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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. ... However, a niece, nephew, aunt, or uncle is generally not considered to be related to the taxpayer. ... The second parent is generally considered to have paid child care expenses in the amount of the reimbursement they paid to the first parent. ...

A in his home to perform the administrative functions of his business will be considered Mr. ... B’s rented office space will be considered her principal place of business. ... Other allocation methods may be considered reasonable depending on the particular circumstances. ...

An advantage is not considered nominal if its fair market value cannot be ascertained. ... The value of the activity that is the object of the fundraising event will not be considered for purposes of applying the nominal threshold. ... The shares are not listed on a designated stock exchange and are considered capital property to the individual. ...

All of them are relevant and each should be considered in relation to the other rather than as separate tests. ... The access rights are considered to be part of the capital cost of the road (Class 17) because of paragraph 13(7.5)(c). ... In this situation, the rules in section 261 should be considered in determining or converting the cost of the property. ...

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 description of those provisions would be beyond the scope of this Chapter. 1.3 Where a price adjustment clause meets the requirements listed in ¶1.5, the property will be considered to be transferred for FMV consideration and the provisions of the Act listed in ¶1.2 will not result in an income inclusion for the purchaser or the vendor. 1.4 The CRA is only concerned with the valuation of property for purposes of administering the Act and determining the tax consequences. ... Consequences arising from the application of a price adjustment clause 1.8 In recognizing the exercise of a price adjustment clause that meets the conditions listed in ¶1.5 in respect of a transfer of property that is subject to a price adjustment clause, the FMV of the consideration received will be considered to be equivalent to the FMV of the property transferred for purposes of applying subsections 15(1), 51(2), 69(1), 74.1(1) and (2), section 74.2 and 74.3, subsections 74.4(2) and 75(2), paragraph 85(1)(e.2) and subsection 86(2) of the Act. ...

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. ... There must be: a) a joint property interest in the subject matter of the venture; b) a right of mutual control and management of the enterprise; and c) a limitation of the objective of the business to a single undertaking or a limited number of undertakings. 1.21 Since a joint venture is not recognized as a taxpayer under the Act, a joint venture cannot have its own fiscal period or claim capital cost allowance, among other things. 1.22 A joint venture agreement, whereby two or more persons agree that each provides their own property, performs a specific task and receives a specific division of profits from such a task, may be considered a partnership as regards such profits. However, if the property is not held under joint tenancy or tenancy in common, it is not considered to be partnership property. ...

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. ... Specific medical conditions and eligibility for the disability tax credit 2.16 Claims for the disability tax credit must generally be considered on a case-by-case basis. ... Subsection 118.4(2) describes the requirements for a person to be considered a medical practitioner for purposes of sections 63, 64, 118.2, 118.3 and 118.6. ...

Cryptocurrencies, such as bitcoins, are not considered to be money issued by a government of a country and are not qualified investments. ... A security that is approved for listing or that has a conditional approval for listing is not at that time considered to be listed on a designated stock exchange. ... A registered plan that engages in option writing strategies that are speculative in nature may be considered to be carrying on a business. ...

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. ... No single criterion in ¶1.12 will necessarily be decisive, and the significance of a particular criterion depends on the facts of the case. 1.14 In determining whether a corporation qualifies as a PBC, its activities for the full tax year must be considered. Also, the business operations of the company as a whole should be considered, not only the company’s operations in Canada. 1.15 In general, in determining a corporation’s principal business for a particular tax year, only the business operations in that year should be considered. ...

Where a benefit or debt is connected in any way with the existence of a plan, it is considered to be conditional on the existence of the plan. ... Unlike the cash payments described in Examples 4 and 6 in ¶3.12, such cash prizes are not considered a return on investment. ... Each waiver request will be considered on its own merits. Application This updated Chapter, which may be referenced as S3-F10-C3, is effective May 28, 2024. ...