Sentences with phrase «revenue agency rules»

This is because the Canada Revenue Agency rules relating to how support payments are to be treated are quite complex.

Undoing support for civil society groups that represent these various constituencies through de-funding and changes to Canada Revenue Agency rules regarding charitable status is part of this process.

The Capital Gains Tax (CGT) Report in Sharesight calculates capital gains made on shares as per the Canada Revenue Agency rules using the «Adjusted Cost Base» sale allocation method and is available on our investor and expert plans.

Not exact matches

The slow - motion train wreck began with an obscure Tax Court of Canada ruling in 2003, in which the judge sided with insurer State Farm against the Canada Revenue Agency.

The original 2005 release and backgrounder from Finance Canada did not mention reinsurance at all; only in 2011 did the Canada Revenue Agency indicate that some reinsurance transactions could be caught by the new rules.

A federal judge has ruled in favor of an anonymous customer of the bitcoin exchange Coinbase against the Internal Revenue Service, permitting the unnamed bitcoiner to challenge the agency's summons an...

A federal judge has ruled in favor of an anonymous customer of the bitcoin exchange Coinbase against the Internal Revenue Service, permitting the unnamed bitcoiner to challenge the agency's summons and proceed with their case anonymously.

The book should garner a tremendous source of revenue for publisher Simon & Schuster, who is pricing the book under the agency rules.

For more detail about Canadian Revenue Agency capital gains tax rules, please refer to the CRA Website.

Check your plan's rules and the Canada Revenue Agency's rules.

Here's an easy — and perfectly legal — way to get around Canada Revenue Agency's dreaded «superficial loss» rule.

If the draft rules aren't finalized, in CIBC's view, it is unlikely that the Canada Revenue Agency (CRA) would penalize taxpayers for making these additional contributions.

(a) the individual establishes to the satisfaction of the Minister that the liability arose as a consequence of the individual being a complete and utter moron who can not understand basic english, and was wilfully blind in not spending a few minutes to go to the Canada Revenue Agency website and read the rules; and

The sudden growth in CRA scrutiny has triggered concern from the Investment Industry Association of Canada, which recently complained of «insufficient guidelines» for TFSA investors to determine whether they've run afoul of tax rules, in a letter to the Finance Department and the director general of the Canada Revenue Agency (CRA).

Just be aware of the Canada Revenue Agency's attribution rules: You can't make a contribution in the same year you withdraw the money, or in either of the two previous tax years.

The one consideration for not following this general rule of thumb is whether the loan is used solely for the purpose of generating business income and meets Canada Revenue Agency (CRA) guidelines for interest deductibility.

If the withdrawal qualifies for attribution to the annuitant under the 3 - year hold rule, it is the responsibility of the client to prove to Canada Revenue Agency that the spouse or partner contributor did not make the contribution.

The new arrangement means Canadian banks would report «relevant» information on accounts held by U.S. residents or citizens to the Canada Revenue Agency, which would share it with the IRS under existing tax treaty rules — making it consistent with Canadian privacy laws, said senior government officials.

If assets are not held jointly with your spouse, the general rule is that the Canada Revenue Agency will deem it to be sold at fair market value upon your death.

But be aware of the Canada Revenue Agency's attribution rules: when assets are gifted to a spouse, all interest, dividends and capital gains (or losses) are attributed back to the gifting spouse.

Eligibility rules are the same for both the Canada Revenue Agency and Revenu Québec.

All of the interest that you earn on a Zag Tax - Free GIC is yours to keep because it is not considered income under the rules of the Canada Revenue Agency (CRA).

All of the interest that you earn inside your TFSA is yours to keep because it is not considered income under the rules of the Canada Revenue Agency (CRA).

Contribution rules for a popular tax shelter continue to perplex ordinary Canadians, despite a year - long information blitz by the Canada Revenue Agency and the big banks.

Canada Revenue Agency has these tax forgiveness rules in place to ensure that all of your assets are disclosed, and that all debts are being treated equally.

In order for a debt proposal to the Canada Revenue Agency to be accepted, there are certain CRA debt forgiveness rules to consider.

The business of tax law continues to be driven by the steady stream of new rules the Canada Revenue Agency imposes on clients.

Or the Canada Revenue Agency could better enforce existing personal service business rules and corporate attribution rules, reduce the gap between the capital gains rates and the dividend rates and effectively end «artificial tax planning» (thus avoiding pages and pages of new rules).

The case is being closely watched due, in part, to the involvement of the company's corporate bodies in the United States, its Swiss affiliate and because «practitioners are hoping the courts will clarify the interplay between major elements of Canada's transfer pricing rules, as well as the appropriateness of the Canada Revenue Agency's aggressive approach to transfer pricing disputes.»

For example, a client inquiry about offshore tax shelters is noted and logged by the system, which draws the reasonable conclusion that this client will likely also be interested in developments in foreign tax rules and Canada Revenue Agency announcements about the treatment of such shelters.

An employer, an employee, a person claiming to be an employer or an employee... may request an officer of the Canada Revenue Agency... to make a ruling on any of the following questions:

You may recall the ruling of the Federal Court of Canada that e-Bay had to turn over to the Canada Revenue Agency records of its «power sellers» resident in Canada, even though the records were on a server in the US.

Valerie Scott said sex workers should be able to work with the Canada Revenue Agency, be protected by occupational health and safety rules and workers» compensation and «pension plans!

The Supreme Court of Canada has ruled in Canada (National Revenue) v. Thompson (2016 SCC 21) that Canada Revenue Agency («CRA») can not rely on the «accounting records» exception to the definition of solicitor - client privilege in subsection 232 (1) of the Income Tax Act (the «Act») to require that a lawyer produce financial records relating to their clients, including lists of accounts receivable.

As a general rule, Canadians are required to file form T1135 with the Canada Revenue Agency («CRA») for any particular year if they hold «specified foreign property» («SFP») having a total cost base of more than $ 100,000 at any time in that year [1].

Where the parties to a transaction or series of transactions do not deal with each other on arm's length terms or prices, the tax consequences of that transaction may be adjusted by the Canada Revenue Agency (CRA) in accordance with special provisions of the Income Tax Act (Canada), specifically the transfer pricing rules found in section 247.

Tax Lawyer, Canada Revenue Agency, Income Tax Rulings Directorate, Henry Chong has provided tax advice to public and private corporations on mergers and acquisitions, corporate reorganizations, and...

A federal judge has ruled in favor of an anonymous customer of the bitcoin exchange Coinbase against the Internal Revenue Service, permitting the unnamed bitcoiner to challenge the agency's summons and proceed with their case anonymously.

A federal judge has ruled in favor of an anonymous customer of the bitcoin exchange Coinbase against the Internal Revenue Service, permitting the unnamed bitcoiner to challenge the agency's summons an...

He says the rules and regulations of the REIT and pension plan will be finalized by a future panel consisting of UROC, CREA and OREA in accordance with Canada Revenue Agency guidelines.

However, in a recent Private Letter Ruling (PLR 200148042), the Internal Revenue Service approved an express declaration of agency for all purposes except federal income tax purposes that could be included in the Exchange Accommodation Titleholder's Qualified Exchange Accommodation Agreement with out jeopardizing the qualification of the transaction as a Reverse Exchange.