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Miscellaneous severed letter
15 December 1989 Income Tax Severed Letter AC59130 - Accrued Interest on a "Compound Interest" CSB Considered as a "Right or Thing"
15 December 1989 Income Tax Severed Letter AC59130- Accrued Interest on a "Compound Interest" CSB Considered as a "Right or Thing" 5-9130 M. ...
Miscellaneous severed letter
1 June 1990 Income Tax Severed Letter ACC9059 - Inventory Considered Depreciable Property
1 June 1990 Income Tax Severed Letter ACC9059- Inventory Considered Depreciable Property 24(1) 24(1) New Information 24(1) Issues The Issues are: 24(1) Your Views You agree with our original opinion that 24(1) Even if the properties are considered to be inventory, you the Department's policy as described in paragraph 16 of IT-102R is to recognize them as depreciable property: Where stock in trade is transferred temporarily from the taxpayer's inventory for the purpose of renting the property on a short-term basis...the property may be classed as capital property while it is being rented. ... As outlined in paragraphs 20 and 21 of IT-331R, the lessor must acquire the property to be leased and the property must be leased before the equipment is considered to qualify for the ITC. ...
Technical Interpretation - Internal
18 January 1996 Internal T.I. 9530626 - MULTI-EMPLOYER WAGE LOSS PLAN NOT CONSIDERED 2 PLANS
18 January 1996 Internal T.I. 9530626- MULTI-EMPLOYER WAGE LOSS PLAN NOT CONSIDERED 2 PLANS Unedited CRA Tags 6(1)(f) Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department. ... Principal Issues: whether 6(1)(f) would apply to all employees covered by a multi-employer plan where one employer out of many makes no contributions to the plan Position: 6(1)(f) would not apply Reasons: while 6(1)(f) only applies where the employee's employer has made a contribution, we have previously expressed the view that a single plan cannot be regarded as more than one plan in order that part of the plan be considered an employee-pay-all plan: however in a multi-employer situation, there may be many near-identical plans administered by a single plan administrator. ...
Technical Interpretation - External
24 June 1992 External T.I. 9207495 F - Indian Band Considered To Be Municipality
24 June 1992 External T.I. 9207495 F- Indian Band Considered To Be Municipality Unedited CRA Tags 110.1(1)(a)(iv), 118.1(1) total charitable gifts 920749 24(1) J.D. ...
Miscellaneous severed letter
16 December 1988 Income Tax Severed Letter 7-3381 - [IT-96R4, paragraphs 1 and 2 (allocation of issue price between debentures and warrants) IT-114, paragraphs 3 and 24 (deductibility of discount considered to be the equivalent of interest)]
16 December 1988 Income Tax Severed Letter 7-3381- [IT-96R4, paragraphs 1 and 2 (allocation of issue price between debentures and warrants) IT-114, paragraphs 3 and 24 (deductibility of discount considered to be the equivalent of interest)] December 16, 1988 HEAD OFFICE Financial Industries Division B. Dwyer 957-2744 Subject: IT-96R4, paragraphs 1 and 2 (allocation of issue price between debentures and warrants) IT-114, paragraphs 3 and 24 (deductibility of discount considered to be the equivalent of interest) This memorandum is in response to your memorandum dated October 18, 1988, in which you asked for our comments on the above-noted matters. ...
Old website (cra-arc.gc.ca)
How to calculate the amount of the GST/HST you are considered to have collected
How to calculate the amount of the GST/HST you are considered to have collected 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. ... If the last establishment where your employee ordinarily worked or to which he or she ordinarily reported in the year is located in a non-participating province or territory (the rest of Canada), you are considered to have collected 3% of the value of the benefit for GST/HST purposes. ... If the last establishment where your employee ordinarily worked or to which he or she ordinarily reported in the year is located in a non participating province or territory, you are considered to have collected 4/104 of the value of the benefit for GST/HST purposes as calculated above. ...
Current CRA website
How to calculate the amount of the GST/HST you are considered to have collected
How to calculate the amount of the GST/HST you are considered to have collected 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. ... Automobile operating expense benefits If the last establishment where your employee ordinarily worked or to which they ordinarily reported in the year is located in a participating province (Prince Edward Island, New Brunswick, Newfoundland and Labrador, Nova Scotia, or Ontario), you are considered to have collected an amount equal to a percentage of the value of the benefit for GST/HST purposes, based on one of the following rates: 11% for Nova Scotia, New Brunswick, Newfoundland and Labrador, and Prince Edward Island 9% for Ontario If the last establishment where your employee ordinarily worked or to which they ordinarily reported in the year is located in a non-participating province or territory (the rest of Canada), you are considered to have collected 3% of the value of the benefit for GST/HST purposes. ... You are considered to have collected an amount equal to 5/105 for GST or one of the following for HST on a reimbursement: 15/115 for Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador 13/113 for Ontario In this situation, you have to include the GST/HST for this reimbursement in your GST/HST return for the reporting period that includes the date of the reimbursement. ...
Current CRA website
Per-kilometre allowance rates that are not considered reasonable
Per-kilometre allowance rates that are not considered reasonable If you pay your employee an allowance based on a per-kilometre rate that is not considered reasonable (because it is either too high or too low), it is a taxable benefit and has to be included in the employee's income. ... In this example, the allowance is considered a taxable benefit because the rate per kilometre is not considered reasonable because it is lower than the reasonable per-kilometre rate. ...
Old website (cra-arc.gc.ca)
Forgiven Debts Considered Bad Debts
Forgiven Debts Considered Bad Debts Please note that the following Policy Statement, although correct at the time of issue, may not have been updated to reflect any subsequent legislative changes. ... For purposes of the Excise Tax Act (the "ETA"), forgiven debts pursuant to an arrangement under the Companies' Creditors Arrangement Act are considered to be bad debts as opposed to reductions of consideration. ... Forgiven debts pursuant to an arrangement under the Companies' Creditors Arrangement Act, are considered to be bad debts for purposes of the ETA. ...
Old website (cra-arc.gc.ca)
Situations where you are not considered to have collected the GST/HST
Situations where you are not considered to have collected the GST/HST You are not considered to have collected the GST/HST on taxable benefits provided to employees in any of the following situations: The property or services that give rise to a taxable benefit are GST/HST-exempt or zero-rated. ... However, you will not be considered to have collected tax in respect of the benefit provided to the employee, since the supplies were made outside of Canada. Also, if the taxable benefit is for the standby charge or operating expense benefit of an automobile or an aircraft, you are not considered to have collected the GST/HST on this benefit in the following situations: You are an individual or a partnership and the passenger vehicle or the aircraft that you have bought is used less than 90% in the commercial activities of the business. ...