Regulation 218

Table of Contents

Administrative Policy

9 December 2010 External T.I. 2010-0364001E5 F - Ristourne de consommation, feuillet T4A

T4A required where annual payments in proportion to patronage exceed $500

In finding that an amount received by virtue of an allocation in respect of "consumer goods or services" as defined in s. 135(4) is not required to be included in computing the income of a taxpayer, CRA stated:

The term "consumer goods or services" is defined in subsection 135(4) as goods or services the cost of which was not deductible by the taxpayer in computing the income from a business or property. Generally, those goods or services are for the personal consumption of the customer rather than for carrying on a business.

Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 135 - Subsection 135(7) no income inclusion re consumer goods or services 96