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  [24]          It can be noted that the Income Tax Convention between Canada and Israel, based upon the OECD Model Income Tax Convention, includes residence tie‑breaker rules. ...

Toutefois, si cette influence découle d'un contrat de concession, d'une licence, d'un bail, d'un contrat de commercialisation, d'approvisionnement ou de gestion ou d'une convention semblable- la société et l'entité dominante n'ayant entre elles aucun lien de dépendance- dont l'objet principal consiste à déterminer les liens qui unissent la société et l'entité dominante en ce qui concerne la façon de mener une entreprise exploitée par la société, celle-ci n'est pas considérée comme contrôlée, directement ou indirectement, de quelque manière que ce soit, par l'entité dominante du seul fait qu'une telle convention existe.                                                                                                             ...

In 1998, he attended a convention in Denver, Colorado and also traveled to Chicago, Illinois for private lessons and paid the cost of these trips even though the experience and knowledge acquired pertained to his work as an organist at Young. ... He paid for his own trips to a convention and for private lessons even though the instruction related directly to the performance of his services to Young. ...

With regard to Perséphone Canonne's appeal (1999-683(IT)G):                 [TRANSLATION] (a)            the appellant is Jean Canonne's wife; (b)            during the 1992, 1993 and 1994 taxation years, the appellant and his wife invested part of their capital in the United States; (c)            they decided to use the American securities brokers Paine Webber for this purpose; (d)            a number of accounts were opened with Paine Webber, some in the appellant's name, some in her husband's name and others in the name of the appellant and her husband jointly; (e)            part of the capital invested by the appellant and her spouse produced interest income; (f)             part of the capital invested by the appellant and her spouse was used to purchase shares in the capital stock of various companies; (g)            dividends were paid to the appellant and her spouse on the shares so purchased; (h)            the income generated by the appellant's investments (both those held by the appellant alone and those held by the appellant jointly with her husband) was not reported to either the American or Canadian tax authorities; (i)             the Minister of National Revenue added to the appellant's income the income generated by the appellant's investments and not reported by her; (j)             with regard to the income generated by the investments in the names of the appellant and her husband jointly, one half of that income was added to the appellant's income; (k)            during the 1992, 1993 and 1994 taxation years, the appellant's investments earned her the following income (in U.S. dollars):                                                                 1992       1993                       1994                 Dividends                               $ 2,248    $ 2,451    $ 2,289                 Interest                   $27,308 $14,106 $38,823 (l)             the Minister of National Revenue converted into Canadian dollars the appellant's income earned in U.S. dollars, using the following conversion rates:                                                                    1992                       1993                       1994                 Conversion rate:    1.2083     1.2898     1.3569 (m)           for the 1992 and 1993 taxation years, the Minister of National Revenue added to the appellant's income the following amounts as income from property (additional investment income):                                    1992                                       1993                                       1994                                 $23,628                    $21,355                    $56,153 (n)            in accordance with the Canada-United States Income Tax Convention, a 15% withholding tax was withheld on most of the dividends, and the Minister of National Revenue accordingly granted the appellant a foreign tax credit for each taxation year:                                                                 1992                         1993                        1994                 Foreign tax credit:                                     $394                         $425                        $469 (o)            by not reporting all of her income, the appellant knowingly, or under circumstances amounting to gross negligence, made a false statement or omission in her tax returns for the 1992, 1993 and 1994 taxation years, which justifies the assessment of a penalty in the amount of $3,188 for 1992, $2,834 for 1993 and $7,450 for 1994 pursuant to subsection 163(2) of the Income Tax Act. With regard to Jean Canonne's appeal (1999-684(IT)G):                 [TRANSLATION] (a)            the appellant is Perséphone Canonne's husband; (b)            during the 1992, 1993 and 1994 taxation years, the appellant and his wife invested part of their capital in the United States; (c)            they decided to use the American securities brokers Paine Webber for this purpose; (d)            a number of accounts were opened with Paine Webber, some in the appellant's name, some in his wife's name and others in the name of the appellant and his wife jointly; (e)            part of the capital invested by the appellant and his spouse produced interest income; (f)             part of the capital invested by the appellant and his spouse was used to purchase shares in the capital stock of various companies; (g)            dividends were paid to the appellant and his spouse on the shares so purchased; (h)            the income generated by the appellant's investments (both those held by the appellant alone and those held by the appellant jointly with his wife) was not reported to either the American or Canadian tax authorities; (i)             the Minister of National Revenue added to the appellant's income the income the income generated by the appellant's investments and not reported by him; (j)             with regard to the income generated by the investments in the names of the appellant and his wife jointly, one half of that income was added to the appellant's income; (k)            during the 1992, 1993 and 1994 taxation years, the appellant's investments earned him the following income (in U.S. dollars):                                                                 1992       1993       1994                 Dividends                               $ 1,260    $ 2,289    $ 3, 241                 Interest                   $18,401 $19, 269 $26,420 (l)             the Minister of National Revenue converted into Canadian dollars the appellant's income earned in U.S. dollars, using the following conversion rates:                                                                    1992                       1993                       1994                 Conversion rate:    1.2083     1.2898     1.3569 (m)           for the 1992 and 1993 taxation years, the Minister of National Revenue added to the appellant's income the following amounts as income from property (additional investment income):                                 1992                                        1993                                        1994                                 $23,756                    $27,805                    $40,511 (n)            in accordance with the Canada-United States Income Tax Convention, a 15% withholding tax was withheld on most of the dividends, and the Minister of National Revenue accordingly granted the appellant a foreign tax credit for each taxation year:                                                                 1992                         1993                        1994                 Foreign tax credit:                                     $216                         $389                        $662 (o)            by not reporting all of his income, the appellant knowingly, or under circumstances amounting to gross negligence, made a false statement or omission in his tax returns for the 1992, 1993 and 1994 taxation years, which justifies the assessment of a penalty in the amount of $4,340 for 1992, $4,357 for 1993 and $5,777 for 1994 pursuant to subsection 163(2) of the Income Tax Act. [4]            The appellants both testified, substantially repeating the facts alleged in their respective Notices of Appeal. ...

IT Bulletin 357R, also makes note of the fact that the "convention expenses" are dealt with differently under subsection 20(10) of the Act, and that certain other considerations should be taken into account. I would add that my reading of subsection 20(10) of the Act indicates that the restrictions which IT Bulletin 357R places on “training expenses", which could fall under the category of “capital” do not apply to "convention expenses", because the limit under paragraph 18(1)(b) has been removed. ...

Neither of the Appellants withheld or paid to Revenue Canada, tax under Part XIII of the Act on the interest credited to Uhrenholt in their line of credit accounts in respect of the 70 per cent advances, the running balance of the line of credit accounts or the quarterly so-called "commissions" based on the maximum line of credit. [6]            Revenue Canada assessed the Appellants for 15 per cent withholding tax on these amounts being the reduced rate on interest applicable under the Canada-Denmark Income Tax Agreements and Conventions. ... Counsel referred to Article 3 of the Canada-Denmark Income Tax Agreements and Conventions which provided that the term "Denmark" means the Kingdom of Denmark, excluding the Faroe Islands and Greenland. [149]        He referred to the case of Gurd's Products Company Limited, supra, in support of his position that each case must turn upon its own facts. ... With regards to the question of whether or not the Appellants filed tax or paid any tax elsewhere, the Appellants referred to the Canada-Denmark Income Tax Agreements and Conventions. ...

Propensity Properties’ tax returns do show a $200,000 plus loan being made to a Golden Hospitality and Convention Corporation, not Mr.  ... The Propensity Properties financial statement shows its loan as owed to it by Golden Hospitality and Convention. ... There was Transcona Recreation Centre Ltd. and Golden Sports Recreation and Convention Services Ltd. ...

Applying broad principles and conventions of general application, Mr. ... This is surprising because in his first reference (Broad Principles and Conventions of General Application) he concludes at page 5 of his report that there is good authority under GAAP to capitalize the Replacement Costs. ... She states that additional broad principles and conventions should be considered like materiality, matching and representational faithfulness. ...

Sociétés associées (3) Malgré le paragraphe (2), si les sociétés privées sous contrôle canadien qui sont associées les unes aux autres pendant une année d’imposition présentent au ministre, selon le formulaire prescrit, une convention par laquelle est attribué, pour l’application du présent article, un pourcentage à une ou plusieurs d’entre elles pour l’année, le plafond des affaires, pour l’année, de chacune des sociétés correspond à ce qui suit: a) si le total des pourcentages attribués selon la convention n’excède pas 100 %, le produit de 500 000 $ par le pourcentage attribué à la société selon la convention; b) dans les autres cas, zéro.   ... Sens de catégorie exclue (1.1) Une catégorie d’actions du capital-actions d’une société est exclue pour l’application du paragraphe (1) si, à la fois, selon les caractéristiques des actions de cette catégorie ou selon une convention y relative: a) les actions ne sont ni convertibles ni échangeables; b) les actions ne confèrent pas de droit de vote; c) le montant de chaque dividende payable sur les actions est un montant fixe ou un montant déterminé en fonction d’un pourcentage fixe de la juste valeur marchande de la contrepartie de l’émission des actions; d) le taux de dividende annuel sur les actions, exprimé en pourcentage de la juste valeur marchande de la contrepartie de l’émission des actions, ne peut en aucun cas excéder: (i) dans le cas où les actions sont émises avant 1984, le taux d’intérêt prescrit pour l’application du paragraphe 161(1) au moment de l’émission des actions, (ii) dans le cas où les actions sont émises après 1983, le taux d’intérêt prescrit au moment de l’émission des actions; e) le montant que l’actionnaire a le droit de recevoir au rachat, à l’acquisition ou à l’annulation des actions par la société ou par une personne avec laquelle elle a un lien de dépendance ne peut dépasser le total de la juste valeur marchande de la contrepartie de l’émission des actions et du montant des dividendes impayés sur les actions.   ...

Generally accepted accounting principles (GAAP) are “general principles and conventions of general application, as well as rules and procedures that determine what accepted accounting practices are at a particular point in time”. ... This convention holds that the business is considered to be able to carry out the transactions in question and honour its commitments [17] in the foreseeable future. ... First, other than as a convention for presentation, there is no support in the literature, and no theoretical concept, that supports the position that advances must reduce costs. ...