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It is mandatory to procure user consent prior to running these cookies on your website. Loading Comments The deaths represent approximately nine per cent. Canada day celebrations vancouver island The median wait time for treatment in Canada for the year was weeks up from weeks wait time in This years wait time is the longest wait time recorded in this surveys.
Gasoline prices on Vancouver Island set a new record on Monday topping cents per litre near Victoria. Fraser Institute has been studying wait times across Canada by surveying specialist physicians across 12 specialties and 10 provinces since Buskers will perform until 7 pm.
Now every year on June 8 the world unites to celebrate the worlds oceans and to take action to protect them. Interested vendors and buskers are asked to complete an online application by June 10 on the citys Canada Day website. The street market will be open from noon to pm.
Canada Day in Metro Vancouver | Vancouver’s Best Places.Tax Court of Canada – Get Started
Next story Retired priest, 92, charged with assault in Manitoba residential school case. Just Posted Tour de Rock receives warm welcome in Sooke. Restricted Share Units, which are generally taxable on their vesting dates. Restricted Stock Awards generally taxable on the date the employee has a legal right to the shares and enjoys all of the attributions of ownership i. Any other type of deferred employee compensation, whether received in cash or in some other type of property, such as shares.
Employee loans forgiven by the employer. Employer contributions made to an employee benefit plan unless exempt under the Income Tax Act or under a relevant Tax Treaty. Employer reimbursement of housing losses unless exempt under the Income Tax Act. Employer provided housing subsidies unless exempt under the Income Tax Act.
Deemed interest benefits on interest free or low interest rate employer loans. Intra-group statutory directors Will a non-resident of Canada who, as part of their employment within a group company, is also appointed as a statutory director i. Tax-exempt income Are there any areas of income that are exempt from taxation in Canada?
The employee is required to be away from their principal residence and to be present at the special work site for at least 36 hours. Certain employer provided housing allowances cost of utilities The cost of utilities paid for employees is considered a taxable benefit.
Certain employer provided tax reimbursements The following are the usual methods of recognizing tax reimbursements paid by the employer: current-year gross-up current-year reimbursement 1-year rollover. Certain employer provided relocation reimbursements The reimbursement of most actual relocation expenses is generally not taxable. Home leave Home leave is considered a taxable benefit.
Certain employer provided education costs The cost of education provided to an employee that is mainly for the benefit of the employer is not taxable to the employee. Certain bonus payments A bonus in respect of non-Canadian source employment is generally not subject to Canadian tax if paid before the individual becomes a resident of Canada, or after they cease to be resident in Canada e.
Certain interest subsidies If the employer provides a low-interest or interest-free loan to an individual, the individual is considered to have received a benefit from employment. Certain auto allowances Reasonable automobile allowances calculated on a per kilometer basis that are paid to employees who use their personally owned motor vehicles for business purposes are not considered a taxable benefit to those employees if the allowances do not exceed the rates set for each year by CRA For , the rates are CAD59 cents per kilometer for the first 5, kilometers driven and CAD53 cents per kilometer driven after that.
Expatriate concessions Are there any concessions made for expatriates in Canada? Adjustment in tax cost basis of assets held on arrival An individual is deemed by the Income Tax Act to have disposed of all of their assets other than Taxable Canadian Property and to have reacquired the same assets at their fair market value immediately before becoming residents of Canada. Special work site exemption See also section titled Tax-Exempt Income section with respect to the special work site provision.
Foreign Pension Plans Canada allows individuals who are temporarily working in Canada to continue to participate in qualifying foreign employer-sponsored pension plans or foreign Social Security Arrangements. Gains from employee stock option exercises Stock option income is taxable in Canada if the individual is a resident when the options are exercised.
The shares are qualifying shares generally common shares. The exercise price is not less than fair market value, at the time the options were granted, of the shares to be received on exercise. Stock options granted before July 1, will not be subject to the new rules.
Salary earned from working abroad Is salary earned from working abroad taxed in Canada? If so, how? Taxation of investment income and capital gains Are investment income and capital gains taxed in Canada? Yes, as described in the following paragraphs. Dividends, interest, and rental income Dividends and interest income are generally taxable in Canada in the calendar year in which the income is received. Foreign exchange gains and losses When non-Canadian property is sold or deemed to have been sold, generally the gain for Canadian tax purposes must be calculated by converting the net proceeds into Canadian Dollars on the closing date or the deemed closing date and by converting the cost into Canadian Dollars using the exchange rate as of the date the property was purchased or was deemed to have been purchased.
Principal residence gains and losses Capital gains arising on the disposition of a principal residence are generally not subject to tax with respect to the years it was owned and lived in by an individual, or by a spouse or child of that individual, while the individual was a resident of Canada. Capital losses Capital losses can be used to reduce capital gains incurred during the year to a balance of zero. This term is defined in the Income Tax Act and includes: real or immovable property located within Canada capital property, intangible property and inventory used in carrying on a business in Canada an interest in a private corporation, partnership or trust which derived more than 50 percent of its value directly or indirectly from real property or resource property or timber property located in Canada at any time during the 60 months period ending on the disposition or deemed disposition date of the interest.
Personal use items When a taxpayer disposes of personal-use property that has an adjusted cost base or proceeds of disposition of more than CAD1,, capital gains or losses may be recognized.
Gifts There is no gift tax in Canada. Non-resident trusts Rules for non-resident trust expand the taxation of income earned by these trusts. Additional capital gains tax CGT issues and exceptions Are there capital gains tax exceptions in Canada? Deemed disposal and acquisition Where a taxpayer ceases to be resident in Canada at any particular time, the taxpayer is deemed by the Income Tax Act to have disposed of certain capital properties owned immediately before departure for proceeds equal to their fair market value on the departure date.
A capital gains exemption of up to CAD, CAD1,, for the second and third categories listed below may be claimed against capital gains arising from the disposition, on or after 1 January of the following types of properties: qualified small business corporation shares qualified farm property qualified fishing property a reserve brought into income, from any of the above.
General deductions from income What are the general deductions from income allowed in Canada? Allowable deductions include the following. RRSP contributions that qualify under the Act are deductible for any given year if they are contributed in that year or within 60 days after the end of that year and the total does not exceed the individual’s contribution room for that year.
Childcare expenses subject to certain limitations if they were incurred to allow the taxpayer and spouse to work, carry on business, attend school full-time or part-time, or to carry on grant-funded research. In general, the lower net income including zero income spouse must claim the childcare expense.
Interest, carrying charges, and investment counsel fees related to the earning of taxable investment income. Non-reimbursed moving expenses to and from a qualifying relocation within Canada.
Child support payments paid under a pre-1 May written agreement or court order. Periodic alimony payments made to a former spouse pursuant to a court order or written agreement. Tax reimbursement methods What are the tax reimbursement methods generally used by employers in Canada? The following are the usual methods of recognizing tax reimbursements paid by the employer: current-year gross-up current-year reimbursement 1-year rollover.
There are three possible ways to calculate the instalment amounts: The first method is to have the total instalments, paid in four equal payments, equal the taxes that are estimated will be owing for the year on sources of income not subject to withholding tax at source that is, equal to the expected balance due amount at the end of the current year.
The third method is to have the March and June instalments equal to the total tax owing after source withholdings for the second prior year. The September and December instalments then have to make up the difference so that the total instalments paid for the year equal the amount determined in method two. General tax credits What are the general tax credits that may be claimed in Canada? Non-residents may only claim general tax credits for the following items, if relevant, unless 90 percent or more of their net income for the relevant calendar year is subject to Canadian income tax: Canada Pension Plan CPP or Quebec Pension Plan QPP contributions Employment Insurance premiums Donations made to a Canadian registered charity.
Sample tax calculation This calculation assumes a married taxpayer resident in Ontario, Canada with two minor children whose 3-year assignment begins 1 January and ends 31 December Other assumptions All earned income is attributable to local sources. Bonuses are paid at the end of each tax year and accrue evenly throughout the year. The employee pays all of the operating expenses for the automobile. The employee is a resident in Canada throughout the assignment.
Tax treaties and totalization agreements are ignored for the purpose of this calculation. Spouse has no income. Moving reimbursements are of the nature that they are considered non-taxable in Canada. Calculation of taxable income Year-ended CAD CAD CAD Days in Canada during year Earned income subject to income tax Salary , , , Bonus 30, 30, 30, Cost-of-living allowance 10, 10, 10, Housing allowance 12, 12, 12, Company car 6, 6, 6, Moving expense reimbursemen1 0 0 0 Home leave 0 5, 0 Education allowance 3, 3, 3, Total earned income , , , Investment income 6, 6, 6, Total income , , , Deductions 0 0 0 Total taxable income , , , Calculation of tax liability Taxable income as above , , , Canadian income tax federal and provincial thereon 86, 88, 85, Less: Non-refundable tax credits 5, 5, 5, Total Canadian income tax 81, 83, 79, Employee contribution to Canada Pension Plan CPP 2, 2, 3, Employee contribution to Employment Insurance EI Special considerations for short-term assignments.
Residency rules Payroll considerations Taxable income Additional considerations For the purposes of this publication, a short-term assignment is defined as an assignment that lasts for less than 1 year. Residency rules Are there special residency considerations for short-term assignments? Payroll considerations Are there special payroll considerations for short-term assignments? Taxable income What income will be taxed during short-term assignments?
Certain conditions must be met to qualify for excluding benefits based on the special work site rules. These conditions include the following. The individual is required to work at a special work site on a temporary basis see commentary below. The residence must be too far from the special work site for daily commuting. The individual is required to be away from their ordinary residence, or at the special work site, for at least 36 hours. Additional considerations Are there any additional considerations that should be considered before initiating a short- term assignment in Canada?
Employees should obtain proper work permits and immigration clearance before working in Canada. Other taxes and levies.
There is no wealth tax in Canada. Real estate tax Are there real estate taxes in Canada? Unemployment tax Are there unemployment taxes in Canada? Other taxes Are there additional taxes in Canada that may be relevant to the general assignee? Other Canadian taxes that may apply are described in the following paragraphs. Provincial Health Premiums Although these are not actual income taxes, the province of Ontario and the Northwest Territories and the Territory of Nunavut levy provincial health premiums on the income of individuals who are subject to income tax in those jurisdictions.
The Ontario Employer Health Tax annual rates vary from 0. For Manitoba, the first CAD1. Effective from 1 January onwards, the first CAD1. Business Visitor Visa Applications Processed at a Canadian Visa Office Abroad Assessment call with foreign national to determine strategy Gather documents from foreign national for business visitor visa application Prepare business visitor visa application 5 days Submit business visitor visa application at the Canadian Visa Office Abroad processing times vary Business Visitor Visa Applications Processed at the Port of Entry Assessment call with foreign national to determine strategy Gather documents from foreign national for business visitor visa application Prepare work permit application 5 days Submit business visitor visa application at the Port of Entry — This is typically processed immediately; however due to COVID, foreign nationals submitting a visitor visa application at the Port of Entry may be subject to additional delays.
However, on September 7, border restrictions have been loosened to allow foreign nationals to travel to Canada for business visits. Long-Term Assignments What are the main work permit categories for long-term assignments to Canada?
Quarantine Requirements Fully vaccinated travelers who meet the following requirements are not required to complete a day quarantine period: Have received the full dose of a COVID vaccine that is approved in Canada. The list of approved vaccines can be found here. The full dosage must have been received at least 14 days prior to travel. Vaccination record must be provided in English or French or in another language accompanied by a certified translation.
Fully Vaccinated Travelers — Pre-Arrival All travelers five years of age or older, regardless of vaccination status, are required to test negative for COVID before travelling from another country to Canada. ArriveCAN App All travelers, whether entering Canada by land or air, are required to submit their travel and contact information, including a suitable quarantine plan and proof of vaccination if applicable electronically via ArriveCAN before crossing the border or boarding a flight.
Applying for a Work Permit at a Visa Office vs. Port of Entry When COVID began, foreign nationals requiring a work permit, whether they require a visa or not, could not board a plane departing from any country other than the United States if they do not have a valid work permit or a letter of introduction, which indicates that their application for a work permit has been approved.
Work Permits Processed at a Canadian Visa Office Abroad Gather documents Undergo a medical examination from a panel physician if required Obtain police certificates if required Submit work permit application to a Canadian Visa Office processing times vary , while high-skilled applications have typically been processed in 2 weeks in 80 percent of cases in the past, these applications are now subject to longer processing times due to COVID Attend in-person at a local Visa Application Center to provide biometrics data fingerprints and photograph Submit passport to the Visa Office for visa issuance Travel to Canada and obtain Work Permit document at the port of entry Work Permits Processed at the Port of Entry Gather documents Undergo a medical examination from a panel physician if required Obtain police certificates if required Submit work permit application in person at the Port of Entry processed immediately ; however, subject to additional delays due to COVID Provide biometrics data fingerprints and photograph in person at the port of entry Work Permit document issued immediately Depending on the work permit type, the maximum validity is 3 years with the possibility of renewing the permit.
COVID Considerations: Visitors who are currently in Canada since August 24, , have remained in Canada, and have a valid job offer can apply for an employer-specific work permit. To be eligible, a foreign national must: have valid status in Canada as a visitor on the day they apply; have remained in Canada with valid status; have a job offer; submit an application for an employer-specific work permit that is supported by a Labour Market Impact Assessment LMIA or an LMIA-exempt offer of employment, no later than March 31, ; and meet all other standard admissibility criteria.
Is it possible to renew work and residence permits? Power to make regulations 48 1 The Lieutenant Governor in Council may make regulations referred to in section 41 of the Interpretation Act. Application of federal provisions — debts to Her Majesty 49 1 Section of the federal Act applies for the purposes of this Act. Application of federal provisions — certificates 50 1 Section 2 to 4 of the federal Act applies for the purposes of this Act.
Warrant 51 1 The minister may issue a warrant, directed to the sheriff of any county or district in which any property of the taxpayer is located, for the amount of the tax, interest and penalty, or any of them, owing by the taxpayer, together with interest from the date of the issue of the warrant and the costs, expenses and poundage of the sheriff.
Application of federal provisions — acquisition of debtor’s property 52 Section Application of federal provisions — payment of money seized from tax debtor 53 Section Application of federal provisions — seizure of goods 54 Section of the federal Act applies for the purposes of this Act.
Application of federal provisions — taxpayer leaving Canada or defaulting 55 Section of the federal Act applies for the purposes of this Act. Application of federal provisions — withholding taxes 56 1 Sections 1 , 1. Application of federal provisions — liability of directors 57 Section Books and records 58 1 A person carrying on business in British Columbia and a person who is required under this Act to pay or collect taxes or other amounts must keep records and books of account, including an annual inventory kept in the manner specified by the minister, at the person’s place of business or residence in Canada or at any other place that may be designated by the minister, in the form and including the information that will enable the taxes payable under this Act or the taxes or other amounts that should have been deducted, withheld or collected to be determined.
Application of federal provisions — inspections, privilege, information returns and corporate execution 59 Sections to Repealed 60 [Repealed Offence and penalty 61 1 A person who fails to file a return as and when required by or under this Act or a regulation, or by or under a provision of the federal Act or of the federal regulations, as that provision applies for the purposes of this Act, or who fails to comply with any of sections 1 , 5 , 3 , 4 and 6 , to Application of federal provisions — further offences 62 Section 1 and 1.
Powers of federal minister 63 If a collection agreement is entered into and proceedings under section or of the federal Act are taken against any person, the federal minister may take or refrain from any action against the person contemplated by section 61 or 62 of this Act, as the case may be. Communication of information and related offences 64 1 In this section: “authorized person” means a person who is engaged or employed, or who was formerly engaged or employed, by or on behalf of the government of British Columbia to assist in carrying out the provisions of this Act; “designated person” has the same meaning as in section 10 of the federal Act; “official” means any person a who is employed in the service of, who occupies a position of responsibility in the service of, or who is engaged by or on behalf of the government of British Columbia, another province or Canada, or b who was formerly so employed or formerly occupied such a position or was formerly so engaged, and, for the purposes of subsections 2 and 3 , the portion of subsection 5 before paragraph a and section 5 of the federal Act as applied by this section, “official” includes a designated person; “police officer” means a police officer as defined in section Information-sharing agreements 65 1 In this section, “information-sharing agreement” means an agreement or arrangement to exchange, by electronic data transmission, electronic data matching or any other means, a information for a purpose referred to in section 64 5 , or b information referred to in section Application of federal provisions — liability of officer or agent of corporation 66 Section of the federal Act applies for the purposes of this Act.
Application of federal provisions — restriction on power of court 67 Section of the federal Act applies for the purposes of this Act. Procedure and evidence 68 1 Section 1 to 5 , 7 to 11 , 13 to 17 and 20 of the federal Act applies for the purposes of this Act. Anti-avoidance rule Reportable transactions Collection agreement 69 1 The finance minister, with the approval of the Lieutenant Governor in Council, may, on behalf of the government of British Columbia, enter into a collection agreement with the government of Canada under which the government of Canada will collect taxes payable under this Act on behalf of British Columbia and will make payments to British Columbia for the taxes collected, under the terms and conditions of the collection agreement.
Payments on account 70 1 A collection agreement may provide that if any payment is received by the federal minister on account of tax payable by a taxpayer for a taxation year under this Act, the federal Act or an income tax statute of another agreeing province, or under any 2 or more of those statutes, the payment received may be applied by the federal minister toward the tax payable by the taxpayer under any of the statutes in the manner specified in the agreement, even though the taxpayer directed that the payment be applied in any other manner or made no direction for its application.
No action against persons withholding tax 71 If a collection agreement is in effect and an amount is remitted to the Receiver General for Canada under section 1 of the federal Act, as it applies for the purposes of this Act, on account of the tax of an individual who is resident on the last day of the taxation year in another agreeing province, a no action lies for recovery of the amount by that individual, and b the amount may not be applied in discharge of any liability of that individual under this Act.
Relief of taxpayer 72 1 If a collection agreement is entered into, an individual resident in British Columbia on the last day of the taxation year is not required to remit any amount on account of tax payable by the individual under this Act for the taxation year to the extent of the amount deducted or withheld on account of the individual’s tax for that year under the income tax statute of another agreeing province.
Non-agreeing provinces 73 1 In this section: “adjusting payment” means a payment, calculated under this section, made by or on the direction of British Columbia to a non-agreeing province; “amount deducted or withheld” does not include any refund made in respect of that amount; “non-agreeing province” means a province that is not an agreeing province.
Enforcement of judgments 74 1 Despite the Court Order Enforcement Act , if a collection agreement is entered into, a judgment of a superior court of an agreeing province under that province’s income tax statute, including any certificate registered in that superior court in a manner similar to that provided in section 3 of the federal Act, as it applies for the purposes of this Act, may be enforced in the manner provided in section of the federal Act, as it applies for the purposes of this Act, by registering a copy of the judgment or certificate, certified by the registrar of the proper superior court.
Appointments 75 There may be appointed in the ministry, under the Public Service Act , a Commissioner of Income Tax, together with those officers, clerks and employees considered necessary for the administration of this Act. Delegation of powers 76 1 The deputy head, with the approval of the minister, may authorize the Commissioner of Income Tax or any other officer of the ministry to perform and exercise duties imposed and powers conferred by this Act on the deputy head as may in his or her opinion be conveniently performed or exercised by that officer.
Duty of officers of government to provide information 77 All commissioners and other officers, clerks, and sub-agents of the Ministry of Agriculture and Lands throughout British Columbia, the registrars of titles, government agents, mining recorders, gold commissioners and other officers or agents of the government of British Columbia must, on the written request of the deputy head or other authorized officer, provide him or her without charge with the information he or she considers necessary for the purposes of this Act.
Timber harvest information British Columbia Assessment Authority must provide information Costs and expenses 78 The costs and expenses incurred for the purposes of this Act must, in the absence of any special appropriation of the Legislature available for that purpose, be paid out of the consolidated revenue fund. Basic tax credit 80 1 A corporation is eligible for a basic tax credit for a taxation year in respect of an eligible production if a principal photography of the production begins i before the end of the taxation year, and ii after March 31, , iii [Repealed Scriptwriting tax credit Regional tax credit if principal photography begins after March 31, Distant location regional tax credit Digital animation, visual effects and post-production tax credit Film training tax credit 82 1 A corporation is eligible for a film training tax credit for a taxation year in respect of an eligible production if a the corporation is eligible for, and has made or is making an application in accordance with section 85 for, a tax credit in relation to the production under one or both of sections 80 and 81, b one or more BC-based individuals are participating as trainees in an approved training program in relation to the production, c the corporation has obtained a valid eligibility certificate issued to it under section 86 in respect of the production and the claimed tax credit, and d the corporation makes application for the film training tax credit in accordance with section Production services tax credit Regional production services tax credit Distant location production services tax credit Digital animation, visual effects and post-production services tax credit No credit available if section 17 deduction made 83 A corporation that has made a deduction in accordance with section 17 for a taxation year must not claim a tax credit under this Part for the same taxation year.
May not claim both accredited production and eligible production credits Deemed payment 84 A corporation that has claimed and is eligible for a tax credit under this Part for a taxation year is deemed to have paid, at the time referred to in section 1 b of the federal Act, as that section relates to that taxation year, the amount of that credit on account of its tax payable under this Act.
Notice of intention to claim production services tax credit Application for tax credit 85 1 A corporation that wishes to claim a tax credit under this Part in respect of a taxation year must file the following with its return of income under section 29 for that taxation year: a in the case of a claim for a tax credit under sections 80 to 82, i the eligibility certificate issued to the corporation under section 86 that is appropriate to A the tax credit, and B the film or video production in respect of which the claim is made, and ii if the tax credit is claimed in respect of the taxation year in which the production is completed, the completion certificate issued to the corporation in respect of the production under section 87; b in the case of a claim for a tax credit under sections Eligibility certificate 86 1 A corporation that wishes to claim one or more of the tax credits referred to in sections 80 to 82 in respect of a film or video production must apply to the certifying authority for an eligibility certificate.
Completion certificate 87 1 A corporation that has claimed or intends to claim a tax credit under sections 80 to 82 in respect of a film or video production must apply to the certifying authority for a completion certificate promptly after the completion of the production. Accreditation certificate Amendments to certificates When notice deemed not to have been given Revocation of certificates 88 1 A certificate may be revoked by the certifying authority, the Commissioner of Income Tax or the minister if, a in the case of a certificate issued under section 86, 87 or Notice of refusal or revocation 89 1 If the certifying authority refuses to issue a certificate for which application is made under section 86, 87 or Recovery of debt 91 1 Without limiting any provision of this Act or the federal Act, for the purpose of recovering a debt due to the Provincial government under this Part, the Commissioner of Income Tax may a issue a certificate stating i that the amount is due, ii the amount remaining unpaid, including interest, and iii the name of the person required to pay it, and b file the certificate with the Supreme Court.
Reconsiderations and certification appeals 92 1 Any decision or determination made under this Part by or on behalf of the certifying authority or the minister or any decision or determination made under section Powers of audit 93 Without limiting any provision of this Act or the federal Act, for the purpose of determining whether a corporation is eligible for a tax credit under this Part, the Commissioner of Income Tax has powers equivalent to the federal minister under sections 3 , , Minister and Commissioner may require information regarding certificates 94 1 The minister is entitled to obtain a from the certifying authority and the Commissioner of Income Tax any information required by the minister respecting determinations made by the certifying authority or the Commissioner of Income Tax, as applicable, under section Collection and sharing of information 95 1 The certifying authority or the Provincial minister may designate any person or body as an advisory body for the purposes of this Part.
Power to make regulations 96 1 The Lieutenant Governor in Council may make regulations referred to in section 41 of the Interpretation Act. Interpretation — taxation year of partnerships Non-refundable tax credit available 99 1 [Repealed Credit amount in respect of a partnership Renunciation of tax credit 1 A corporation may renounce all or part of the annual non-refundable tax credit under section 99 3. Amalgamations and wind ups 1 If, after August 31, , 2 or more corporations amalgamate within the meaning of section 87 1 of the federal Act, the new corporation is deemed, for the purposes of this Part, to be the continuation of each of its predecessor corporations.
No credit available if section 17 deduction made A corporation that has made a deduction in accordance with section 17 for a taxation year may not claim or deduct a tax credit under this Part for the same taxation year.
Recapture of tax credit corporations Recapture of amounts — partnership Recapture rules do not apply to specified non-arm’s length transfers Recapture of tax credit from non-arm’s length purchasers — corporations Recapture of amounts from non-arm’s length purchasers — partnerships Recapture of tax credit by corporation in respect of a partnership Recapture of amounts — tiered partnership Filing requirements 1 A qualifying corporation that wishes to claim a tax credit under this Part in respect of a taxation year must file, with the return of income filed by the corporation under section 29 for that taxation year, an application for the tax credit in the form, and containing the information, required by the Commissioner of Income Tax.
Non-refundable tax credit available 1 Subject to section , a qualifying corporation may deduct from its tax otherwise payable under this Act for a taxation year ending after March 31, an amount not exceeding the smaller of a its BC manufacturing and processing tax credit at the end of the taxation year calculated in accordance with subsection 2 of this section, and b the tax otherwise payable by it under this Act for the taxation year.
Partnerships 1 If, in a particular taxation year of a qualifying corporation that is a member of a partnership, an amount would, if the partnership were a qualifying corporation, be determined in respect of the partnership under section 2 a , c or e for a taxation year ending in the particular taxation year, the appropriate portion of that amount must be added in computing the corporation’s tax credit under this Part at the end of that particular taxation year.
Renunciation of tax credit 1 On or before the date by which a qualifying corporation is required under section 29 to file its return of income for a taxation year, the corporation may renounce all or part of the tax credit with respect to a qualified property acquired by the corporation in the taxation year.
Amalgamations and wind ups 1 If a new corporation is formed by the amalgamation of 2 or more corporations, the new corporation is deemed to be the same corporation as, and a continuation of, each of its predecessor corporations for the purposes of applying this Part to the new corporation, except that this provision does not affect the determination of the tax payable by any predecessor corporation.
No credit available for year in which section 17 deduction made A corporation that has made a deduction in accordance with section 17 for a taxation year may not add any amount under section 2 a to e in respect of that taxation year. Book publishing tax credit 1 A corporation is eligible for the book publishing tax credit for a taxation year ending after September 30, if a the corporation is, throughout the taxation year in respect of which the tax credit is being claimed, a BC book publishing corporation, b the corporation received a CBF contribution in the taxation year in respect of which the tax credit is being claimed, and c the corporation applies for the tax credit in accordance with section Deemed payment A corporation that has claimed and is eligible for a tax credit under this Part for a taxation year is deemed to have paid, at the time referred to in section 1 b of the federal Act, as that section relates to that taxation year, the amount of that credit on account of its tax payable under this Act.
Filing requirements 1 An eligible corporation that wishes to claim a tax credit under this Part in respect of a taxation year must file, with the return of income filed by the corporation under section 29 for that taxation year, an application for the tax credit in the form, and containing the information, required by the Commissioner of Income Tax.
Power to make regulations Regulations made for the purposes of this Part may be made retroactive to a date on or after October 1, and if made retroactively are deemed to have come into force on the date specified in the regulation. Application of this Division This Division applies to taxation years beginning after December 31, and ending before January 1, Basic tax credit for individuals 1 This section applies to an individual for a taxation year if the individual meets the following requirements: a the individual was resident in British Columbia at the end of December 31 of the taxation year; b the individual was registered in an eligible recognized program, other than an ineligible program, in the taxation year; c the individual completed, in the taxation year, the level 1 requirements or the level 2 requirements for the program referred to in paragraph b ; d any other prescribed requirements.
Completion tax credit for individuals 1 This section applies to an individual for a taxation year if the individual a was resident in British Columbia at the end of December 31 of the taxation year, b was registered in an eligible training program in the taxation year, c completed, in the taxation year, the level 3 requirements or the level 4 or higher requirements for the eligible training program, and d meets any other prescribed requirements.
Certification tax credit for individuals Enhanced tax credit for individuals 1 This section applies to an individual for a taxation year if a the individual i may claim a tax credit under section , or Definition for this Division In this Division, “applicable period” means the period beginning on January 1, and ending on December 31, Basic tax credit for employers 1 In this section: “eligible period” , in relation to an employee employed by an eligible employer in a taxation year of the eligible employer, means that part of the taxation year that a is within 24 months after the date the employee entered into the industry training agreement, and b is in the applicable period; “employee” means an individual who is registered in an eligible recognized program.
Completion tax credit for employers 1 In this section: “completion date” , in respect of an employee, means the date on which the employee completed the level 3 requirements or the level 4 or higher requirements for an eligible training program; “eligible period” , in relation to an employee completing the level 3 requirements or the level 4 or higher requirements for an eligible training program, means the period that a ends at any time in the month that includes the employee’s completion date for that level, b does not exceed 12 months, and c begins no earlier than January 1, ; “employee” means an individual who is registered in an eligible training program.
Enhanced tax credit for employers 1 In this section, “employee” means an employee, as defined in section or , who a is entitled to a deduction under section Enhanced tax credit for employers — eligible apprentice No credits for eligible industry employer Restrictions on credits: multiple employers 1 If 2 or more eligible employers who are not dealing with each other at arm’s length may claim a tax credit under this Division for a particular period in respect of an employee, the total of all amounts claimed under this Division may not exceed the maximum amount that would be claimed under this Division for the particular period by any one of those eligible employers for that employee if that eligible employer were the only employer entitled to claim a tax credit under this Division for the particular period.
Restrictions on credits: partnership 1 If in a taxation year an eligible employer is a member of a partnership, other than a specified member, as defined in section 1 of the federal Act, the eligible employer may claim a tax credit under section , , or Definitions for this Division Basic tax credit for eligible industry employers Completion tax credit for eligible industry employers Enhanced tax credit for eligible industry employers Please note at this time audio cannot be sent electronically.
Further to the conclusion of the hearing, you will either receive an oral decision on the same day or at a later date. In any event, you will receive an official copy of the judgment by registered mail. Within 30 days after pronouncement of decision in the calculation of which July and August shall be excluded. An Order with respect to an Application for a postponement of a period of suspension of authority to issue tax receipts under s.
Within any further time that a judge of the Federal Court of Appeal may fix or allow before or after the end of those 30 days. A motion to have the order of dismissal set aside and the appeal set down for hearing must be filed in the Tax Court of Canada.
Within any further time that a judge of the Federal Court of Appeal may fix or allow before or after the end of those 10 or 30 days, as the case may be.
A subpoena legally requires a person to attend the hearing and to bring documents if any specified by you.
According to the Tax Court of Canada’s rules, witnesses who have been served with subpoenas are entitled to a set fee per day, plus reasonable and proper transportation and living expenses, which you must pay. You must serve the subpoenas on your witnesses and will require proof of service if they fail to appear. Except in camera hearings and settlement conferences or when otherwise directed by the Court.
If you are submitting an application for extension of time to object under the ITA, you will need to attach a copy of your application to the Minister and a copy of his decision as per subsection If you are submitting an application for extension of time to object under the ETA GST , you will need to attach a copy of your application to the Minister and a copy of the notice of objection or a copy of the request, as the case may be, as per subsection 2 of the ETA.
Home Get Started. Starting your file and representing yourself in Court. Representing Myself at the Tax Court of Canada. Where a party to a proceeding is not an individual, that party shall be represented by counsel except with leave of the Court and on any conditions that it may determine. Unless the Court orders otherwise, a person who is the representative of a party under a legal disability in a proceeding shall be represented by counsel, except where that person is also counsel acting in such a capacity.
Registry staff are able : To inform you about what forms you may need to use and provide you with information to assist in filling out some of the forms. To provide you with copies of applicable Court forms. Please note that these forms are not forms with blanks to be filled out, but rather only indicate the standard format, wording and information that must appear in your document.
Court lists and information on how to get a case set down for hearing. Registry staff are not able : to give you legal advice. It is strongly suggested that you seek legal advice before commencing a proceeding. Informal and General Procedures. Informal Procedure The Informal Procedure is intended to minimize and simplify the legal steps involved in the appeal process.
General Procedure The General Procedure is more formal in its procedures and legal steps. Tell us your story. Question 1 Which notice have you received from the Canada Revenue Agency? Question 3 Have you filed a notice of objection with the CRA? Question 4 Have you received a reassessment, a confirmation or a determination further to your objection?
Question 4. You can file a Notice of Appeal. What Happens after Filing the First Document. The Respondent may file a response to the Application for extension of time. How to Calculate Deadlines.
Statutory deadlines to file an appeal Appeals under the Income Tax Act and under the Excise Tax Act If you received a notice of reassessment, a notice of confirmation or a notice of determination, you can appeal this assessment or determination at the Court.
Calculating deadlines in days When a document is to be served or filed within a time after, from of or before a specified day, the time does not include that day. Winter holiday period Except where a contrary intention appears: Under the informal procedure , the period beginning on December 21 in any year and ending on January 7 of the next year shall be excluded when counting days only for the purpose of the following steps: The Minister filing a reply to the notice of appeal; The Tax Court of Canada fixing a date of hearing; The Tax Court of Canada rendering the decision.
Federal and provincial holidays When a deadline to file a document or do something falls on Saturday or a federal holiday, the deadline is extended to the following day that is not Saturday or a federal holiday. Examples Example 1: You are appealing an assessment issued under the Income Tax Act under the informal procedure.
Example 2: You are appealing a notice of confirmation issued under the Income Tax Act under the general procedure. Example 3: You are filing an answer to the reply of the Minister under the General Procedure. Example 4: You are appealing a decision issued under the Employment Insurance Act. Example 5: You want to know when to expect the reply from the Minister under the informal procedure. Ways to Resolve my Appeal.
Practice Note 21 states the following: Settlement conferences will not be scheduled unless parties to the litigation have confirmed that a written offer of settlement has been made and that a written reply has been provided. Both parties must be present at all times during the settlement conference.
Parties to the settlement conference must ensure that a representative with full authority to settle the appeal is present at all times.
The Court may award costs against a party where it deems the conduct of that party to have impeded on the efficient functioning of the settlement conference. My Day in Court. Preparing for your day in court is crucial. It starts well before the actual hearing day. Day in Court video. Court date. Translators, interpreters or special needs. Presentation of documents in Court. Your hearing will involve several participants, including: the judge, who controls the proceedings during the hearing; the court registrar, who will record the proceedings, administer oaths and record exhibits.
You may purchase a copy of the transcript of the proceedings from the reporting firm. However, transcripts of oral reasons for judgments must first be requested by the Tax Court of Canada and will then be available to the parties if so requested; witnesses, if any; yourself and your lawyer or agent, if any; counsel for the respondent, who is a lawyer representing the other party in your appeal and; a court interpreter, if one is requested and; members of the public who are permitted to attend most hearings.
Here is an example of what the courtroom looks like. Dress code. Normal business attire is recommended for court appearances. Behaviour in Court. When the proceedings begin, the court registrar enters the courtroom followed by the judge, at which point everyone rises. The court registrar declares the sitting open, asks everyone to be seated and announces the first case.
In most instances, the appellant is asked to present his or her case first. Ang mga serbisyo sa pagsasalin ng wika ay makukuha sa karamihang wika. Tumawag sa amin para sa tulong sa inyong wika. The speculation and vacancy tax is designed to turn empty homes into housing for British Columbians, and ensure foreign owners and those with primarily foreign income contribute fairly to B.
Residential property owners in the designated taxable regions must complete an annual declaration for the speculation and vacancy tax. Generally, a British Columbian owner is exempt from the tax if the home is their principal residence. The speculation and vacancy tax is due on the first business day in July July 4 in However, you can pay the tax anytime after you receive a Notice of Assessment in the mail, which will show the amount of speculation and vacancy tax you owe.
After you declare, a Notice of Assessment will be generated and mailed to you if you owe the tax. When we determine you owe an amount under the speculation and vacancy tax, we send you a notice detailing the amount owing and how to pay it. This may happen as a result of your declaration or from an audit. If you received a Notice of Assessment for the speculation and vacancy tax and believe an error was made you have several options to get help.
Anyone who has to declare for the speculation and vacancy tax may be audited.
