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S1-F2-C2- Tuition Tax Credit-- summary under Subparagraph 118.5(1)(a)(i) Summary Under Tax Topics- Income Tax Act- Section 118.5- Subsection 118.5(1)- Paragraph 118.5(1)(a)- Subparagraph 118.5(1)(a)(i) Generally, for a course to be considered to be at the post‑secondary school level: a) the course should provide credit towards a degree, diploma or certificate; and b) a prerequisite for taking the course should be completion of secondary school. ...

S1-F2-C2- Tuition Tax Credit-- summary under Paragraph 56(1)(n) Summary Under Tax Topics- Income Tax Act- Section 56- Subsection 56(1)- Paragraph 56(1)(n) Where a student receives free tuition or a reduction in tuition fees from an educational institution, the difference between the pre-determined tuition fee established by the educational institution for the course(s) and the amount paid by the student will generally be considered a scholarship or bursary for tax purposes and included in computing the student's income under subparagraph 56(1)(n)(i), unless the amount is included in the student's employment income or the employment income of the student's family member. ...

S4-F7-C1- Amalgamations of Canadian Corporations-- summary under Subsection 111(12) Summary Under Tax Topics- Income Tax Act- Section 111- Subsection 111(12) application following amalgamation 1.59 Where control of a corporation is acquired and that corporation makes a designation under paragraph 111(4)(e) to realize an accrued foreign exchange gain on a foreign currency denominated debt that arises because of the application of subsection 111(12), the new corporation formed on a subsequent qualifying amalgamation of that corporation would, under paragraph 87(7)(d) and for the purposes of subsections 40(10) and (11), be considered to be the corporation that realized the gain in respect of the foreign currency denominated debt under paragraph 111(4)(e) and subsection 111(12). ...

In other words, only de jure control is considered. ...

[W]here accrued interest is added to the outstanding principal amount of an existing loan resulting in a new obligation or novation, an interest payment will not be considered to have been made. ...

S3-F6-C1- Interest Deductibility-- summary under Payment & Receipt Summary Under Tax Topics- General Concepts- Payment & Receipt Capitalization of interest not treated as payment thereof 1.83 In circumstances where accrued interest is added to the outstanding principal amount of an existing loan resulting in a new obligation or novation, an interest payment will not be considered to have been made. ...

Pursuant to paragraph 248(8)(c), a release or surrender by a beneficiary with respect to any property that was property of a deceased individual immediately before death, is not considered to be a disposition of the property by the beneficiary. ...

A non‑repayable portion of a student loan is not considered to be a grant and does not disqualify a student from claiming the education tax credit. ...

S1-F1-C2- Disability Tax Credit-- summary under Subsection 118.3(2) Summary Under Tax Topics- Income Tax Act- Section 118.3- Subsection 118.3(2) [A] person is generally considered to be dependent on someone if the individual has actually supplied necessary maintenance, or the basic necessities of life (food, shelter and clothing) on a regular and consistent basis. ...

However, when such dividend is subject to the application of subsection 55(2), it is considered that a deduction under subsection 112(1) was not permitted in respect of that dividend and there is no denied increase in cost under subparagraph 53(1)(b)(ii). ...