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Operating expenses – Items 8520 to 9369 GIFI items for Operating expenses GIFI code GIFI name 8520 Advertising and promotion 8521 Advertising catalogues, media expenses, and publications 8522 Donations charitable donations, donations to the Crown, and political donations 8523 Meals and entertainment tickets (theatre, concert, athletic event, etc.) 8524 Promotion booths, demonstrations/presentations, displays, prospectus, samples, and seminars (given) 8570 Amortization of intangible assets amortization of intangible assets such as deferred charges, goodwill (before 2002), patents, franchises, copyrights, trademarks, organization costs, and research and development costs 8571 Goodwill impairment loss applies to 2002 and later tax years 8590 Bad debt expense allowance for bad debts, allowance/provision for doubtful accounts, bad debt, bad debt written-off, provision for bad debts, and reserve for bad debt 8610 Loan losses for loans, mortgages, and other loan-type amounts written off 8611 Provision for loan losses provision/allowance for loan, mortgage, or credit losses 8620 Employee benefits association dues, clothing allowance, lodging, payroll deductions/levies/taxes, and room and board 8621 Group insurance benefits medical, dental, and life insurance plans 8622 Employer's portion of employee benefits Canada Pension Plan, company pension plan, employment insurance, Quebec Parental Insurance Plan, and Workers' Compensation 8623 Contributions to deferred income plans contributions to a registered pension plan, a deferred profit sharing plan, an employee profit sharing plan, and a registered supplementary unemployment benefit plan 8650 Amortization of natural resource assets amounts referred to as depletion 8670 Amortization of tangible assets amortization of leasehold improvements and amounts referred to as depreciation 8690 Insurance bonding, fire insurance, liability insurance, premium expenses, property insurance, and vehicle insurance 8691 Life insurance on executives insurance policies where the beneficiary is the corporation rather than the estate of the executive 8710 Interest and bank charges finance charges, bank charges, and interest payments on capital leases 8711 Interest on short-term debt 8712 Interest on bonds and debentures amortization of bond discounts 8713 Interest on mortgages amortization of mortgage discount or expense 8714 Interest on long-term debt 8715 Bank charges 8716 Credit card charges interest on credit cards 8717 Collection and credit costs 8740 Interest paid (financial institutions) for finance and insurance industries 8741 Interest paid on deposits for finance and insurance industries 8742 Interest paid on bonds and debentures for finance and insurance industries 8760 Business taxes, licences, and memberships beverage licences, business charges, motor vehicle licences and/or registration permits, and trade licences 8761 Memberships dues and subscriptions 8762 Business taxes business tax, provincial capital tax (excluding Nova Scotia tax on large corporations), bridge tolls, gross receipt tax, health and education tax, hospital tax, permits, road tolls, and taxes on leases 8763 Franchise fees 8764 Government fees 8790 Nova Scotia tax on large corporations 8810 Office expenses 8811 Office stationery and supplies 8812 Office utilities utility expenses related to an office such as electricity, gas, heating, hydro, and telephone 8813 Data processing word processing 8860 Professional fees engineering fees, professional services, and surveyor fees 8861 Legal fees lawyer and notary fees 8862 Accounting fees bookkeeping 8863 Consulting fees 8864 Architect fees architectural design and illustration fees and landscape architect fees 8865 Appraisal fees real estate and jewellery appraisal, and financial valuation services 8866 Laboratory fees 8867 Medical fees 8868 Veterinary fees breeding fees 8869 Brokerage fees 8870 Transfer fees land and property transfer fees 8871 Management and administration fees 8872 Refining and assay 8873 Registrar and transfer agent fees 8874 Restructuring costs reorganization costs 8875 Security commission fees 8876 Training expense animal training, management training, and staff development 8877 Studio and recording 8910 Rental rental expenses for arena, boat/vessel/ship, coal and lumberyards, railway sidings, safety deposit box/vaults, and parking charges 8911 Real estate rental apartment, building, land, and office rentals 8912 Occupancy costs 8913 Condominium fees 8914 Equipment rental rental expenses for computer equipment, film, office machines, and road and construction equipment 8915 Motor vehicle rentals 8916 Moorage (boat) dock and wharf space 8917 Storage rental expense for garages and warehouses 8918 Quota rental forestry and logging quota rental expenses 8960 Repairs and maintenance aircraft repairs and maintenance 8961 Repairs and maintenance – Buildings premises upkeep 8962 Repairs and maintenance – Vehicles 8963 Repairs and maintenance – Boats 8964 Repairs and maintenance – Machinery and equipment gas and power line repairs and maintenance 9010 Other repairs and maintenance janitorial services, landscaping, and yard maintenance 9011 Machine shop expense 9012 Road costs snow removal costs 9013 Security- alarm system and surveillance equipment repairs and maintenance 9014 Garbage removal 9060 Salaries and wages amounts not found in cost of sales such as administrative salaries, casual labour, cost of living allowance, down time, fees to employees, minimum wage levies, payroll remuneration, severance pay, supervision, and vacation pay 9061 Commissions 9062 Crew share for the fishing industry 9063 Bonuses incentive compensation 9064 Directors fees 9065 Management salaries officers' salaries 9066 Employee salaries office salaries 9110 Sub-contracts contract labour, contract work, custom work, and hired labour 9130 Supplies medical supplies, veterinary drugs and supplies, wrapping and packing supplies 9131 Small tools 9132 Shop expense 9133 Uniforms 9134 Laundry dry-cleaning 9135 Food and catering 9136 Fishing gear 9137 Nets and traps 9138 Salt, bait, and ice 9139 Camp supplies 9150 Computer-related expenses 9151 Upgrade updates to computer software 9152 Internet 9180 Property taxes municipal and realty taxes 9200 Travel expenses airfare, hotel rooms, travel allowance, travel, and accommodations 9201 Meetings and conventions seminars attended 9220 Utilities 9221 Electricity hydro 9222 Water 9223 Heat 9224 Fuel costs coal, diesel, fuel, natural gas, oil, and propane for heating and cooking 9225 Telephone and telecommunications cellular telephone, fax machine, and pager 9270 Other expenses 9271 Cash over/short 9272 Reimbursement of parent company expense (corporations only) portion of expenses owing to parent 9273 Selling expenses 9274 Shipping and warehouse expense 9275 Delivery, freight and express courier, customs, delivery and installation, distribution, ferry charges, freight and cartage, freight and duty, shipping and transportation 9276 Warranty expenses guarantee costs 9277 Royalty expenses – Resident amounts reported as non-resource royalties paid to Canadian residents such as copyrights, movies, patents, performing rights, and trademarks 9278 Royalty expenses – Non-resident amounts reported as non-resource royalties paid to non-residents such as copyrights, movies, patents, performing rights, and trademarks 9279 Dumping charges 9280 Land fill fees 9281 Vehicle expenses automobile expenses, gas, motor vehicle fuel, tires, and vehicle washing 9282 Research and development 9283 Withholding taxes 9284 General and administrative expenses marketing and administration, office and general expenses, selling and administrative expenses 9285 Interdivisional expenses 9286 Interfund transfer This item is for corporations or partnerships including non-profit organizations to report fund amounts transferred to or from the income statement, from or to retained earnings. 9367 Total operating expenses This item represents the sum of all operating expense amounts. 9368 Total expenses This item must be reported if there are no farming expenses (see Validity check items). ...

To the extent that high net worth individuals engage in offshore activities, other CRA projects and initiatives are underway to curb offshore tax evasion and aggressive tax avoidance, including: Reviewing high-value money transfers as they cross borders to and from Canada and studying specific offshore locations and certain financial institutions; Collaborating and sharing information with international partners, through work with the OECD, aimed at promoting international tax standards, reducing tax barriers, and increasing transparency around global tax issues; and, Identifying international non-compliance and abuses through the exchange of information facilitated by Tax Information Exchange Agreements and through the multilateral Convention on Mutual Administrative Assistance in Tax Matters. ...

A summary of the significant accounting policies follows: (a) Revenue and pension contributions recognition Revenues and pension contributions are recognized in the year in which the event that generates the revenue or the pension contribution occurs and when the effective date of the related legislation has passed and either the legislation, regulation or by-laws have been approved by the legislature or the ability to assess and collect tax has been provided through legislative convention. ...

For more information, see Interpretation Bulletin IT-131, Convention expenses. ...

If you pay a retiring allowance to a non-resident of Canada, withhold 25% of the retiring allowance (the withholding rate may vary depending on the applicable tax convention or agreement). ...

The services will be performed at the convention centre in Quebec where the gala will take place. ...

If you pay a retiring allowance to a non-resident of Canada, withhold 25% of the retiring allowance (the withholding rate may vary depending on the applicable tax convention or agreement). ...