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ID Form 709: What You Should Know
I have made gifts through my business. When I make a gift to a company does it qualify for GST tax-free treatment? If a gift recipient dies, how do I obtain a replacement? How are gifts considered to be income for GST tax purposes? What is the correct form to report gift-tax gifts? How and where does a gift tax deduction or credit (also known as the gift tax credit) apply in Canada? What is the definition of a recipient of a gift under Canadian law? I have a gift to buy new equipment that I use in a farming business.
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