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What the "Archived Content" notice means for interpretation bulletins IT INCOME TAX ACT Stock Splits and Consolidations IT-65 September 8, 1972 Where all the shares of a class of stock of a corporation are replaced by a greater or lesser number of shares of the same class of stock of the same corporation in the same proportion for all shareholders, in circumstances where there is no change in the total capital represented by the issue, there is no change in the interest, rights or privileges of the shareholders and there are no concurrent changes in the capital structure of the corporation or the rights and privileges of other shareholders, no disposition or acquisition is considered to have occurred. ... For example, if the taxpayer owned shares of X Corporation which he acquired before 1972 at a cost of $25 each and the value on valuation day was $40 each, then subsequently these were split 5 for 1, each new share will be considered to have a cost of $5 and a V-Day value of $8. ...

What the "Archived Content" notice means for interpretation bulletins IT INCOME TAX ACT Stock Splits and Consolidations IT-65 September 8, 1972 Where all the shares of a class of stock of a corporation are replaced by a greater or lesser number of shares of the same class of stock of the same corporation in the same proportion for all shareholders, in circumstances where there is no change in the total capital represented by the issue, there is no change in the interest, rights or privileges of the shareholders and there are no concurrent changes in the capital structure of the corporation or the rights and privileges of other shareholders, no disposition or acquisition is considered to have occurred. ... For example, if the taxpayer owned shares of X Corporation which he acquired before 1972 at a cost of $25 each and the value on valuation day was $40 each, then subsequently these were split 5 for 1, each new share will be considered to have a cost of $5 and a V-Day value of $8. ...

Generally, where borrowed funds are used in the ordinary course of a taxpayer's business operations, any foreign exchange gain realized on the repayment of the loan is considered to be an income gain and any foreign exchange loss incurred on repayment of the loan is considered to be an income loss. ... Foreign exchange losses sustained on the repayment of a debt which was given to acquire a personal-use property are also considered to be capital losses under subsection 39(2). 6. ... Term deposits, guaranteed investment certificates and other similar deposits which are in fact not negotiable, are considered funds on deposit. ...

Lucas case of 1987 that amounts only need to be capable of recurring in order to be considered "annual" for purposes of subparagraph 8(1)(i)(iv) and that the additional amount paid by Mr. ... Dues levied specifically for purposes such as the creation and maintenance of a building fund or for a fund for the payment of funeral expenses are not considered directly related to the ordinary operating expenses of a parity or advisory committee or similar body or a trade union to which they were paid. 6. ... Levies made during a year on some or all members of a trade union to provide funds for the prosecution of a legal strike of the union will be considered to be annual dues provided that such levies are capable of recurring and have not been designated by the union as special assessments. ...

Similar expenses paid directly by the club are also not considered to be income of the player. However, amounts paid by the club in respect of the player (or reimbursed to the player) for personal travelling, such as for personal vacations or for family members, are considered to be income from the player's employment. ... Such income will be considered to be income from a personal services business carried on by the corporation if it meets the definition of "personal services business". ...

Lucas case of 1987 that amounts only need to be capable of recurring in order to be considered "annual" for purposes of subparagraph 8(1)(i)(iv) and that the additional amount paid by Mr. ... Dues levied specifically for purposes such as the creation and maintenance of a building fund or for a fund for the payment of funeral expenses are not considered directly related to the ordinary operating expenses of a parity or advisory committee or similar body or a trade union to which they were paid. 6. ... Levies made during a year on some or all members of a trade union to provide funds for the prosecution of a legal strike of the union will be considered to be annual dues provided that such levies are capable of recurring and have not been designated by the union as special assessments. ...

Generally, where borrowed funds are used in the ordinary course of a taxpayer's business operations, any foreign exchange gain realized on the repayment of the loan is considered to be an income gain and any foreign exchange loss incurred on repayment of the loan is considered to be an income loss. ... Foreign exchange losses sustained on the repayment of a debt which was given to acquire a personal-use property are also considered to be capital losses under subsection 39(2). 6. ... Term deposits, guaranteed investment certificates and other similar deposits which are in fact not negotiable, are considered funds on deposit. ...

Lucas case of 1987 that amounts only need to be capable of recurring in order to be considered "annual" for purposes of subparagraph 8(1)(i)(iv) and that the additional amount paid by Mr. ... Dues levied specifically for purposes such as the creation and maintenance of a building fund or for a fund for the payment of funeral expenses are not considered directly related to the ordinary operating expenses of a parity or advisory committee or similar body or a trade union to which they were paid. 6. ... Levies made during a year on some or all members of a trade union to provide funds for the prosecution of a legal strike of the union will be considered to be annual dues provided that such levies are capable of recurring and have not been designated by the union as special assessments. ...

Similar expenses paid directly by the club are also not considered to be income of the player. However, amounts paid by the club in respect of the player (or reimbursed to the player) for personal travelling, such as for personal vacations or for family members, are considered to be income from the player's employment. ... Such income will be considered to be income from a personal services business carried on by the corporation if it meets the definition of "personal services business". ...

A gain arising on the sale of real estate will be considered to be business income, property income or a capital gain. ... This definition can cause an isolated transaction involving real estate to be considered a business transaction. ... However, in making such determinations, the courts have considered factors such as those listed below: (The list is not intended to be exclusive of any other factor.) ...