In this case, $1050 is the maximum non-taxable reimbursement amount you can issue to your employee who drove 1,500 kilometers in a tax year. What Was The CRA Mileage Rate In 2023? The CRA mileage rate in 2023 was, on average, 2¢ lower. It was set at the following rates...
foreign currency exchange rate fluctuations; unanticipated expenses and liabilities; risks inherent in international operations; changes in tax law or accounting standards, rules, and regulations; our ability to collect on forgivable loans should any become due; and professional and other legal...
Tax withholding payments reimbursed by shares (2,040 ) (1,002 ) Cash dividends paid (7,773 ) (6,860 ) Repurchase of common stock (23,577 ) (27,630 ) Net cash provided by (used in) financing activities (1,390 ) 9,260 Effect of foreign exchange rates on cash a...
Non-business income tax paid to a foreign country does not include tax that can reasonably be attributed to an amount that: • any other person or partnership has received, or is entitled to receive from the foreign country • relates to taxable capital gains from that country, and you ...
She took back 99 shares in the holdco for which she paid $99. He rolled his operating company shares in the holdco and took back special shares of another class. It is not known how much those operating company shares were worth, but my guess is at least $300,000.HANK BULMASH...
of various foreign countries receive in the appendix of Information Circular 76-12, Applicable rate of Part XIII tax on amounts paid or credited to persons in countries with which Canada has a tax convention. •Report the amount of tax payable on an NR4 Summary, Return of Amounts Paid or...
It is easy for the KM to garner enough money to elect anyone they want, because when you control a bank that is a secret major counterfeiter, you have all the money made for you that you desire. At about the same time that they created their illegal tax system in America, they also...
in January 2011.]]>Lyne M. Gaulin
foreign holding company as an investment/financing vehicle and provide considerable comfort concerning the tax effectiveness of such structures. Click here for prior coverage of Prévost Car Inc. Background – Domestic Tax ...
OTTAWA –The Canada Revenue Agency and Shopify have been deadlocked in a year-long court battle as new court filings detail the broad scope of the data the tax agency wants to pry from the e-commerce company about its customers to check if they’ve paid all their taxes. The new documents...