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Smith is considered to have made a taxable self-supply (sale and repurchase) of the lot when he gives possession of the lot to Mr. ... Smith is considered to have paid and collected HST at 13% on the fair market value of the lot. ...

Smith is considered to have made a taxable self-supply (sale and repurchase) of the lot when he gives possession of the lot to Mr. ... Smith is considered to have paid and collected HST at 12% on the fair market value of the lot. ...

This exemption only applies if the property was considered the individual’s principal residence for all the years they owned it. ... However, CVITP volunteers can prepare returns for individuals who have sold a property only if: the entire property is designated as their principal residence for all years that they owned it the individual never reported any rental income (or loss) generated from the property If these conditions do not apply, the situation would be considered complex and, therefore, beyond the scope of CVITP volunteer responsibilities. ...

The amounts earned by a Participant under a Contract are considered income from a source that is either business or property. 2. ... Generally, costs associated with the purchase and installation of renewable energy property are considered as capital costs of depreciable property, which are deducted over a period of several years, based on a prescribed percentage. ...

Your return will be considered filed on time if the CRA receives it, or is postmarked, on or before May 1, 2023. ...

As this date falls on a Saturday, your return will be considered filed on time if the CRA receives it or it is postmarked on or before June 17, 2024. ... Residential Property Flipping Rule – Starting January 1, 2023, any gain from the disposition of a housing unit (including a rental property) located in Canada, or a right to acquire a housing unit located in Canada, that you owned or held for less than 365 consecutive days before its disposition is deemed to be business income and not a capital gain, unless the property was already considered inventory of the taxpayer or the disposition occurred due to, or in anticipation of, certain life events. ...

Tax payable when the vehicle is registered within seven days of the delivery date Tax payable when the vehicle is registered within seven days of the delivery date Where the vehicle is delivered or made available Where the vehicle is registered Footnote 1 Tax payable on delivery Participating province or non-participating province Non-participating province GST and the provincial motor vehicle tax Participating province Participating province HST at the rate of the province where the vehicle is registered Non-participating province Participating province GST Tax payable when the vehicle is registered more than seven days after the delivery date Tax payable when the vehicle is registered more than seven days after the delivery date Place of supply Footnote 2 Where the vehicle is registered Footnote 1 Tax payable on delivery Tax payable on registration Eligible rebate (Form GST495) Participating province Non-participating province HST None Provincial part of the HST Participating province Participating province with a lower HST rate HST at the rate of the province where the supply was made None The difference between the two HST rates Participating province Participating province with a higher HST rate HST at the rate of the province where the supply was made The difference between the two HST rates None Non-participating province Non-participating province GST Provincial motor vehicle tax None Non-participating province Participating province GST Provincial part of the HST None Footnotes Footnote 1 Vehicle registration Generally, the supply of the registration for the specified motor vehicle would be considered to be made in a particular province if both of the following apply: The recipient or someone on their behalf registers the vehicle (other than temporarily) under the laws of the particular province within seven days after the day the vehicle is delivered or made available to the recipient or someone acting on their behalf The supplier has satisfactory proof of that registration Documents the supplier must keep A supplier must keep the following documents in its records: a copy of the vehicle's permanent registration that shows the date, the province the vehicle was registered in, and the recipient's name a copy of the vehicle purchase agreement, or another sales document such as a bill of sale, that shows the date the vehicle was delivered Return to footnote 1 referrer Footnote 2 Place of supply Generally, the supply of a specified motor vehicle by way of sale is made in a province if the supplier: delivers the vehicle in that province to the vehicle's recipient makes the vehicle available in that province to the vehicle's recipient In addition, a vehicle is considered to be delivered in a province if the supplier: ships the vehicle to a destination in the province specified in the contract for carriage of the vehicle transfers possession of the vehicle to a common carrier or consignee they hired on behalf of the recipient to ship the vehicle to the province Return to footnote 2 referrer Specified motor vehicle Participating province Commercial activity Relation Qualifying motor vehicle Modification service Recipient Page details Date modified: 2024-08-29 ...

Taxpayers must have gross revenues of less than $50 million or a proposed covered transaction of less than $10 million to be considered for the Program. ... A functional analysis must contain the records or documents listed under paragraph 247(4)(a) of the Income Tax Act, except for subparagraph 247(4)(a)(v) “data and methods considered.” ...

Where an individual acquires ownership of an annuity contract under an RPP otherwise than in accordance with subsection 147.4(1) of the Act, the individual is considered to have received a payment in kind from the RPP and is required to include the value of the contract in income under paragraph 56(1)(a). ... As long as the rights provided for under the new contract are not materially different from those provided for under the original contract, the new contract is considered to be the same contract as the original contract. ...

., the tax return is considered statute-barred), and the amount was subsequently transferred to a RRSP: the transfer of pension benefits out of the revoked plan is considered to be a contribution to an RRSP at that time and not an eligible direct transfer under the Income Tax Act (ITA); a T1-OVP tax return must be filed and a 1 percent tax is payable for each month that an RRSP excess contribution exists; interest is payable on the amount of taxes owed; penalties are payable as a result of the late filing of this T1-OVP tax return; and any amounts withdrawn from the RRSP become taxable to the individual in the year of withdrawal. 3. ...