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Associated persons A particular corporation is considered to be associated with another corporation if they are considered to be associated under subsections 256(1) to (6) of the Income Tax Act. ... Partnerships and trusts Under the Excise Act, a person is considered to be associated with: (a) a partnership, if the person and all other persons associated with the person are entitled to more than half of the partnership’s total profits, or would be entitled to more than half of the total profits if the partnership had profits; or (b) a trust, if the total of the values of the interests held by the person and all other persons who are associated with the person is more than half of the total value of the interests in the trust. Association with a third person A person is also considered to be associated with another person if each of them is associated with the same third person. ...

Also, fundraising activities should not be described here because they are not considered charitable activities. ... Under the new rule, when a registered charity makes a gift to a qualified donee and it can reasonably be considered that the purpose of the gift was to support the political activities of the recipient, the gift is considered an expenditure on political activities. ... Persons related to these individuals or groups are also considered related to those corporations. ...

An individual who builds, substantially renovates or buys a home for their personal use and not as a business or adventure in the nature of trade is not considered to be a builder for GST/HST purposes. ... Since you built the house for your personal use and not in the course of a business or as an adventure or concern in the nature of trade, you are not considered to be a builder. ... For more information on who is considered a builder refer to the GST/HST Memorandum 19.2, Residential Real Property. ...

Employees are not considered to receive a taxable benefit for the use of the gym. ... What is a primary beneficiary You are not considered to be the primary beneficiary if the membership in or use of the club’s facilities provides only an indirect benefit to you. ... In these situations, the employee is considered the primary beneficiary and the benefit is taxable. ...

As that 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. ... If you work for clients online, you may be considered to be self-employed. ... You may still be considered a resident of Canada and will need to file a Canadian tax return due to your residential ties. ...

Counts are rounded to the nearest ten. 2018 tax year is considered incomplete. ... Amounts are rounded to the nearest thousand. 2018 tax year is considered incomplete. ...

If you have incorporated your business to provide services, you might be considered to be operating as a PSB. Generally speaking, a PSB exists where the individual performing the work would be considered an employee of the hiring company if it were not for the existence of the corporation. ... Generally speaking, the Income Tax Act (ITA) considers a PSB to exist where the individual would be considered to be an employee of the hiring clients if it were not for the existence of the corporation. ...

Construction is considered to begin when the excavation for the apartment building begins. The clearing, remediation and reclamation activities, and the building of roads are generally not considered to be the beginning of construction. ... The construction of the complex is considered to begin when the excavation begins. ...

Registering a tax shelter Tax shelter identification number Investments in properties and gifting arrangements Penalties Investments in properties and gifting arrangements An investment in property, or a gifting arrangement can be considered a tax shelter if certain conditions are met. ... Prescribed property in relation to a tax shelter is defined in the Income Tax Regulations section 3101 and includes property that is: a registered pension plan a registered retirement savings plan a deferred profit-sharing plan a registered retirement income fund a registered education savings plan shares of: prescribed venture capital corporations prescribed labour-sponsored venture capital corporations taxable Canadian corporations held in a prescribed stock savings plan An investment in property is considered to be a tax shelter where it is reasonable to consider, based on statements or representations made or proposed to be made, that the buyer or donor will have losses, deductions, or credits within the first four years of buying an investment in the property. ... Prescribed benefits Prescribed benefits in respect of an interest in a tax shelter are defined in the Income Tax Regulations subsections 3100(1), 3100(2) and 3100(3), and include: tax credits revenue guarantees contingent liabilities limited-recourse amounts rights of exchange or conversion Representations made in connection with the property The definition of what constitutes a tax shelter depends entirely on the reasonable inferences that the CRA can draw from representations made in connection with the property Representations include: written representations such as those contained in sales brochures or advertisements verbal representations such as those made in public or private information, or sales meetings Gifting arrangements Generally, a gifting arrangement is any arrangement under which it may reasonably be considered, based on statements or representations made or proposed to be made in connection with the arrangement, which a person entering into the arrangement would: make a gift to a qualified donee, or make a political contribution, of property acquired by the person under the arrangement incur a limited-recourse debt that can reasonably be considered to relate to a gift to a qualified donee or a political contribution A political contribution refers to a monetary contribution to a registered party, a registered association, or a candidate as defined in the Canada Elections Act. ...

Self-assessment questionnaire Answer The payments made or received may be considered support payments. ...