Search - considered

The vehicle is also considered to be a qualifying motor vehicle for purposes of obtaining a rebate if the vehicle is purchased outside Canada or a participating province and the vehicle is subsequently imported or brought into a participating province. ...

Subject matter expert: An employer has to deduct CPP or QPP contributions, up to a yearly maximum, from an employee's pensionable earnings if that employee is not considered disabled under the CPP or the QPP and is 18 to 70 years old, even if the employee receives a CPP or QPP retirement pension. ...

Proposals contained in the Notices of Ways and Means Motions of May 9 and May 23, 1985 are not considered in this release. ...

Paragraph 88(2)(b) provides that for the purpose of an election to pay (a) a capital dividend under subsection 83(2), (b) a capital gains dividend of a non-resident-owned investment corporation under subsection 133(7.1), or (c) after June 28, 1982 and before May 24, 1985, a life insurance capital dividend under subsection 83(2.1), as it read for that period, portions of the winding-up dividend are considered to be separate dividends. ...

Subject matter expert: A main factor in determining if you are no longer considered a small supplier is whether you have exceeded the small supplier threshold The small supplier threshold is $30,000 in worldwide taxable supplies made by you and persons associated with you in a single calendar quarter or in four consecutive calendar quarters. ...

Specimens No Longer Being Marketed If you are no longer marketing a particular specimen but some registered pension plans still conform to it, the specimen is considered to be active. ...

The transactions between Profitco and Lossco, which are related corporations, would not therefore be considered an abuse of the Act read as a whole. ...

For example, where an agent or bare trustee holds shares of a corporation on behalf of a number of principals, this should not be counted as one shareholder, but rather the number of such principals would be so considered. ...

Your personal records and the personal or business records of other individuals or entities are legally considered to be part of the items that relate, or may relate, to the tax return being audited, and can be reviewed by a CRA auditor. ...

. ¶1.36 has been added to list factors summarized by the Federal Court of Appeal in Rich v the Queen 2003 FCA 38, 2003 DTC 5115 that are normally to be considered in establishing whether a debt has become a bad debt. ¶1.37 and 1.38 have been added to reflect the Federal Court of Appeal’s comments in Rich about the consideration to be given to other factors, namely, future prospects of the debtor and, any non-arm’s-length relationship between the creditor and the debtor. ¶1.44 has been added to describe subparagraph 40(2)(g)(ii). ¶1.45 has been added to clarify that for purposes of the exception in 40(2)(g)(ii), the income-earning-purpose requirement refers to that of the creditor who lends the funds to, or guarantees the debts of the corporation. ¶1.46 has been added to reflect the Federal Court of Appeal decision in Byram v The Queen, 1999 DTC 5117 (FCA); [1999] 2 CTC 149. ¶1.47 has been added to reflect that in terms of meeting the exception for income-earning purpose in subparagraph 40(2)(g)(ii), there must be sufficient connection between the creditor making the loan to, or guaranteeing the debts of the corporation, and the potential for earning income from business or property. ¶1.52 (formerly ¶8(b) of IT-484R2) has been updated to reflect that clauses 39(1)(c)(vi)(B) and (C) were amended by S.C. 2000, c.12, Sch. ...