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A financial institution (FI) would generally be considered to be an SLFI throughout a reporting period in a fiscal year that ends in a particular taxation year of the FI if it is an LFI described in any subparagraphs 149(1)(a)(i) to (x) at any time during the particular taxation year, and the FI has a permanent establishment in a participating province and a permanent establishment in any other province, at any time during the taxation year. ... Insurance companies and fraternal benefit societies that are registered federally or provincially are generally considered to be LFIs. ... Person whose principal business is the lending of money or the purchasing of debit securities or a combination thereof – A person that carries on business principally as a finance company, acceptance company, factor, venture capitalist, or a loan, mortgage or investment company is considered to be an LFI. ...

An entity must meet all of the conditions set out in this definition to be considered a non-profit organization for the purposes of the Act. ... A non-profit organization is considered to have been "established primarily for the benefit of organized labour" if it was established primarily to provide some advantage to organized labour, such as: a trade union as defined in section 3 of the Canada Labour Code; a trade union as defined in any provincial act that provides for the investigation, conciliation, or settlement of industrial disputes; an association of public servants whose primary object is to promote the improvement of the members’ conditions of employment or work; or a parity or advisory committee or similar body. 15. ... Therefore, Organization A is considered to have been "established primarily for the benefit of organized labour". ...

An early payment discount to which section 161 applies is not considered to be a reduction of consideration. 10. A reduction in consideration is not considered to have occurred if the goods are sold back to the original supplier. To be considered a reduction of consideration, it must be evident that the goods are being returned to the supplier rather than being sold to the supplier. ...

When completing the T3 return, follow the instructions in the T3 guide, and make sure that you: (a) complete all of the identification area on page 1; (b) identify the trust as a communal organization; (c) do not deduct any amount for salaries, wages, or benefits of any kind paid to any members of the congregation when calculating the trust's taxable income; (d) if you make an election regarding taxable income, determine the trust's modified taxable income; (e) if you make an election regarding donations and gifts, enter on Schedule 9, Summary of Income Allocations and Designations to Beneficiaries, the total amount of charitable donations and Crown and cultural gifts designated to members of the congregation; and (f) if the trust is allocating business, farming, or fishing income, enter on Schedule 9, in the area called "self-employment earnings," the total amount of business, farming, and fishing income allocated, since it is considered to be self-employment income for CPP contributions. 20. ... The income the trust allocates will be considered to be the income of the beneficiaries for the year from a trust. ... However, business income allocated by the trust is considered to be self-employment earnings for Canada Pension Plan contributions. 24. ...

This is because neither registrant is considered to have acquired physical possession of the good. ... As a result, the registrant is considered to have transferred physical possession to the bailee. ... As a result, the registrant is considered to have transferred physical possession to the bailee, which is considered to have acquired physical possession of the good. ...

In this case, the agreement for the supply of the goods does not have to be entered into before the goods are imported in order to be considered a specified supply. ... Although section 178.8 of the Act only becomes effective October 3, 2003, it is important to note that the person who is considered to be the constructive importer under these new rules will generally be a person who would have been considered the de facto importer prior to that date. ... The non-resident lessor is considered to have made a separate supply of the property for each period to which a lease payment is attributable Footnote 61. ...

When the returns have omissions of different types of income, an omission will be considered to have occurred in each year in which income was not reported. ... In all instances where books and records are considered inadequate, an informal request or a requirement letter to keep adequate records should be sent to the taxpayer. ... In no case is a penalty to be applied without the taxpayer first being advised in writing that a penalty is being considered. ...

Your payment is considered on time if it is received on the first business day after the due date. ... The 23% non-resident withholding tax will be considered the final tax obligation to Canada on that income. ... Related persons are not considered to deal with each other at arm’s length. ...

You are considered a deemed resident (that is, you don’t have to pay provincial or territorial tax). ... A determination of residence status can only be made after all the factors have been considered. ... Return to footnote12 referrer Footnote 13 Provinces and territories are determined by the first letter in the postal code, and the 2nd digit if a “0” is considered a rural address and any other character is considered urban. ...

If Canada pension plan contributions and employment insurance premiums have been paid for an individual to provide child care in your home, the share that you have paid would also be considered to be child care expenses. ...