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Current CRA website
Contributing to a supplementary unemployment benefit plan
It can also include contributions made in the first 30 days of the following year that are considered to have been made for the preceding year. ...
Current CRA website
When to fill out the NR4 slip
You also have to fill out an NR4 slip if you are considered, under Part I or Part XIII of the ITA, to have paid or credited amounts. ...
Current CRA website
Flipping houses or condos? Know your tax obligations!
Know your tax obligations: The profits you make from flipping real estate are generally considered to be fully taxable as business income. ...
Current CRA website
If you disagree with the decision
Your request for a second review must be submitted within 90 days of the decision and include the following: The reasons why you disagree with the decision (such as, not all of the information was considered, certain facts or details were missing, or misinterpreted) Any relevant new documents, new facts, or correspondence Your current home address and phone number To maintain impartiality and transparency, the second review will not be done by the same CRA official who did the first review. ...
Current CRA website
How is income from mutual funds taxed?
This is usually a capital gain because your mutual fund investment is usually considered capital property for tax purposes. ...
Current CRA website
Private health services plan premiums
Note Employee-paid premiums to a private health services plan are considered qualifying medical expenses and can be claimed by the employee on their income tax and benefit return. ...
Current CRA website
Aggressive tax planning
However, aggressively pushing the limits creates a risk of crossing the line, the line between acceptable tax planning and what is considered aggressive or abusive tax planning. ...
Current CRA website
Definitions and list of eligible elections
For the list of designations and allocations that are considered prescribed elections, please see Deemed Prescribed Elections at paragraph 55 of Information Circular IC07-1R1. ...
Current CRA website
Set up and manage employee payroll information
Sections Get the social insurance number (SIN) from the individual: Payroll Learn about your responsibilities related to the employee SIN, including the employee's responsibilities Determine the province of employment (POE): Payroll Information on what is considered the establishment of the employer or payer, the purpose of determining the province of employment Get the completed TD1 forms from the individual: Payroll Information on the federal and provincial or territorial TD1 forms, including the TD1-X for employees paid by commissions, TD1-IN for employees who are Indians and TD3F for self-employed fishers After you set up your employee: Payroll What to do once you have set up your employee Increase or reduce income tax deducted at source: Payroll Information on how to make changes when the individual wants to increase/reduce income tax deductions or the individual's life situation changes (for example, the individual is turning 18 or the contract for employment is ending) Related information Form TD1, Personal Tax Credits Return Open or manage a payroll account Calculate payroll deductions and contributions Canada Pension Plan and Employment Insurance Rulings If you are a new employer You have to register for a payroll account before the first remittance due date. ...
Current CRA website
Who can apply
Form GST189: Rebate under reason code 9 Who can apply Calculate the rebate How to apply After you apply Who can apply Eligibility You may be eligible for a rebate under reason code 9 if you paid or were considered to have paid the GST/HST on land that you own or lease if you lease the land to a particular person who either assigns the lease to a third person or leases the land to a third person, and has to self-assess and remit the tax on a value that includes the land. ...