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Income Tax Folio S4-F11-C1, Meaning of Farming and Farming Business

Income Tax Folio S4-F11-C1, Meaning of Farming and Farming Business Series 4: Businesses Folio 11: Farmers Chapter 1: Meaning of Farming and Farming Business Summary This Chapter discusses the definition of farming for income tax purposes. Farming has to be defined before the following can be determined: the existence of a farming business; the amount […]

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IT-373R2-Woodlots

NO: IT-373R2  SUBJECT: INCOME TAX ACT Woodlots REFERENCE: Section 9 (also subparagraph 40(2)(g)(iii); paragraphs 12(1)(g), 18(1)(a) and 18(1)(h); subsections 18(2), 28(1), 70(9), 70(9.1), 70(9.2), 70(9.3), 73(3) and 248(1); and sections 31, 43, 46, 54, 67, 110.6 and 111) Application This bulletin is a consolidation of the following: IT-373R2 dated July 16, 1999; and subsequent amendments thereto.

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Income Tax Folio S4-F7-C1, Amalgamations of Canadian Corporations

Income Tax Folio S4-F7-C1, Amalgamations of Canadian Corporations Series 4:  Businesses Folio 7:  Wind-ups, Dissolutions and Amalgamations Chapter 1:  Amalgamations of Canadian Corporations Summary This Chapter outlines the Canada Revenue Agency’s (CRA) views on a number of issues relating to the amalgamation of two or more taxable Canadian corporations as described in subsection 87(1) (referred to in this

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Income Tax Folio S4-F15-C1, Manufacturing and Processing

Income Tax Folio S4-F15-C1, Manufacturing and Processing Series 4: Businesses Folio 15: Manufacturing and Research & Development Chapter 1: Manufacturing and Processing Summary Section 125.1 provides for the taxation of corporations at a reduced rate on their Canadian manufacturing and processing profits. This takes the form of a deduction from Part I tax otherwise payable and is an amount

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IT433R- Farming or Fishing – Use of Cash Method

NO: IT-433R DATE: June 4, 1993 SUBJECT: INCOME TAX ACT Farming or Fishing – Use of Cash Method REFERENCE: Section 28 (also section 119 and subsections 22(1), 69(1), 76(4), 85(1), 248(7) and the definitions of “farming” and “fishing” in 248(1)) Application This bulletin replaces and cancels Interpretation Bulletin IT-433 dated June 25, 1979. Current revisions are

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IT188R- Sale of accounts receivable

NO: IT-188R DATE: May 22, 1984 SUBJECT: INCOME TAX ACT Sale of Accounts Receivable REFERENCE: Section 22 (also sections 28, 34, 85, 88 and 97, subsections 50(1) and 69(1), and paragraphs 20(1)(l) and 20(1)(p)) This bulletin cancels and replaces Interpretation Bulletin IT-188 dated November 12, 1974. Current revisions are designated by vertical lines. 1. Section 22

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IT188R- Sale of accounts receivable

NO: IT-188R DATE: May 22, 1984 SUBJECT: INCOME TAX ACT Sale of Accounts Receivable REFERENCE: Section 22 (also sections 28, 34, 85, 88 and 97, subsections 50(1) and 69(1), and paragraphs 20(1)(l) and 20(1)(p)) This bulletin cancels and replaces Interpretation Bulletin IT-188 dated November 12, 1974. Current revisions are designated by vertical lines. 1. Section 22

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IT184R- Deferred cash purchase tickets issued for grain

NO: IT-184R DATE: October 18, 1978 SUBJECT: INCOME TAX ACT Deferred Cash Purchase Tickets Issued for Grain REFERENCE: Reference: Subsection 76(4) (also section 11 and subsections 28(1) and 249(1)) This bulletin cancels and replaces Interpretation Bulletin IT-184, dated November 4, 1974. Current revisions are designated by vertical lines. 1. Subsection 76(4) provides for the deferral of

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IT154R- Special reserves

NO: IT-154R DATE: February 19, 1988 SUBJECT: INCOME TAX ACT Special Reserves REFERENCE: Paragraphs 20(1)(m), (m.1), (m.2) and (n) (also subsections 20(6), (7), (8), (24) and (25), 88(1) and 28(1) and paragraphs 12(1)(a) and (e), 72(1)(a) and 87(2)(i) and (j)) Application This bulletin cancels and replaces Interpretation Bulletin IT-154 dated March 14, 1974. Current revisions are

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