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Employee security (stock) options

If the security options are not considered received because of an employment relationship, these are not taxable as an employee benefit. ... Your result Your corporation must meet all of the conditions above to be considered a CCPC If your corporation does not meet all conditions above, it is not a CCPC. Your result Your corporation meets all of the conditions above to be considered a CCPC If your corporation meets all the conditions above, it is a CCPC. ...

Travel expenses

The amount for the reimbursement or the accountable advance is considered reasonable if it meets all of the following conditions: The amount covers the actual employment-related expenses your employee incurred on your business. ... (fixed by an Act of Parliament / Under the authority of the Treasury Board) ITA: 6(1)(b)(ii) Travel and separation allowances (Canadian Forces) ITA: 6(1)(b)(iii) Representation or other special allowances (person described in paragraph 250(1)(b) ITA) ITA: 6(1)(b)(iv) Representation or other special allowances (agent-general of a province – Period in Ottawa) ITA: 6(1)(b)(v) Reasonable allowances for travel expenses (in connection with the selling of property or negotiating of contracts for the employee's employer) ITA: 6(1)(b)(vi) Reasonable allowances received by a minister or clergyman ITA: 6(1)(b)(vii) Reasonable allowances for travel expenses (restriction at the municipal or regional level) ITA: 81(3.1) Travel expenses CPP: 12(1) Amount of contributory salary and wages ETA: 173 Taxable benefit is considered a supply for GST/HST purposes IECPR: 2(1) Amount of insurable earnings IECPR: 2(3) Earnings from insurable employment IECPR: 2(3)(a.1) Earnings from insurable employment- amount excluded as income under 6(1)(a) or (b), 6(6) or (16) of the ITA Document navigation Next: Determine the tax treatment of payments other than regular employment income What is considered reasonable What is considered reasonable allowance What is considered reasonable reimbursement What is a benefit What is an allowance What is a reimbursement What is the CRA's administrative policy for the purpose of taxable benefits Cash Near-cash Non-cash Page details Date modified: 2025-01-09 ...

S2-F1-C2 - Retiring Allowances

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. ... It could be considered: employment income; a retiring allowance; non-taxable damages; or a combination of these. ... The courts have taken the view that an ex-gratia payment received in respect of a loss of employment will be considered a retiring allowance. ...

S3-F3-C1 - Replacement Property

Where no use was made of the property during that year, the use made of the property in the previous tax year will be considered. ... However, in such situations, the specific facts must be considered to determine whether the particular property or properties purchased will be considered as a replacement property for the original property or properties. ... Each situation must be considered on its facts to make this determination. ...

S5-F1-C1 - Determining an Individual’s Residence Status

The factors to be considered in the determination of an individual’s residence status are discussed throughout this Chapter. ... An individual is considered to be resident in the province where he or she has significant residential ties. 1.3 In some cases, an individual will be considered to be resident in more than one province on December 31 of a particular tax year. ... Meaning of resident 1.5 The term resident is not defined in the Act, however, its meaning has been considered by the Courts. ...

S3-F9-C1 - Lottery Winnings, Miscellaneous Receipts, and Income (and Losses) from Crime

Prizes from lottery schemes, pool system betting, and giveaway contests are also considered. ... In order for a transfer to be considered voluntary, there must be no obligation to make such a transfer. ... The prizes are considered to be employment income taxable under subsection 5(1). ...

S3-F1-C1 - Shareholder Loans and Debts

A new chapter is not considered to be draft during the comment period. ... A repayment of $2,000 of the Year 2 loan amount is considered to have been made by December 31, Year 3. ... The provisions of the particular treaty must be considered to determine if a reduced tax rate applies. ...

S1-F2-C3 - Scholarships, Research Grants and Other Education Assistance

For more information about what is considered to be a research grant, see ¶ 3.58. ... In certain limited circumstances, however, amounts received by a post-doctoral fellow may be considered a research grant for purposes of paragraph 56(1)(o) (discussed further at ¶ 3.58). 3.38 Generally, post-doctoral fellows are not considered to be students as that term is used in the Act. ... Such individuals are primarily considered to receive employment income as discussed in ¶ 3.37 to 3.38. ...

S5-F2-C1 - Foreign Tax Credit

On the other hand, a foreign income or profits tax (or portion of the tax) that might otherwise be considered to be business-related but that does not qualify as BIT is not excluded from the definition, and may therefore be considered a NBIT. ... Payment is considered to have been made at the time the amount was withheld. 1.38 A tax is not considered to be paid by the taxpayer for foreign tax credit purposes if the actual liability for the tax lies with another person. ... The sale occurred on a stock exchange in a foreign country and the taxable capital gain is considered to have its source in that foreign country. ...

S4-F15-C1 - Manufacturing and Processing

The operation of bulldozers and boom boats at the mill site are considered part of manufacturing activities. ... While activities related to the receiving and storing of raw materials away from a taxpayer's plant or warehouse are considered to be qualified activities, activities related to the transportation of the raw materials to the plant or warehouse are generally not considered to be qualified activities. ... The compilation of cost records, payrolls, etc., by a computer is not considered to be a qualified activity. ...

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