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The following rules also apply when property is repossessed under a conditional sales agreement: If, as a mortgagee (person who lends money under a mortgage), you repossess a property because the mortgagor failed to pay you the money owed under the mortgage, you are considered to have purchased the property. ... If you are the mortgagor and your property is repossessed because you did not pay the money owed under the mortgage, you are considered to have sold the property. ...

To calculate this gain or loss, follow these rules: If the adjusted cost base (ACB) of the property is less than $1,000, its ACB is considered to be $1,000. If the proceeds of disposition are less than $1,000, the proceeds of disposition are considered to be $1,000. ...

Support payments The following information will help you determine if the support payments that you paid or received are considered support payments and if they should be included or deducted from your income on your tax return. ... Services and information Support payments Find out if the amounts you paid or received are considered support payments Amount you can claim or report Find out if the support payments paid or received are taxable to the recipient and deductible by the payer Registering your court order or written agreement Find out if you need to register your court order or written agreement Deductions from your pay Find out how to reduce or increase the amount of income tax withheld from your salary Payments made after death Find out the rules that apply for payments made after the death of the recipient or the payer Payments to or from a non-resident Find out the rules for support payments you received from or paid to a resident of another country Lines 12799 and 12800 – Support payments received Find out how to report, on your tax return, the support payments that you received, including retroactive lump-sum payments, support repayments, and legal fees Lines 21999 and 22000 – Support payments made Find out how to report, on your tax return, the support payments that you paid, including retroactive lump-sum payments, support reimbursements, and legal fees Child custody and the amount for an eligible dependant Find out if you can claim the amount for an eligible dependant when you have sole or shared custody of your dependant Forms and publications Get a T1 Income tax package Form T1157, Election For Child Support Payments Form T1158, Registration of Family Support Payments Income Tax Folio S1-F3-C3, Support Payments Related links Line 23200 – Other deductions Line 25600 – Additional deductions Common adjustments Page details Date modified: 2025-01-21 ...

Generally, a tax shelter is: a gifting arrangement described under paragraph (b) of gift arrangements a gifting arrangement described under paragraph (a) of gift arrangements or an investment in property (other than prescribed property or flow-through shares) where it is reasonable to consider, based on statements or representations made or proposed to be made in connection with the gifting arrangement or the property, that within the first four years of buying an investment in the property or entering into the gifting arrangement, the buyer or donor will have losses, deductions, or credits equal to or greater than the net cost of the original investment or of the property acquired under the gifting arrangement Gift arrangements gifting arrangement means any arrangement under which it may reasonably be considered, having regard to statements or representations made or proposed to be made in connection with the arrangement, that if a person were to enter into the arrangement, the person would (a) make a gift to a qualified donee, or a contribution referred to in subsection 127(4.1), of property acquired by the person under the arrangement; or (b) incur a limited-recourse debt, determined under subsection 143.2(6.1), that can reasonably be considered to relate to a gift to a qualified donee or a monetary contribution referred to in subsection 127(4.1) Net cost "Net cost" is net of any prescribed benefits expected to be received or enjoyed, directly or indirectly, by the person or another person with whom the person does not deal at arm’s length. ...

However, in some cases where the partners change, the business would be considered a new legal entity and would require a new BN with a new GST/HST account. ... Include the tax you are considered to have collected in your net tax calculation on your final return. ... File your final GST/HST return and remit any amount owing You are considered to have 2 separate reporting periods when you close your account. ...

Shellfish seed is not considered an egg. It is more correctly classified as "spat" which is the spawn of a shellfish. ... In this case, the propane stove is considered to form part of the commercial fishing vessel, and therefore is zero-rated. ... The webbing does not have to be manufactured into nets to be considered webbing for purposes of this provision. ...

In the case of infrastructure development related to the sale of serviced lots by municipalities, the GST/HST incurred could be considered related to the supply of exempt municipal services, for example under sections 21 and 22 of Part VI of Schedule V, and as such ITCs would not be available. ... (Note that the estimated sale price of the serviced lots based on fair market value must have originally been expected to exceed the costs of $500,000 at the start of the development in order for the municipality to be considered as undertaking the development as a commercial developer.) ... Similarly, no ITCs are available for infrastructures that are considered to be "oversize", that is, in excess of the development requirements for the immediate area, where the municipality normally would pay or reimburse the developer for such oversize. ...

However, in some cases where the partners change, the business would be considered a new legal entity and would require a new BN with a new GST/HST account. ... Include the tax you are considered to have collected in your net tax calculation on your final return. ... File your final GST/HST return and remit any amount owing You are considered to have two separate reporting periods when you close your account. ...

After the holder's death, the deposit or annuity contract is considered to be a separate contract and is no longer considered as a TFSA. ... The amount paid to Fred, as the surviving common‑law partner, is considered a survivor payment. ... Management fees Management fees related to a TFSA trust and paid by the holder are not considered to be contributions to the TFSA. ...

Since June 15, 2025 falls on a Sunday, your return is considered on time if the CRA receives it or if it is postmarked on or before June 16, 2025. When a due date falls on a Saturday, Sunday or public holiday recognized by the CRA, your payment is considered on time if the CRA receives it on or before the next business day. ... Since June 15, 2025 falls on a Sunday, your return is considered on time if the CRA receives it or if it is postmarked on or before June 16, 2025. ...