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29 Cards in this Set
- Front
- Back
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Subdivision B |
INCOME OR LOSS FROM PROPERTY |
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12(1)(c) |
Interest |
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12(3) |
corporations, and others, to include accrued interest as of and at the end of the fiscal year 249(1)(a) |
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12(4) |
individuals holding an investment contract to include accrued interest on ever anniversary day in income for each taxation year |
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12(11) |
anniversary day |
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12(4.1) |
impaired debt |
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20(1)(l)(ii) |
financial institutions applies |
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16(1)(a), (b) |
blended interest on bonds and amortizations on non-par bonds (interest and capital) |
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12(1)(k) |
non-resident corporations (taxable dividends) dividends received for taxation year |
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s.90 |
non-resident corporations (taxable dividends) non-resident tax withheld |
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12(1)(j) |
corporations resident in Canada (Taxable dividends) dividends received for taxation year |
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82(1)(a), (b) |
corporations resident in Canada (Taxable dividends) an added amount - gross-up 18% or 38% |
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s.121 |
dividend tax credit for individuals 13% or 20.7% of dividends paid |
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s.112 |
dividend deduction for corporations resident in Canada |
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12(1)(g) |
payments that are based on the use of or production from property owned |
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Reg.1100 (11-14) |
definition of rental property limits CCA on rental properties |
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Reg.1101(1ac) |
requires that each rental property, in excess of $50,000 be in a separate class |
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12(1)(o) |
specifically refers to payments to the crown or province for use of Canadian property |
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12(1)(f) |
insurance proceeds to be expended on damaged depreciable property |
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18(3) |
definitions: carrying charges vacant land |
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18(2) |
limits the deduction of carrying charges to the extent that gross revenues exceed all other expenses |
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53(1)(h) |
adds to the cost base of the land any non-deductible part of the carrying charges |
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18(2) |
limiting rules: land held as inventory |
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18(2)(f) |
allows the deduction of carrying charges in excess of the net revenues to the extent of the corporation's base level deduction or carrying charges |
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18(2.2) |
the base level deduction limit is the interest on $1,000,000 times the prescribed rate used for shareholder's loans |
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18(3.1)-(3.7) |
soft costs current expenses incurred during the period of construction, renovation or alteration of a building or related land |
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18(3.1) |
requires the capitalization of defined "soft costs" |
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18(3.1)(a) |
exempts CCA, landscaping, and disability related modifications to buildings expenses, i.e no capitalization |
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20(29) |
allows the deduction of "soft costs" from income, if any, from the rental of the building of the year |
