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If you have incorporated your business to provide services to one other company, you might be considered to be operating a personal services business (PSB). Generally, a PSB exists when the individual performing the work would be considered to be an employee of the hiring company if it were not for the existence of the corporation. ...

Employee-pay-all plans If the plan is an employee-pay-all plan, any premium you pay on behalf of the employee, and any reimbursements made to your employee, are considered taxable benefits. ... This treatment allows the continued deduction of contributions made by the employee to be considered in determining the amount to be included in the employee's income from employment under paragraph 6(1)(f) of the ITA. ...

10% Temporary Wage Subsidy for Employers Go to navigation menu Skip to main content Sections Who is an eligible employer: 10% Temporary Wage Subsidy for Employers Calculate your TWS amount: 10% Temporary Wage Subsidy for Employers How to take advantage of the TWS: 10% Temporary Wage Subsidy for Employers How the TWS and the CEWS work together: 10% Temporary Wage Subsidy for Employers Reporting the TWS to CRA: 10% Temporary Wage Subsidy for Employers Contact us about the TWS: 10% Temporary Wage Subsidy for Employers Who is an eligible employer To be an eligible employer for the 10% Temporary Wage Subsidy for Employers (TWS), you must meet the following conditions: You have a Canada Revenue Agency (CRA) payroll program (RP) account as of March 18, 2020 You paid eligible remuneration to an eligible employee from March 18 to June 19, 2020 What is considered eligible remuneration? ... Who is considered an eligible employee? An individual who is employed in Canada. ...

Limited partnership holdings The 2015 Federal Budget proposed that a registered charity may invest in limited partnerships without being considered to be carrying on a business solely because of that holding, as long as it meets all of the following conditions: The charity must be a limited partner of the partnership The charity – together with all non-arm’s length entities – holds 20% or less of the fair market value of all interests in the partnership The charity deals at arm’s length with each general partner of the partnership A registered charity with partnership holdings other than what is described above would be considered to be carrying on the business of the partnership. ...

Contributory plans may be considered retroactively non- contributory before 1990. A joint and survivor pension not exceeding 66 2/3% with a guarantee period not exceeding five years may be considered the normal form. ...

Minor changes to a previously filed selling instrument or agreement will not be considered by the CRA to be a new selling instrument. However, when the amendment is major, the amended selling instrument or agreement is considered to be a new selling instrument or agreement, as the case may be. ...

If you earned income through similar circumstances, such as posts of pictures, videos and more on social media platforms that involve product placement or product promotion, you are considered to be undertaking a business activity. ... Business expenses Since the income you make from social media is considered business income, you can deduct business expenses to reduce your tax owing. ...

Eligible cards can be considered part of the $500 limit for non-cash gifts and awards during the year. ... Virtual social events provided by an employer for its employees will not be considered a taxable benefit when the cost per employee is within the limit applicable to that type of virtual social event. ...

In some cases, one transaction can be considered a business activity. If you are still setting up or preparing to go into business, such as in cryptocurrency mining, you might not be considered to have started a business. ...

Valuing cryptocurrencies either as capital property or inventory How you value your cryptocurrencies depends on whether they are considered capital property or inventory. ... If the cryptocurrencies are considered to be inventory, you can generally value it based on: the cost of each item in the inventory when it was acquired; or its fair market value at the end of the year. ...