interest in ABC Company. ...

The reader should, therefore, consider the Chapter’s information in light of the relevant provisions of the law in force for the particular tax year being considered. ... In effect, once it is determined that a plan is a pension plan, most payments from the plan are considered pension benefits. ... Consequently, a deduction is not allowed for what might otherwise be considered to be the capital element of the payment. ...

An amount is considered to be interest if, in general terms: it represents compensation for the use of money; it is referable to a principal sum; and it accrues day-to-day. ... Interest on a banker’s acceptance will therefore be considered interest on borrowed money within the meaning of paragraph 20(1)(c). 1.23 In MNR v T. ... For other taxpayers it will generally be considered a non-taxable capital receipt. ...

For example, a man or woman is considered to remain a child of his or her deceased spouse's mother or father. ... Therefore, no amount should be considered to have been paid by François for the support of Marcel. ... For example, a foster child is not considered to be wholly dependent for support on a foster parent who receives payments from an agency responsible for the child’s care. 1.48 A child born alive (even if alive only briefly after birth) is considered to be dependent for support on an individual. ...

For example, a man or woman is considered to remain a child of his or her deceased spouse’s mother or father. ... Therefore, no amount should be considered to have been paid by François for the support of Marcel. ... For example, a foster child is not considered to be wholly dependent for support on a foster parent who receives payments from an agency responsible for the child’s care. 2.49 A child born alive (even if alive only briefly after birth) is considered to be dependent for support on an individual. ...

The reader should, therefore, consider such comments in light of the relevant provisions of the law in force for the particular tax year being considered. ... A taxpayer who executes a valid disclaimer (not in favour of any person) of an income interest in a trust will be considered not to have acquired that income interest. ... A is not considered to have received any proceeds of disposition for purposes of paragraph 106(2)(a). ...

In the case of same-sex common-law partners, they will be considered a family unit for the 2001 and subsequent tax years. ... The comments below deal with some situations where a taxpayer is considered to own, and other situations where a taxpayer is considered not to own, a property for purposes of the principal residence exemption. ... A purchaser’s interest or right in a house bought under the Veterans’ Land Act will also be considered to be ownership of property. ...