Application This bulletin applies for the 2001 and subsequent taxation years and is a consolidation of the following: IT-141R, dated May 4, 2000; and subsequent amendments thereto. Summary A person who is employed, or has an office, as a member of the clergy or a religious order or as a regular minister of […]
Foreword This information circular provides a framework for the application of third-party civil penalty provisions in section 163.2 of theIncome Tax Act and section 285.1 of the Excise Tax Act. The third-party civil penalty provisions evolved from a need to deter tax shelter or tax shelter-like promotions with inflated asset values and faulty assumptions. When the third-party civil penalty
NO.: IT-432R2 DATE: February 10, 1995 SUBJECT: INCOME TAX ACT Benefits Conferred on Shareholders REFERENCE: Subsection 15(1) (also sections 84 and 246; subsections 15(1.1) to 15(1.4), 15(7), 52(1), 52(1.1), 56(2) and 248(1) definitions of “property”, “corporation”, “shareholder” and “specified shareholder”; paragraphs 6(1)(a), 69(1)(b), 82(1)(a) and 214(3)(a); and subparagraph 129(1)(a)(i) of the Income Tax Act; and
Employees’ Pension Plans NO.: 72-13R8 Subject: EMPLOYEES’ PENSION PLANS 1. This circular replaces and cancels Information Circular 72-13R7 dated December 31, 1981. Current revisions are designated by vertical lines. 2. The purpose of this circular is to incorporate changes made to the administrative rules for the registration of pension plans since the publication of IC72-13R7.
NO: IT-274R DATE: April 9, 1990 SUBJECT: INCOME TAX ACT Rental Properties – Capital Cost of $50,000 or More REFERENCE: Subsection 1101(1ac) of the Regulations (also subsections 1100(11) and (14), 1101(1ad) and (5b) and 1103(1) of the Regulations) Application This bulletin replaces and cancels Interpretation Bulletin IT-274 dated December 22, 1975. Current revisions are designated by
IT274R- Rental properties – Capital cost of $50,000 or more Read More »
Notice to the reader This Information Circular is under revision to reflect changes to the Income Tax Act and Excise Tax Act since its date of publication.
IC77-11 Sales Tax Reassessments – Deductibility in Computing Income Read More »