{"id":1331,"date":"2014-11-24T16:51:44","date_gmt":"2014-11-24T16:51:44","guid":{"rendered":"https:\/\/thor.ca\/\/blog\/?p=1331"},"modified":"2014-11-24T16:51:44","modified_gmt":"2014-11-24T16:51:44","slug":"cra-says-threshold-for-business-is-extremely-low","status":"publish","type":"post","link":"https:\/\/www.thor.ca\/blog\/2014\/11\/cra-says-threshold-for-business-is-extremely-low\/","title":{"rendered":"CRA says threshold for business is extremely low"},"content":{"rendered":"<p>In <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2014\/11\/2014-0536581I7.pdf\">2014-0536581I7<\/a>, the CRA was asked why the so-called fresh start rule for foreign affiliates (s. 95(2)(k) &amp; (k.1)) applies only to income from a foreign affiliate\u2019s <em>business<\/em> and not to the affiliate\u2019s income from property.\u00a0 In response, the CRA said that \u201cthe threshold amount of activity that is required to cause any corporation (including a FA) to be considered to be carrying on business is extremely low\u201d.\u00a0 This general principle (among others) will be discussed at the upcoming annual conference of the Canadian Tax Foundation in Vancouver on December 1, 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2014\/11\/2014-0536581I7.pdf\">2014-0536581I7<\/a>, the CRA was asked why the so-called fresh start rule for foreign affiliates (s. 95(2)(k) &amp; (k.1)) applies only to income from a foreign affiliate\u2019s <em>business<\/em> and not to the affiliate\u2019s income from property.\u00a0 In response, the&hellip;<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1331","post","type-post","status-publish","format-standard","hentry","category-corporate-tax"],"_links":{"self":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/1331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/comments?post=1331"}],"version-history":[{"count":0,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/1331\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/media?parent=1331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/categories?post=1331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/tags?post=1331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}