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This paragraph indicates that if, after the beginning of a plan year, a flexible employee benefit program permits a selection of benefits, the employee will be considered to have constructively received employment income equal to the value of the allocated credits (unless the entire Program could be regarded as being an “employee benefit plan” as defined in subsection 248(1) of the Act). ...

Those issues were subsequently considered by the House of Commons Standing Committee on Finance in its report released on September 18, 1996. ...

Position: We have provided some general comments and suggested that the submission of an advance income tax ruling be considered. ...

It is our view that the above meaning provided to the term periodical in the Agreement would generally be appropriate for the application of the Act, and, as such, it remains our position that a foreign owned publication that is published annually will not be considered a periodical for purposes of section 19 of the Act. ...

Reasons: The amount will not be considered a payment that will be subjected to Part XIII because it does not represent one of the types of payments described in Part XIII (in particular paragraph 214(3) (a)) of the Act. ...

(Copies of Interpretation Bulletins are available from your local tax services office or on the Internet at the following site- http://www.rc.gc.ca/menu/EmenuKZV.html).It should be noted that for purposes of the Act, life insurance corporations are considered to be public corporations. ...

When the creditor receives a payment on account of the outstanding principal amount of a debt obligation, the creditor is considered to have disposed of a portion of that obligation with the amount of the payment constituting the proceeds of disposition of that portion. ...

Employee contributions plus interest above this 50% are considered "excess" contributions, which are refundable to the employee. ...

Thomson Attention: XXXXXXXXXX November 4, 1999 Dear XXXXXXXXXX: Re: Foreign Stock Exchange Index Units This is in reply to your letter of August 27, 1999 in which you ask if "index-linked deposit products" are considered to be qualified investments for trusts governed by registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs). ...

Further, in order for a donation to be considered a gift, it must be made without conditions, from detached and disinterested generosity, out of affection, respect, charity or like impulses. ...