110(1)

Income Tax Folio S1-F2-C3, Scholarships, Research Grants and Other Education Assistance

Income Tax Folio S1-F2-C3, Scholarships, Research Grants and Other Education Assistance Series 1: Individuals Folio 2: Students Chapter 3: Scholarships, Research Grants and Other Education Assistance Summary This Chapter discusses the taxation of scholarships, fellowships, bursaries, prizes, research grants, certain government financial assistance for education and training, forgivable loans and repayable awards. Paragraph 56(1)(n) generally includes […]

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Stock Benefit Withholding Requirements

Stock Benefit Withholding Requirements Question What is the CRA’s view with respect to an employer’s obligations to withhold from the cash proceeds when an employee exercises a stock option and sells the underlying shares on the same day? Response Legislatively, withholding of Canada Pension Plan (CPP) contributions and income tax is required on the full

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IT286R2 – Trusts – Amount payable

NO: IT-286R2 DATE: April 8, 1988 SUBJECT: INCOME TAX ACT Trusts – Amount Payable REFERENCE: Subsection 104(24) (also subsections 52(6), 104(4), (5), (5.1), (6), (13) and (18) and 107(4), paragraph 149(1)(o.4) and subparagraphs 110(1)(a)(i) to (vii)) Application This bulletin cancels and replaces IT-286R dated October 4, 1982. Current revisions are designated by vertical lines. Proposals contained

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IT113R4- Benefits to Employees – Stock Options

NO: IT-113R4 DATE: August 7, 1996 SUBJECT: INCOME TAX ACT Benefits to Employees – Stock Options REFERENCE: Section 7 (also subsections 2(3), 5(1), 8(12), 110(1.5), 115(1) and the definition of “Canadian-controlled private corporation” in subsection 125(7), paragraphs 6(1)(a), 53(1)(j) and 110(1)(d) and (d.1), and subparagraph 128.1(4)(b)(vi) of the Income Tax Act; and section 6204 of the

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