Words and Phrases - "rentals"

a
85
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
72
j
2
k
2
l
32
m
55
n
25
o
38
p
79
q
3
r
76
s
89
t
46
u
15
v
9
w
22
y
2

1 May 2023 External T.I. 2021-0921101E5 - XXXXXXXXXX

Summary Under
Tax Topics - Income Tax Act - Section 149 - Subsection 149(12)
“rentals” not reduced by expenses

Regarding the $10,000 threshold in s. 149(12), CRA indicated that rentals were to be computed without the deduction of related expenses.

Words and Phrases
rentals
Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(l) s. 149(1)(l) NPO can have share capital, but may not so qualify even if it satisfies the CNFPCA 313
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Disposition conversion of share corp to non-share corp would not cause a share disposition if no share cancellation and the rights of the shareholders were not substantively altered 195
Tax Topics - Income Tax Act - Section 51 - Subsection 51(1) s. 51 inapplicable to conversion of share corp to non-share corp 191

The Queen v. St. John Shipbuilding & Dry Dock Co. Ltd., 80 DTC 6272, [1980] CTC 352 (FCA)

Summary Under
Tax Topics - Treaties - Income Tax Conventions - Article 12
lump sum for indefinite right to use property not a royalty

Thurlow, C.J. stated (p. 6275) that "'royalties' ... connotes a payment calculated by reference to the use or to the production or revenue or...

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Words and Phrases
royalties rentals