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Nonetheless, where, as a result of a particular arrangement made on the winding-up, a debt can reasonably be considered to have been settled for an amount that is not less than the principal amount thereof outstanding and, with respect to debts or obligations settled or extinguished after May 9, 1985, for an amount that is not less than the deemed principal amount thereof outstanding, payment in full is considered to have been made and the provisions of subsection 80(1) of the Act do not apply. ... Where a non-cash settlement of a debt on a winding-up, such as those mentioned above, cannot be considered to constitute full payment of the principal amount of the debt, the provisions of subsection 80(1) apply. ...

Education savings rollover to RDSP The definition of contribution under subsection 146.4(1) of the Act states that an accumulated income payment (AIP), transferred into an RDSP from an RESP, is not considered a contribution to the plan except for the purposes set out under paragraphs 146.4(4)(f) to (h) and (n) of the Act. An AIP is considered an education savings rollover amount when paid into an RDSP. ... It must also specify that these amounts are only considered contributions if paragraphs 146.4(4)(f) to (h) and (n) of the Act are respected. ...

Therefore, lifting seats are not considered to be chairs. Specially designed for use by an individual with a disability A lift chair is specially designed if it has design features that assist an individual with a disability to get in and out of the chair independently without which an individual would not be able to do so. ... Head pillows, arm/head rests and features such as heat massage are not considered to be specially designed parts, accessories or attachments when supplied separately and therefore are not zero-rated. Where an individual upgrades the fabric of the chair or acquires additional features at the time of the original purchase, these items are considered part of the original supply of the lift chair regardless of whether the upgrades are listed separately on the invoice. ...

General Rules – the owner must charge and account for the GST/HST According to the general principles of agency relationships, the sale of goods through a consignee as agent is considered to be a sale by the owner. ... In this case, the sale of the goods (other than zero-rated or exempt goods) is considered to be a sale of taxable goods by the consignee. ... Also, the consignee is considered (except in limited circumstances) not to have provided the owner with services related to the sale of the goods. ...

., the "owner") is considered to have sold the goods to the purchaser. ... Services provided by auctioneers An auctioneer who has made a sale of goods by auction is considered (except in limited circumstances) not to have provided the owner with services related to the sale of the goods. ... Generally, a service is considered to be related to the sale of goods if both of the following requirements are met: The service provided to an owner relates directly to the sale of the goods by auction and not simply to the goods themselves. ...

Your business cannot pay its tax debt in full now If you are an employer, the amounts that you deduct and withhold from the wages of your employees are considered deemed trust amounts. Similarly, if you operate a business as a sole proprietor, partnership, or corporation, the GST/HST amounts that you collect from your customers are also considered deemed trust amounts. ... Even if you keep these amounts with your personal or business funds, the amounts are considered to be held separate and apart. ...

Policies to be reported A contract is considered to be entered into or renewed on the effective date of the contract unless the contract provides that the premiums are payable on a date other than the effective date. In this case, for purposes of filing your return, the contract is considered to be entered into or renewed on the premium payable date. ... Where contracts of insurance are validly placed with unlicensed insurers under the above conditions, the insurer can be considered authorized to transact the business of insurance in the context of Part I of the Excise Tax Act. ...

., the "owner") is considered to have sold the goods to the purchaser. ... Services provided by auctioneers An auctioneer who has made a sale of goods by auction is considered (except in limited circumstances) not to have provided the owner with services related to the sale of the goods. ... Generally, a service is considered to be related to the sale of goods if both of the following requirements are met: The service provided to an owner relates directly to the sale of the goods by auction and not simply to the goods themselves. ...

General Rules – the owner must charge and account for the GST/HST According to the general principles of agency relationships, the sale of goods through a consignee as agent is considered to be a sale by the owner. ... In this case, the sale of the goods (other than zero-rated or exempt goods) is considered to be a sale of taxable goods by the consignee. ... Also, the consignee is considered (except in limited circumstances) not to have provided the owner with services related to the sale of the goods. ...

As a general rule, a taxpayer who takes commodity futures positions in, or who has transactions in, a commodity connected with a business, is considered to be trading as part of the business operations and the comments in 3 above apply. ... As an example, a jeweller who buys 100 ounces of gold for a business (a normal amount for that business) and also makes additional purchases of 1600 ounces of gold, or of futures contracts representing 1600 ounces of gold, as a speculation for his or her own account, may be viewed as a speculator with respect to the additional purchases when all the facts of the situation are considered. ... However, the comments in 4 above must be applied in respect of each member of the partnership and if one member can be considered an insider then the income treatment is required for the partnership. 18. ...