Words and Phrases - "accountant"

a
82
b
44
c
75
d
50
e
37
f
31
g
17
h
13
i
71
j
2
k
2
l
30
m
51
n
25
o
38
p
79
q
2
r
73
s
85
t
44
u
14
v
8
w
20
y
2
“
1

18 May 2004 External T.I. 2004-0069691E5 F - Incorporation des professionnels

Summary Under
Tax Topics - Income Tax Act - Section 34
insolvency practice carried on by accountants does not qualify as accountancy

Can a corporation with accountant shareholders use the s. 34 election where it is carrying on an insolvency practice? CRA responded:

[A]...

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Words and Phrases
accountant
Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 98 - Subsection 98(3) - Paragraph 98(3)(b) WIP subject to s. 34 election is tranferred at nil 149
Tax Topics - Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(a) - Subparagraph 40(2)(a)(ii) only s. 40(2)(a)(ii)(A), not (B) or (C), is potentially engaged where transferor is individual 125
Tax Topics - Income Tax Act - Section 249.1 - Subsection 249.1(2) s. 249.1(2) not engaged by virtue only of no income being allocated to the partner 236