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Tourism, hospitality, arts, entertainment, and recreation activities that qualify for the THRP If you are an eligible organization who earned more than 50% of your eligible revenue for the prior reference period months used to calculate your 12-month average revenue drop from one or a combination of the activities listed below, you may be considered a qualifying tourism or hospitality entity for the purposes of being eligible for the THRP. ... However, selling equipment to a music festival would not be considered supporting that particular event. ...

If your business, registered charity, or non-profit is related to another eligible entity, you may be considered to be part of an "affiliated group". ... For claim periods that begin on October 24, 2021 and later: answer a few questions to find out which subsidies you are eligible for Or, for past and present claim periods, read the additional requirements to be eligible for each subsidy: Tourism and Hospitality Recovery Program (THRP) eligibility There are two ways eligible organizations can qualify for the THRP: Tourism and hospitality sector: Option 1 of 2 The first way to qualify for the THRP is by meeting the following three conditions: More than 50% of your total eligible revenue for the prior reference periods for CEWS claim periods 1 to 13 (but excluding one of either CEWS claim period 10 or 11) comes from one or more of the tourism, hospitality, arts, entertainment, or recreation activities this program supports You have a 12-month average revenue drop from March 2020 to February 2021 of at least 40% You have a claim period revenue drop of at least 40% Find out if your activities are considered part of tourism, hospitality, arts, entertainment, or recreation Updated: May 17, 2022 Organizations affected by a qualifying public health restriction: Option 2 of 2 The second way to qualify for the THRP was introduced as the Local Lockdown Program. ...

A comparison of registered charities, head bodies and internal divisions Topic Registered charity Head body Internal Division Purposes Must be established and operate for purposes that are exclusively charitable Must be established and operate for purposes that are exclusively charitable Must operate to advance the head body’s charitable purposes Registration Must apply to the CRA and be approved for registration as a charity Must apply to the CRA and be approved for registration as a charity May apply to the CRA and be approved for registration as a charity Governing document Must be legally established by a governing document such as: • articles of incorporation • a constitution • a trust document Must be legally established by a governing document such as: • articles of incorporation • a trust document Does not have its own governing document but operates under the governing document of its head body: • must provide a letter of good standing issued by its head body detailing relationship between internal division and head body Property ownership Must be established by a trust or incorporation Must be established by a trust or incorporation Does not own property (head body owns or holds title to the property of the internal division) Legal entity Yes Yes It is part of the head body and does not have its own governing document so its not considered a separate legal entity Charitable registration number Gets a charitable registration number once approved by the CRA Gets a charitable registration number once approved by the CRA Gets a charitable registration number once approved by the CRA. ... The organization is established under its own incorporation and is therefore a legal entity in its own right and cannot be considered an internal division. ...

Programs to address issues beyond the direct effects of a disaster or crisis are considered general development assistance, not relief activities in response to a disaster or urgent humanitarian aid. ... Each applicant will be considered individually based on the facts presented at the time the application is made. ...

Examples of transactions not considered donations include: paying an admission fee to some events or programs; buying a lottery ticket or any other chance to win a prize, even though the lottery proceeds may benefit one or more charities; contributing services, like providing free legal or accounting services; and finally promising or pledging to make a donation. ... The $50 meal must be deducted from the receipt because it is considered the purpose of the event and we have learned that the purpose of the event is always a donor advantage. ...

It must also specify that these payments are only considered RDSP contributions for the purposes of paragraphs 146.4(4)(f) to (h) and (n) of the Act. ... For the purpose of this bulletin and for the administration of the qualifying family member legislation, only a legal parent who meets the conditions under the section entitled qualifying person is to be considered a qualifying family member. ...

Calculating the qualified SR&ED expenditure amount for investment tax credit purposes In calculating the investment tax credit (ITC), government assistance that can reasonably be considered in respect of SR&ED reduces the qualified SR&ED expenditures, if the taxpayer, on or before the filing due date for the tax year: received the assistance is entitled to receive it can reasonably be expected to receive it The CEWS received or receivable for an expenditure of a taxpayer that may be a qualified SR&ED expenditure is considered assistance in respect of SR&ED. ...

Eligibility for past subsidies Tourism, hospitality, arts, entertainment, and recreation activities that qualified for the THRP If you were an eligible organization who earned more than 50% of your eligible revenue for the prior reference period months used to calculate your 12-month average revenue drop from one or a combination of the activities listed below, you may have been considered a qualifying tourism or hospitality entity for the purposes of being eligible for the THRP. ... However, selling equipment to a music festival would not be considered supporting that particular event. ...

If your enquiry relates to a situation being considered by a tax services office or a tax centre, or to a matter under objection or that is the subject of a current or completed court process, any general comments provided should not be interpreted as confirmation of the tax treatment. ... You accept the risks inherent in sending information electronically and recognize that all messages sent over the Internet may be considered as being accessed and disclosed to unknown third parties somewhere in the world. ...

Property that formerly would have been eligible capital property is now considered depreciable property under the capital cost allowance rate of Class 14.1. ... Annual allowance You cannot fully deduct an eligible capital expenditure because the expenditure is considered to be capital in nature and provides a lasting economic benefit. ...