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Property used mainly in Atlantic Canada and Atlantic Region for oil and gas, and mining activities is considered qualified property only if acquired by the taxpayer before March 29, 2012. ...

Generally, the deadline for corporations to file their income tax return is six months after their tax year-end. [2020-06-19] The Canada Emergency Wage Subsidy and the 10% Temporary Wage Subsidy for Employers are considered government assistance. ...

Changes to these fields are considered significant enough to require a new application and a new EFILE number and password. ...

Note: Individuals and businesses who apply with the intention of using EFILE to file a minimal number of returns (or no returns) are not considered to be providing tax preparation services and will be denied access to EFILE. ...

Step 4 Attach a note to your income tax and benefit return that states the: name of the small business corporation number and class of shares, or the type of debt you disposed of insolvency, bankruptcy, or wind-up date date you bought the shares, or the date you acquired the debt amount of the proceeds of disposition adjusted cost base of the shares or debt outlays and expenses on the disposition amount of the loss Calculation of the business investment loss reduction The reduction calculated below is considered to be a capital loss for the year. ...

Some of the factors to be considered would include: (a) where different profit margins exist for different products, adjustments should be made to minimize the distorting effect of these differences; (b) any revenue that reflects inputs used in a prior period should be backed out of the formula, e.g. recovery of a bad debt from a prior period; (c) any amount received or receivable for the supply of capital goods should be excluded from the formula; (d) the value of the sale of the business as a going concern should be excluded from the formula. ...

If so, the retailer is not considered to have separate retail establishments, and must include a total of all stamped duty paid cigarettes at all locations in determining the 30,000 cigarette threshold. ...

Renting out a room in your home is considered income. You have to report it on your tax return. ...

You may also be able to claim the CCC for one or more of the following individuals if they depend on you for support because of a physical or mental impairment: your or your spouse's or common-law partner's child or grandchild your or your spouse's or common-law partner's parent, grandparent, brother, sister, uncle, aunt, niece, or nephew (if resident in Canada at any time in the year) An individual is considered to depend on you for support if they rely on you to regularly and consistently provide them with some or all of the basic necessities of life, such as food, shelter and clothing. ...

If you are the builder of a residential rental property, or if you make an addition to a multiple-unit residential rental property, you are generally considered to have made a self-supply and to have paid and collected tax on the fair market value of the rental property or addition at the time that you lease or occupy the first unit of the property as a place of residence. ...