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As Betty meets all the conditions to be considered a successor holder, she becomes the holder of the TFSA as of September 18, 2016. ...

In any such case, the annuitant spouse or common-law partner includes the payment in income for the year he or she receives it or is considered to have received it. ...

Unless an election is filed with the issuer, the RDSP must be terminated and all amounts paid out of the plan by December 31 st of the year following the first calendar year throughout which the beneficiary is no longer considered to have a severe or prolonged impairment in physical or mental functions that made him or her eligible for the DTC. ...

The retirement savings rollover to an RDSP: will be considered a private contribution for the purpose of determining whether the RDSP is a PGAP, but will not be eligible for grants; will be included in the taxable portions of RDSP withdrawals made to the beneficiary; and may not exceed, and will reduce the RDSP contribution lifetime limit. ...

The education savings rollover to an RDSP: will be considered a private contribution for the purpose of determining whether the RDSP is a primarily government assisted plan (PGAP), but will not attract Canada Disability Savings Grants (CDSGs); will be included in the taxable portion of RDSP withdrawals made to the beneficiary; and may not exceed, and will reduce the RDSP lifetime limit of $200,000. ...

Generally, if the surviving spouse or common-law partner was not participating in the HBP but elects to continue making the repayments of the deceased individual, the surviving spouse or common-law partner would be considered a participant and cannot make any withdrawals under the HBP until the HBP balance is completely repaid and all the other applicable HBP conditions are met. ...

Since the amenities provided to the volunteer are reasonable and the purpose of the travel relates to the charity's work, the amount donated to the charity to cover the travel expenses can be considered as a gift to the charity and therefore, receiptable. ...

There is no intention for the program to collect any information in addition to what was already being collected; no new uses or disclosures of the information are currently being considered. ...

Where, under the contract, another person, such as an engineer or architect, certifies the work and materials and approves an amount for payment, the request or application for payment by the contractor is not considered to be an invoice. ...

Reassessments will be issued and penalties will be considered. When an investor is found to have knowingly participated in an unregistered tax shelter to get tax benefits that he or she was not entitled to receive, penalties can amount to 50% of the taxes payable after reassessment. ...