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Income is considered to be personal property, therefore, what must be determined is whether the business income is situated on a reserve. ...

Even if the tenant could somehow be considered to have incurred an expense in light of the promise to pay rent for subsequent periods, subparagraph 18(9)(a)(ii) of the Act denies a deduction in respect of an expense " to the extent that it can reasonably be regarded as having been... incurred as.. rent... in respect of a period after the end of the year. ...

Where, however, these child tax benefit amounts are segregated from other funds, for example, in a separate savings account in the name of the child from which account investments are acquired, then the income earned by those investments will be considered as income of, and taxable in the hands of the minor child and not the parent. ...

In any case, the amount paid by the employer on the employee's behalf for the maintenance of health benefits is not considered a retiring allowance for the purposes of the Act. ...

Subsection 248(9.1) provides that a trust shall be considered to be created by a taxpayer's will if it is created (a) under the terms of the taxpayer's will (i.e., the will specifically creates the trust); or (b) under a court order relating to the law of a province for relief or support of dependents. ...

Can royalty income be considered active business income? 2. Can the outlay and expense referred to in subsection 129(6), be R&D expense that comes under 37(1)? ...

Subsection 18(9) of the Act requires a taxpayer, who calculates his income on the accrual basis, to match certain specified expenditures to the taxation year to which they can reasonably be considered to relate. ...

As a result, the benefit is considered to have been received under paragraph 6(1)(a) of the Act. ...

The opinion then goes on, however, to state that where all members of a partnership (former employer) are related, within the meaning of subsection 251(2) of the Act, to all members of the partnership (current employer), then the former employer will be considered to be a "person related to the employer" for purposes of paragraph 60(j.1). ...

Prior to 1982, worker's compensation benefits were included among those income payments that were considered tax exempt and thereby not required to be reported on the income tax return in any form. ...