Appropriation or benefit from use of property S. 5 Office or employment S. 15(1) Conferred benefit S. 69(4) Shareholder appropriations S. 80.4 interest benefit S. 84 Deemed Benefit S.84.1 Non arms length / connected T4015 Deemed dividends S. 84 & 15(3) Loan forgiven S.15(1.2) Forgiveness of shareholder debt Automobile available to shareholder S.15(5),(7) Automobile benefit S. 6(1), (1.1),(2) & (7) apply  Capital Dividends T2054 Election on Capital dividend S. 83(2) Deemed Disposition of Shares S. 84(9) Deemed disposition of share to corp Reorganization S. 86(1) Exchange / Reorganization Capital Gains Deduction Line 254 CGD Rolling property to a corporation T2057 Election S. 85 Rollovers IT 291 T2Sch44 Non Arms Length Transactions Elections on disposition of property See T2055 to T2061A Elections on disposition of property Share for Share Exchange S.85.1 Share for share exchange Shareholder Debt S.15(2) Shareholder indebted Repayment of shareholder loan S.20(1)(j) Persons Connected S. 15(2.1) & 80.4(8) ACB of shares S.53(1)(d.3) Expense incurred by taxpayer, in respect of land or building of corporation if not deductible by taxpayer re S. 18(2) or (3.1) Wind ups and Amalgamations S.87 Amalgamation S.88 Windup Shareholder Agreements / Criss Cross Insurance Law Society of BC Checklist Due Diligence Small Business:Canada About.com Corporations Corporate instalments CRA E-Services GST/HST Keeping records Video on keeping proper records (2010) Worksafe BC Management Fees S.67 See Also PITA discussion about mgmt fees S.248 Employee definition Personal Services Business Schedule 14 T2 An owner can take a management fee. On any given fact situation the CRA might say (and could be correct) that the owner is an employee, not an external consultant, but that's not always the case. See PITA Notes to S. 67, 248(1)definition of "employee" and 125(7)"personal services business".  S.212(1)(a) & (4) Remuneration of Shareholders Remuneration subject to tax Benefits & allowances RC4110 Employee or Self-employed? CPP/EI Rulings Non residents who are paid for services Payroll Line 229 Other employment expenses Other pages with related information Dividends: T5's Employers, Employees & Shareholders

 

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