See Also
Williams Gold Refining Co. of Canada v. The Queen, 2000 DTC 1829 (TCC)
The value of services provided by employees of the taxpayer to assist a sister company represented revenues notwithstanding that the amounts...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Loss v. Loss | 70 | |
| Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(p) - Subparagraph 20(1)(p)(i) | debiting receivable to expense did not preclude write-off | 43 |
Administrative Policy
Income Tax Folio S4-F3-C2, Provincial Income Allocation, 30 January 2024
Extension of gross revenue definition to Pt. IV of the Regs.
2.22 … By virtue of section 16 of the Interpretation Act, this definition of gross...
1 September 2015 Internal T.I. 2013-0507381I7 - Transfer pricing adjustments and gross revenue
CRA considered that an upward adjustment under s. 247(2) to a Canadian resident’s sales proceeds – but not a downward adjustment to its...
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|---|---|---|
| Tax Topics - Income Tax Act - Section 247 - New - Subsection 247(2) | [s. 247(2) increases to gross revenues] | 43 |
| Tax Topics - Income Tax Regulations - Regulation 402 - Subsection 402(3) | s. 247(2) increases to proceeds (but not downward adjustments to purchase prices) increase gross revenue for provincial allocation purposes | 233 |
31 March 2014 Internal T.I. 2013-0514921I7 - Meaning of "gross revenue" follow-up
Should amounts received or receivable as volume discounts should be included in a corporation's "gross revenue" for purposes of Reg. 402(3)? After...
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|---|---|---|
| Tax Topics - Income Tax Regulations - Regulation 402 - Subsection 402(3) | meaning of "gross revenue" | 266 |
18 October 2011 External T.I. 2011-0394041E5 F - Fiducie personnelle- revenu brut
S. 110.6(1.3)(b)(i)(A) referenced a basis for a property being considered to be being used in the course of carrying on a farming business in...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 3 | capital gains not included in computing income from a source | 109 |
6 January 2004 Internal T.I. 2003-0041431I7 - Meaning of gross revenue
Gross revenue would include foreign exchange gains on income account but would not be reduced by foreign exchange losses; and would include...
23 October 2003 External T.I. 2003-0017935 F - BIEN AGRICOLE ADMISSIBLE
The former definition in s. 110.6(1) of "qualified farm property" required a comparison of the taxpayer’s gross revenue from his farming...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property | rebate of municipal taxes reduces the farming expense rather than constituting gross revenue from farming | 221 |
| Tax Topics - Income Tax Act - Section 9 - Expense Reimbursement | reimbursement of business expense reduces the expense rather than being included in gross revenue | 47 |
19 May 1994 External T.I. 9405515 - GROSS REVENUE & RECAPTURED DEPRECIATION
Recapture of depreciation does not constitute "gross revenue" for purposes of Regulation 402(3).
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Regulation 402 - Subsection 402(3) | 14 |
15 February 1994 CTF Roundtable, 9335466 - OIL PRODUCT SWAP
Where an oil and gas company does not have inventory readily available at a specific location and, in order to avoid transportation costs, borrows...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Regulation 402 - Subsection 402(3) | 73 |