Canadian Tax Highlights Recent Changes Roundup Y2K computer costs.
Special rules apply to corporate groups and partnerships with corporate members.
A loan is not a gift. This change is in line with Revenue's policy that a taxpayer making an interest-free loan to a registered charity is not making a gift of a fair market rate of interest. This approach is similar to that suggested for contributions of services in IT-110R3. The project is open to those who used commercial software to prepare their own 1998 returns and then filed a computer-generated paper return. Eligible taxpayers will receive an invitation to use the new filing option.