Export profits percentage means the percentage attained by dividing the total export income via the specified total profits.
a corporation that is certainly deemed to get a economic institution because it has elected to have certain taxable materials considered to be fiscal services
Passenger automobile refers to most autos, station wagons, vans, plus some pickup vans. It includes any motorized vehicle created or tailored to carry not in excess of the motive force and 8 passengers. It does not include an ambulance, hearse, taxi, motor vehicles held as inventory and vans and pickup vehicles which has a seating capacity of not more than a few people (including the driver) used mostly for your transportation of products in the middle of a business.
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Small-phrase accommodation means an accommodation device in Canada equipped By means of lease, licence or related arrangement as a location of lodging for someone who will occupy it continuously for the duration of fewer than one month Which costs over $20 per night time.
qualifying voting Manage in respect of the 2nd corporation is held by, and at the very least ninety% of the worth and number of the issued and superb shares, obtaining entire voting rights below all situations, with the capital stock of the second corporation That may be a member of a qualifying group of which The actual partnership is really a member are owned by, The actual corporation
Floating household means a structure that may be built up of the floating System in addition to a building that may be completely affixed to your floating here platform and that is meant to be occupied as a spot of residence for people.
diesel fuel, which includes any gas oil that is suitable to be used in internal combustion engines in the compression-ignition kind, other than fuel oil that is intended for and is definitely used as heating oil
Self-contained residence, for the needs from the GST/HST new residential rental property rebate, means both of the subsequent:
Sizeable renovation (with the purposes of latest housing rebates) – Big improvements have for being designed to meet the definition of a substantial renovation.
a residential device That may be a suite or home in a very hotel, a motel, an inn, a boarding residence or even a lodging house or inside of a residence for students, seniors, people today with a disability, or other people
within the case exactly where a province harmonizes its PST Along with the GST, the working day the province announces the day which the harmonization will consider effect, and if both equally ownership and possession of the house transfers to the purchaser under the arrangement on or after the effective day of the harmonization
Selected mentioned money establishment (SLFI) – A financial institution would generally be considered to generally be an SLFI all through a reporting interval in a fiscal year that ends in its tax calendar year if it is a detailed financial institution explained in any of subparagraphs 149(one)(a)(i) to (x) in the ETA at any time within the tax calendar year along with the money establishment fulfills one among the subsequent disorders:
Specified municipality means somebody selected from the Minister of National Profits being a municipality, but only in regard of actions specified in the designation that entail the making of supplies (in addition to taxable supplies) by the person of municipal services.