Search - considered

References Legislation ITA: 6 Amounts to be included as income from office or employment ITA: 6(1)(a) Value of benefits ITA: 6(1)(b) Personal or living expenses (allowances) ITA: 6(1)(a)(iv) Exemptions for certain types of counselling benefits ITA: 118.2(2)(a) Eligible medical expenses CPP: 12(1) Amount of contributory salary and wages ETA: 173 Taxable benefit is considered a supply for GST/HST purposes IECPR: 2(1) Amount of insurable earnings IECPR: 2(3) Earnings from insurable employment IECPR: 2(3)(a.1) Earnings from insurable employment – amount excluded as income under 6(1)(a) or (b), 6(6) or (16) of the ITA Cash Includes: Physical currency Cheques Direct deposit Near-cash A near-cash benefit is one that functions as cash or something that can easily be converted to cash, such as a security, stock, or gold nugget. ...

Your personal records and the personal or business records of other individuals or entities are legally considered to be part of the items that relate, or may relate, to a tax return being audited, and can be reviewed by a CRA auditor. ...

If you provided a taxable benefit to an employee If you are considered to have collected the GST/HST on a taxable benefit, you have to calculate the amount of the GST/HST due. The amount of the GST/HST you are considered to have collected on a taxable benefit is based on a percentage of the value of the benefit for GST/HST purposes. ...

In such cases the property the credit union seizes or repossesses will be considered inventory for purposes of the GST/HST and not capital property. ... This position that seized or repossessed property is considered inventory is consistent with that taken by the Department with respect to the status of such property for income tax purposes. ...

Host receives from an ISC an item (other than an exclusive product) An item (other than an exclusive product) is considered as a sales aid when an approved direct seller supplies it to an ISC who will give it to a host as a host gift. ... The $5,000 revenues from the sale of exclusive products are not considered when determining whether he has to register. ...

If the employee reports for work at your place of business, the province or territory of employment is considered to be the province or territory where your business is located. ... The rate for the additional federal tax for income which is considered to have been earned in Canada but which is not earned in a province or territory is 48% for 2017. ...

Category 3 – A body that meets all the following criteria: The ordinary meaning of the term “established” when considered in the context of the words “other body established by a government” in the Act includes more than a body that is created by a government. ... Where the government has been involved in the setting up of the body for a specific purpose such that its actions indicate a clear intention to set up a “new body” that did not exist in that capacity before, that body might be considered “established” by a government. ...

The availability or the practicality of public transit has no influence on whether an employer-provided parking is considered a taxable benefit. ... Since the employee receives cash in hand, it is considered a cash benefit and therefore subject to EI premiums. ...

There is detailed description of automobile and motor vehicle benefits which are very prescribed in the legislation, but in addition to the legislated exclusions, the CRA has over time, through consideration and court precedent, established a number of administrative positions that allows certain benefits to be considered tax-free in certain circumstances. ... Where taxable benefits are concerned, employers should detail their thought process, what they considered, why they made the decision something was taxable or why they made the decision something was not taxable. ...

Branch senior managers hold discussions with selected senior managers from functional and regional areas to ensure all critical risks are considered. ... Program coverage will be considered as a factor in developing future evaluation plans. ...