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However, the builder may be considered to have collected an amount referred to as the transitional tax adjustment and if so, would be required to include that amount in its net tax calculation. ... The transitional tax adjustment would be considered collected by the builder and would not be payable by the purchaser. ... The transitional tax adjustment is an amount that you would be considered to have collected. ...

Arm's length For GST/HST purposes, related persons are deemed not to deal with each other at arm's length and it is a question of fact whether persons who are not related to each other are, at any given time, dealing with each other at arm's length; persons are considered to be related to each other if they are related to each other for income tax purposes under subsections 251(2) to (6) of the Income Tax Act (further information on these subsections can be found in Interpretation Bulletin IT-419, Meaning of Arm's Length); and a member of a partnership is deemed to be related to the partnership. In addition, for purposes of the assignment of grandparented purchase and sale agreements for housing in P.E.I., aunts and uncles would be considered to be related to their nieces and nephews in applying the arm's length test in this info sheet. ... If novation has occurred, the existing agreement is considered to be terminated and a new agreement is considered to exist. ...

Arm's length For GST/HST purposes, related persons are deemed not to deal with each other at arm's length and it is a question of fact whether persons who are not related to each other are, at any given time, dealing with each other at arm's length; persons are considered to be related to each other if they are related to each other for income tax purposes under subsections 251(2) to (6) of the Income Tax Act (further information on these subsections can be found in Income Tax Folio S1-F5-C1: Related persons and dealing at arm's length); and a member of a partnership is deemed to be related to the partnership. In addition, for purposes of the assignment of grandparented purchase and sale agreements for housing in Ontario and B.C., aunts and uncles are considered to be related to their nieces and nephews in applying the arm's length test in this info sheet. ... If novation has occurred, the existing agreement is considered to be terminated and a new agreement is considered to exist. ...

This document describes potential issues considered by the Canada Revenue Agency (the CRA) and outlines the CRA’s approach to address each one. ... Generally, if the home office is located off reserve, the employment duties are considered to be performed off reserve. ... One of the key factors typically considered in applying this concept is the location in which the meetings of the board of directors take place. ...

However, not every plan in which more than one employer participates is considered a MEP. ... Under paragraph 8510(5)(a) of the Regulations, no member of a MEP is considered to be connected with a participating employer for the purposes of the rules in sections 8503 and 8504. ... Exceptions will be considered on a case-by-case basis, but should generally apply to only a small proportion of the members and not consistently to the same members. ...

If an EAP does not satisfy all these requirements, the payment will not be considered an EAP but rather an accumulated income payment (AIP), and it would be taxed accordingly. ... These issues are being considered, and the policies and processes to develop such a program may be reviewed as part of the re-engineering program or as a program implemented by the CRA. ... The CRA will reject submissions that contain file format errors, and all of the returns within the submission will be considered not filed. ...

Since Pierre earned pension credits for the first six months of 2019, a waiver would only be considered starting in 2020. ... The conditions set out in paragraphs 8516(2)(a) through (d) of the Regulations have to be satisfied before the contributions can be considered eligible contributions. ... Also the conditions set out in paragraphs 8516(3)(a) through (d) of the Regulations have to be satisfied before the contributions can be considered eligible contributions. ...

This document describes potential issues considered by the Canada Revenue Agency (the CRA) and outlines the CRA’s approach to address each one. ... Generally, if the home office is located off reserve, the employment duties are considered to be performed off reserve. ... One of the key factors typically considered in applying this concept is the location in which the meetings of the board of directors take place. ...

There are four defined income ranges: less than $25,000 between $25,000 and $49,999 between $50,000 and $99,999 $100,000 and above Complexity of T1 return A T1 return is considered complex if at least one of the following conditions applies: there is gross self-employment income (lines 162, 164, 166, 168, or 170 from the T1 return) there is net partnership income: limited or non-active partners only (line 122 from the T1 return) there are taxable amounts of dividends (line 120 from the T1 return) there are employment expenses (line 229 from the T1 return) there are capital gains or losses (Schedule 3) there are taxable amounts of interest income of $1,000 or more (line 121 from the T1 return) there is gross rental income (line 160 from the T1 return) the taxfiler has filed for bankruptcy in the tax year the taxfiler is deceased All other T1 returns are considered simple. ... Note Prior to the methodology changes, a T1 return was considered complex if at least one of the following conditions applied: there was gross self-employment income (lines 162, 164, 166, 168, or 170 from the T1 return) there was net partnership income (line 122 from the T1 return) there were taxable amounts of dividends (line 120 from the T1 return) there were capital gains (line 127 from the T1 return) there were taxable amounts of interest income over $1,000 (line 121 from the T1 return) there was rental income (line 160 from the T1 return) the taxfiler had declared bankruptcy the taxfiler was deceased All other T1 returns were considered simple. ... All other taxfilers were considered to be without children. Age range The age of the taxfiler is determined using the reported year of birth on page 1 of the T1 General Income Tax and Benefit Return. ...

To make a long story short, pensionable earnings is income acquired that is considered to be pensionable by the CRA. ... Any contributions based on the standard 4.95% contribution rate are considered base contributions and result in a non-refundable tax credit. 14. ... It is an additional earnings ceiling where any amount over the second earnings ceiling are no longer considered for CPP contributions. ...