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When a person dies, they are considered to have sold all their property just prior to death, even though there is no actual disposition or sale. ... If property or assets are transferred to other beneficiaries Capital property (such as real estate, investments, or personal belongings) owned by the person who died is considered to be disposed of by that person immediately before their death at fair market value, and may result in a capital gain or a capital loss which must be reported on Schedule 3 of the Final Return. ... Capital gains may result from transactions in which no tax slips are issued Report on line 12700 and Schedule 3 of the deceased's Final Return The taxable portion of capital gains are included in income A person who died is considered to have disposed of all the property they own right before death. ...

. ¶3.8 (formerly included in ¶6 of IT-75R4) has been expanded to include certain skills (such as certified first aid and truck driver training courses) in the list of examples of the fields of study to which a scholarship or bursary may be considered to apply. ¶3.9 (formerly included in ¶6 of IT-75R4) has been expanded to include additional examples of the types of educational expenses that may fall within the scope of subparagraph 56(1)(n)(i) if paid or reimbursed through a scholarship or bursary program, in line with various CRA interpretations. ¶3.10 has been added to note that the taxability of a scholarship or award in an employment situation is dependent upon the particular facts and circumstances in each case. ¶3.11- 3.20 outline the most common types of arrangements and the tax implications under each. ¶3.12 (formerly included in ¶7 of IT-75R4) has been expanded to note the exception for employer-paid or reimbursed education-related expenses that are determined to be primarily for the benefit of the employer as well as to discuss the impact of any potential commitment to repay all or a portion of an award on the taxability to the recipient. ¶3.13 (formerly included in ¶12 of IT-340R) has been added to describe the circumstances upon which a student may deduct the repayment of an award previously received in respect of an office or employment pursuant to paragraph 8(1)(n). ¶3.16 has been added to note that awards described in ¶3.14 will be considered a repayable award if the student is committed to repay all of a portion of the scholarship or bursary in the future under certain circumstances. ¶3.17- 3.20 (formerly included in ¶9 of IT-75R4) have been expanded and substantially amended to distinguish the tax implications arising with respect to employer-provided scholarship or bursary awards to family members of employees in arm’s length or non-arm’s length situations, and in respect of elementary and secondary or post-secondary education. ... In particular ¶3.28- 3.30 has been added to discuss the circumstances in which an award may be considered employment income of the recipient. ... Subparagraph 56(1)(r)(v) was added by 2009, c. 2, s. 13(2), applicable to the 2008 and subsequent tax years. ¶3.81 has been added to describe the taxation of certain assistance received by an individual in connection with their participation in an employment-related activity, in line with various CRA interpretations on the subject matter. ¶3.84- 3.85 have been added to note that certain payments may be considered social assistance under paragraph 56(1)(u) or a scholarship or bursary under paragraph 56(1)(n) depending on its primary purpose, in line with CRA interpretations and jurisprudence. ¶3.87 (formerly ¶41 of IT-75R4) has been revised to reflect the amendment to Article XX of the Convention between Canada and the United States of America with Respect to Taxes on Income and on Capital pursuant to the coming into force of the Fifth Protocol. ...

Slide 9 Gift certificates and gift cards are always taxable as they’re considered near cash. ... A gift card or gift certificate to a movie theatre is not considered an event ticket. ... We do not provide a threshold amount for what is considered to be nominal value. ...

A builder who is considered to have collected the HST on a self-supply is required to report that amount on its GST/HST return for the reporting period during which the self-supply occurred. ... Rebate when taxable sale of new housing is made A GST/HST rebate is generally available to a non-registrant builder at the time the builder makes a taxable sale of new housing to another person or is considered under the self-supply rules to have made a taxable sale of the new housing. ... New residential rental property rebates The new residential rental property rebate in respect of the federal part of the HST that a non-registrant builder is considered to have collected on a self-supply of new housing continues to be available to eligible builder-landlords and is not affected by the HST rate increase in Prince Edward Island. ...

A builder who is considered to have collected the HST on a self-supply is required to report that amount on its GST/HST return for the reporting period during which the self-supply occurred. ... Rebate when taxable sale of new housing is made A GST/HST rebate is generally available to a non-registrant builder at the time the builder makes a taxable sale of new housing to another person or is considered under the self-supply rules to have made a taxable sale of the new housing. ... New residential rental property rebates The new residential rental property rebate in respect of the federal part of the HST that a non-registrant builder is considered to have collected on a self-supply of new housing continues to be available to eligible builder-landlords and is not affected by the HST rate increases in New Brunswick and Newfoundland and Labrador. ...

Ruling Given Based on the facts set out above, the amount paid upon the signing of a merchandising agreement is considered to be “an amount in return for the promotion of the particular property by the particular registrant”. ... Ruling Given Based on the facts set out above, the allowance given to display Manufacturer A’s trademark on the packaging of the frozen pie shells is not considered to be a qualifying allowance for purposes of section 232.1. ... Ruling Given Based on the facts set out above, the allowance given to not stock a competing manufacturer’s product is considered to be “an amount in return for the promotion of the particular property by the particular registrant”. ...

Though a trust may be considered an individual, this guide is not for trusts. ... You are considered to be self-employed if you have a business relationship with a payer and you have the right to determine where, when, and how your work is done. ... "Related persons" are not considered to deal with each other at arm's length. ...

Indicators that the worker is self-employed Generally, a catering service worker is considered to be self-employed if the employee indicators listed above are not present and the worker: can set their own hours of work and manage their priorities is responsible for hiring and paying a helper or a substitute, if for any reason the worker cannot perform the service or needs help in completing a task can hire someone else (subcontract) without the payer’s approval can choose where the services are performed when possible provides all the tools, equipment, or supplies required to do the work is responsible for repairs and maintenance of the tools, equipment or supplies and is not reimbursed by the payer for any of these costs guarantees that the work will be completed on a timely basis as agreed to with the payer sets the price of their services and can negotiate the contract terms with the payer invoices the payer and prepares the invoice using their own template is responsible for paying any costs due to breakage, damage, negligence or spilling of drink or food arranges for their own insurance, such as workers’ compensation or liability, or both pays for their own advertising and all other operational expenses, such as invoicing, maintaining a website, and printing of business cards has their own customers when required by legislation, has registered for the goods and services tax / harmonized sales tax (GST/HST) or Quebec sales tax (QST), charges the GST/HST or QST, and displays their GST/HST or QST number on their invoices has a business presence Generally, a self-employed catering service worker has a business presence if they: advertise their services for hire online, on social media or in newspapers have a presence on the Internet have personalized invoices or business cards bill customers using invoices with their own branding and collect payments from them are a member of a professional association participate in business development activities, for example networking and finding new markets or business opportunities maintain a business place, and may provide services from that business place, whether it is at a commercial site or at their home have a separate bank account for their business keep books and records have a business licence, when required by law or applicable regulations registered a business name Example of a self-employed worker Mr. ... No matter which classification the worker falls under, they cannot be considered both an employee and a self-employed worker under the same contract or agreement. It is however possible for a worker to be considered an employee under one contract or agreement, while at the same time being considered a self-employed worker under another contract or agreement. ...

If you are an employer, the amounts that you deduct and withhold from the wages of your employees are considered deemed trust amounts. ... Even if you hold these amounts with your personal or business funds, the amounts are considered to be held separate and apart. ... A tax debtor operates a courier company and has an $18,000 payroll deductions debt for 2013; of which $15,000 is considered deemed trust amounts. ...

In general, a housing unit will be considered to be a qualifying individual’s principal residence where it is ordinarily inhabited (or is expected to be ordinarily inhabited within that tax year) by the qualifying individual and it is owned (either jointly or otherwise) by the qualifying individual or the qualifying individual’s spouse or common-law partner. ... In the case where a qualifying individual does not own a principal residence, a dwelling will also be considered to be an eligible dwelling of the qualifying individual if it is the principal residence of an eligible individual in respect of the qualifying individual who ordinarily inhabits that dwelling with the eligible individual. Generally, land of ½ hectare (1.24 acres), including the land upon which the housing unit stands and any portion of the adjoining land, will be considered part of the eligible dwelling. 6. ...