GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3 (a)
transfer pricing capital adjustment of a taxpayer for a taxation year means the total of (a) all amounts each of which is (i) 1/2 of the amount, if any, by which the adjusted cost base to the taxpayer of a capital property (other than a depreciable property) is reduced in the year because of an adjustment made under subsection (2.02), or (ii) [Repealed, 2016, c. 12, s. 62] (iii) the amount, if any, by which the capital cost to the taxpayer of a depreciable property is reduced in the year because of an adjustment made under subsection (2.02); and (b) all amounts each of which is that proportion of the total of (i) 1/2 of the amount, if any, by which the adjusted cost base to a partnership of a capital property (other than a depreciable property) is reduced in a fiscal period that ends in the year because of an adjustment made under subsection (2.02), and (ii) [Repealed, 2016, c. 12, s. 62] (iii) the amount, if any, by which the capital cost to a partnership of a depreciable property is reduced in the period because of an adjustment made under subsection (2.02), that (iv) the taxpayer’s share of the income or loss of the partnership for the period is of (v) the income or loss of the partnership for the period, and where the income and loss of the partnership are nil for the period, the income of the partnership for the period is deemed to be $1,000,000 for the purpose of determining a taxpayer’s share of the partnership’s income for the purpose of this definition. ( redressement de capital )
Income Tax Act — I-3.3
transfer pricing capital setoff adjustment of a taxpayer for a taxation year means the amount, if any, that would be the taxpayer’s transfer pricing capital adjustment for the year if the references, in the definition transfer pricing capital adjustment , to “reduced” were read as “increased”. ( redressement compensatoire de capital )
Income Tax Act — I-3.3 (a)
Transfer Pricing Guidelines means (a) if no text is prescribed under paragraph (b), the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations , as adopted by the Committee on Fiscal Affairs on January 7, 2022; or (b) any text prescribed by regulation. ( Principes applicables en matière de prix de transfert )
Income Tax Act — I-3.3
transfer pricing income adjustment of a taxpayer for a taxation year means the total of all amounts each of which is the amount, if any, by which an adjustment made under subsection (2.02) (other than an adjustment included in determining a transfer pricing capital adjustment of the taxpayer for a taxation year) would result in an increase in the taxpayer’s income for the year or a decrease in a loss of the taxpayer for the year from a source if that adjustment were the only adjustment made under subsection (2.02). ( redressement de revenu )
Income Tax Act — I-3.3
transfer pricing income setoff adjustment of a taxpayer for a taxation year means the total of all amounts each of which is the amount, if any, by which an adjustment made under subsection (2.02) (other than an adjustment included in determining a transfer pricing capital setoff adjustment of the taxpayer for a taxation year) would result in a decrease in the taxpayer’s income for the year or an increase in a loss of the taxpayer for the year from a source if that adjustment were the only adjustment made under subsection (2.02). ( redressement compensatoire de revenu )
Income Tax Act — I-3.3 248
, 47, 59, 65, 74; 1996, c. 21, s. 60; 1997, c. 25, s. 71; 1998, c. 19, ss. 66, 239; 1999, c. 22, s. 80; 2000, c. 12, ss. 139, 142, c. 19, s. 67; 2001, c. 17, ss. 188, 230; 2002, c. 9, s. 44; 2003, c. 15, s. 88, c. 28, s. 18; 2005, c. 30, s. 17; 2007, c. 2, s. 52, c. 29, s. 28, c. 35, ss. 65, 68, 123; 2008, c. 28, s. 34; 2009, c. 2, s. 76; 2010, c. 12, ss. 22, 2109, c. 25, s. 69; 2011, c. 24, s. 72; 2012, c. 31, s. 55; 2013, c. 34, ss. 167, 358, c. 40, s. 89; 2014, c. 13, s. 115, c. 20, s. 30, c. 39, s. 71; 2016, c. 7, s. 48, c. 11, s. 10, c. 12, s. 63; 2017, c. 33, s. 77; 2018, c. 12, s. 37 2019, c. 29, s. 43 2021, c. 23, s. 61 2022, c. 19, s. 57 2023, c. 26, s. 73 2024, c. 15, s. 67 2024, c. 17, s. 75 2024, c. 17, s. 80 2024, c. 20, s. 214 2024, c. 20, s. 216 2026, c. 3, s. 94
Income Tax Act — I-3.3
absorbed capacity has the same meaning as in subsection 18.2(1); ( capacité absorbée )
Income Tax Act — I-3.3
active business , in relation to any business carried on by a taxpayer resident in Canada, means any business carried on by the taxpayer other than a specified investment business or a personal services business; ( entreprise exploitée activement )
Income Tax Act — I-3.3
additional voluntary contribution to a registered pension plan means a contribution that is made by a member to the plan, that is used to provide benefits under a money purchase provision (within the meaning assigned by subsection 147.1(1)) of the plan and that is not required as a general condition of membership in the plan; ( cotisation facultative )
Income Tax Act — I-3.3
adjusted cost base has the meaning assigned by section 54; ( prix de base rajusté )
Income Tax Act — I-3.3
adjustment time [Repealed, 2016, c. 12, s. 63]
Income Tax Act — I-3.3
advanced life deferred annuity has the meaning assigned by subsection 146.5(1); ( rente viagère différée à un âge avancé )
Income Tax Act — I-3.3
aggregate investment income has the meaning assigned by subsection 129(4); ( revenu de placement total )
Income Tax Act — I-3.3
allowable business investment loss has the meaning assigned by section 38; ( perte déductible au titre d’un placement d’entreprise )
Income Tax Act — I-3.3
allowable capital loss has the meaning assigned by section 38; ( perte en capital déductible )
Income Tax Act — I-3.3
alter ego trust means a trust to which paragraph 104(4)(a) would apply if that paragraph were read without reference to subparagraph 104(4)(a)(iii) and clauses 104(4)(a)(iv)(B) and (C); ( fiducie en faveur de soi-même )
Income Tax Act — I-3.3
amateur athlete trust has the meaning assigned by subsection 143.1(1.2); ( fiducie au profit d’un athlète amateur )
Income Tax Act — I-3.3 (a)
amortized cost of a loan or lending asset at any time to a taxpayer means the amount, if any, by which the total of (a) in the case of a loan made by the taxpayer, the total of all amounts advanced in respect of the loan at or before that time, (b) in the case of a loan or lending asset acquired by the taxpayer, the cost of the loan or lending asset to the taxpayer, (c) in the case of a loan or lending asset acquired by the taxpayer, the part of the amount, if any, by which (i) the principal amount of the loan or lending asset at the time it was so acquired exceeds (ii) the cost to the taxpayer of the loan or lending asset that was included in computing the taxpayer’s income for any taxation year ending at or before that time, (c.1) the total of all amounts each of which is an amount in respect of the loan or lending asset that was included in computing the taxpayer’s income for a taxation year that ended at or before that time in respect of changes in the value of the loan or lending asset attributable to the fluctuation in the value of a currency of a country other than Canada relative to Canadian currency, (d) where the taxpayer is an insurer, any amount in respect of the loan or lending asset that was deemed by reason of paragraph 142(3)(a) of the Income Tax Act , chapter 148 of the Revised Statutes of Canada, 1952, as it read in its application to the 1977 taxation year, to be a gain for any taxation year ending at or before that time, and (e) the total of all amounts each of which is an amount in respect of the loan or lending asset that was included under paragraph 12(1)(i) in computing the taxpayer’s income for any taxation year ending at or before that time exceeds the total of (f) the part of the amount, if any, by which (i) the amount referred to in subparagraph (c)(ii) exceeds (ii) the amount referred to in subparagraph (c)(i) that was deducted in computing the taxpayer’s income for any taxation year ending at or before that time, (f.1) the total of all amounts each of which is an amount in respect of the loan or lending asset that was deducted in computing the taxpayer’s income for a taxation year that ended at or before that time in respect of changes in the value of the loan or lending asset attributable to the fluctuation in the value of a currency of a country other than Canada relative to Canadian currency, (g) the total of all amounts that, at or before that time, the taxpayer had received as or on account or in lieu of payment of or in satisfaction of the principal amount of the loan or lending asset, (h) where the taxpayer is an insurer, any amount in respect of the loan or lending asset that was deemed by reason of paragraph 142(3)(b) of the Income Tax Act , chapter 148 of the Revised Statutes of Canada, 1952, as it read in its application to the 1977 taxation year, to be a loss for any taxation year ending at or before that time, and (i) the total of all amounts each of which is an amount in respect of the loan or lending asset deducted under paragraph 20(1)(p) in computing the taxpayer’s income for any taxation year ending at or before that time; ( coût amorti )
Income Tax Act — I-3.3 (a)
amount means money, rights or things expressed in terms of the amount of money or the value in terms of money of the right or thing, except that, (a) notwithstanding paragraph (b), in any case where subsection 112(2.1), 112(2.2) or 112(2.4), or section 187.2 or 187.3 or subsection 258(3) or 258(5) applies to a stock dividend, the amount of the stock dividend is the greater of (i) the amount by which the paid-up capital of the corporation that paid the dividend is increased by reason of the payment of the dividend, and (ii) the fair market value of the share or shares paid as a stock dividend at the time of payment, (b) in any case where section 191.1 applies to a stock dividend, the amount of the stock dividend for the purposes of Part VI.1 is the greater of (i) the amount by which the paid-up capital of the corporation that paid the dividend is increased by reason of the payment of the dividend, and (ii) the fair market value of the share or shares paid as a stock dividend at the time of payment, and for any other purpose the amount referred to in subparagraph (i), and (b.1) [Repealed, 2013, c. 34, s. 358] (c) in any other case, the amount of any stock dividend is the amount by which the paid-up capital of the corporation that paid the dividend is increased by reason of the payment of the dividend; ( montant )
Income Tax Act — I-3.3
annuity includes an amount payable on a periodic basis whether payable at intervals longer or shorter than a year and whether payable under a contract, will or trust or otherwise; ( rente )
Income Tax Act — I-3.3
appropriate percentage , for a taxation year, means the lowest percentage referred to in subsection 117(2) for the taxation year; ( taux de base pour l’année )
Income Tax Act — I-3.3
assessment includes a reassessment; ( cotisation )
Income Tax Act — I-3.3
authorized foreign bank has the meaning assigned by section 2 of the Bank Act ; ( banque étrangère autorisée )
Income Tax Act — I-3.3 (a)
automobile means (a) a motor vehicle that is designed or adapted primarily to carry individuals on highways and streets and that has a seating capacity for not more than the driver and 8 passengers, but does not include (b) an ambulance, (b.1) a clearly marked emergency-response vehicle that is used in connection with or in the course of an individual’s office or employment with a fire department or the police; (b.2) a clearly marked emergency medical response vehicle that is used, in connection with or in the course of an individual’s office or employment with an emergency medical response or ambulance service, to carry emergency medical equipment together with one or more emergency medical attendants or paramedics, (c) a motor vehicle acquired primarily for use as a taxi, a bus used in a business of transporting passengers or a hearse used in the course of a business of arranging or managing funerals, (d) except for the purposes of sections 6 and 15, a motor vehicle acquired to be sold, rented or leased in the course of carrying on a business of selling, renting or leasing motor vehicles or a motor vehicle used for the purpose of transporting passengers in the course of carrying on a business of arranging or managing funerals, and (e) a motor vehicle (i) of a type commonly called a van or pick-up truck, or a similar vehicle, that has a seating capacity for not more than the driver and two passengers and that, in the taxation year in which it is acquired or leased, is used primarily for the transportation of goods or equipment in the course of gaining or producing income, (ii) of a type commonly called a van or pick-up truck, or a similar vehicle, the use of which, in the taxation year in which it is acquired or leased, is all or substantially all for the transportation of goods, equipment or passengers in the course of gaining or producing income, or (iii) of a type commonly called a pick-up truck that is used in the taxation year in which it is acquired or leased primarily for the transportation of goods, equipment or passengers in the course of earning or producing income at one or more locations in Canada that are (A) described, in respect of any of the occupants of the vehicle, in subparagraph 6(6)(a)(i) or (ii), and (B) at least 30 kilometres outside the nearest point on the boundary of the nearest population centre, as defined by the last census dictionary published by Statistics Canada before the year, that has a population of at least 40,000 individuals as determined in the last census published by Statistics Canada before the year; ( automobile )
Income Tax Act — I-3.3 (a)
balance-due day of a taxpayer for a taxation year means, (a) if the taxpayer is a trust, (i) in the case where the time at which the taxation year ends is determined under paragraph 249(4)(a), the day that is (A) in the case where that time occurs in a calendar year after the end of the trust’s particular taxation year that ends on December 15 of that calendar year because of an election made under paragraph 132.11(1)(a), the balance-due day of the trust for the particular taxation year, (B) in the case where clause (A) does not apply and the trust’s particular taxation year that begins immediately after that time ends in the calendar year that includes that time, the balance-due day of the trust for the particular taxation year, and (C) in any other case, 90 days after the end of the calendar year that includes that time, and (ii) in any other case, the day that is 90 days after the end of the taxation year, (b) where the taxpayer is an individual who died after October in the year and before May in the following taxation year, the day that is 6 months after the day of death, (c) in any other case where the taxpayer is an individual, April 30 in the following taxation year, and (d) where the taxpayer is a corporation, (i) the day that is three months after the day on which the taxation year (in this subparagraph referred to as the “current year”) ends, if (A) an amount was deducted under section 125 in computing the corporation’s tax payable under this Part for the current year or for its preceding taxation year, (B) the corporation is, throughout the current year, a Canadian-controlled private corporation, and (C) either (I) in the case of a corporation that is not associated with another corporation in the current year, its taxable income for its preceding taxation year (determined before taking into consideration the specified future tax consequences for that preceding taxation year) does not exceed its business limit for that preceding taxation year, or (II) in the case of a corporation that is associated with one or more other corporations in the current year, the total of the taxable incomes of the corporation and of those other corporations for their last taxation years that ended in the last calendar year that ended before the end of the current year (determined before taking into consideration the specified future tax consequences for those last taxation years) does not exceed the total of the business limits of the corporation and of those other corporations for those last taxation years, and (ii) the day that is two months after the day on which the taxation year ends, in any other case; ( date d’exigibilité du solde )
Income Tax Act — I-3.3
bank means a bank within the meaning assigned by section 2 of the Bank Act (other than a federal credit union) or an authorized foreign bank; ( banque )
Income Tax Act — I-3.3
bankrupt has the meaning assigned by the Bankruptcy and Insolvency Act ; ( failli )
Income Tax Act — I-3.3
benefit under a deferred profit sharing plan received by a taxpayer in a taxation year means the total of all amounts each of which is an amount received by the taxpayer in the year from a trustee under the plan, minus any amounts deductible under subsections 147(11) and 147(12) in computing the income of the taxpayer for the year; ( prestation en vertu d’un régime de participation différée aux bénéfices )
Income Tax Act — I-3.3 (a)
bituminous sands means sands or other rock materials containing naturally occurring hydrocarbons (other than coal) which hydrocarbons have (a) a viscosity, determined in a prescribed manner, equal to or greater than 10,000 centipoise, or (b) a density, determined in a prescribed manner, equal to or less than 12 degrees API; ( sables bitumineux )
Income Tax Act — I-3.3
borrowed money includes the proceeds to a taxpayer from the sale of a post-dated bill drawn by the taxpayer on a bank; ( argent emprunté )
Income Tax Act — I-3.3
business includes a profession, calling, trade, manufacture or undertaking of any kind whatever and, except for the purposes of paragraph 18(2)(c), section 54.2, subsection 95(1) and paragraph 110.6(14)(f), an adventure or concern in the nature of trade but does not include an office or employment; ( commerce )
Income Tax Act — I-3.3
business limit of a corporation for a taxation year means the amount determined under section 125 to be its business limit for the year; ( plafond des affaires )
Income Tax Act — I-3.3 (a)
business number means the number (other than a Social Insurance Number or trust account number) used by the Minister to identify (a) a corporation or partnership, or (b) any other association or taxpayer that carries on a business or is required by this Act to deduct or withhold an amount from an amount paid or credited or deemed to be paid or credited under this Act and of which the Minister has notified the corporation, partnership, association or taxpayer; ( numéro d’entreprise )
Income Tax Act — I-3.3
Canadian banking business means the business carried on by an authorized foreign bank through a permanent establishment (as defined by regulation) in Canada, other than business conducted through a representative office registered or required to be registered under section 509 of the Bank Act ; ( entreprise bancaire canadienne )
Income Tax Act — I-3.3
Canadian-controlled private corporation has the meaning assigned by subsection 125(7); ( société privée sous contrôle canadien )
Income Tax Act — I-3.3
Canadian corporation has the meaning assigned by subsection 89(1); ( société canadienne )
Income Tax Act — I-3.3
Canadian development expense has the meaning assigned by subsection 66.2(5); ( frais d’aménagement au Canada )
Income Tax Act — I-3.3
Canadian exploration and development expenses has the meaning assigned by subsection 66(15); ( frais d’exploration et d’aménagement au Canada )
Income Tax Act — I-3.3
Canadian exploration expense has the meaning assigned by subsection 66.1(6); ( frais d’exploration au Canada )
Income Tax Act — I-3.3 (a)
Canadian field processing means, except as otherwise prescribed, (a) the processing in Canada of raw natural gas at a field separation and dehydration facility, (b) the processing in Canada of raw natural gas at a natural gas processing plant to any stage that is not beyond the stage of natural gas that is acceptable to a common carrier of natural gas, (c) the processing in Canada of hydrogen sulphide derived from raw natural gas to any stage that is not beyond the marketable sulphur stage, (d) the processing in Canada of natural gas liquids, at a natural gas processing plant where the input is raw natural gas derived from a natural accumulation of natural gas, to any stage that is not beyond the marketable liquefied petroleum stage or its equivalent, (e) the processing in Canada of crude oil (other than heavy crude oil recovered from an oil or gas well or a tar sands deposit) recovered from a natural accumulation of petroleum to any stage that is not beyond the crude oil stage or its equivalent, and (f) prescribed activities and for the purposes of paragraphs (b) to (d), (g) gas is not considered to cease to be raw natural gas solely because of its processing at a field separation and dehydration facility until it is received by a common carrier of natural gas, and (h) where all or part of a natural gas processing plant is devoted primarily to the recovery of ethane, the plant, or the part of the plant, as the case may be, is considered not to be a natural gas processing plant; ( traitement préliminaire au Canada )
Income Tax Act — I-3.3
Canadian oil and gas property expense has the meaning assigned by subsection 66.4(5); ( frais à l’égard de biens canadiens relatifs au pétrole et au gaz )
Income Tax Act — I-3.3
Canadian partnership has the meaning assigned by section 102; ( société de personnes canadienne )
Income Tax Act — I-3.3 (a)
Canadian real, immovable or resource property means (a) a property that would, if this Act were read without reference to the definition real or immovable property in subsection 122.1(1), be a real or immovable property situated in Canada, (b) a Canadian resource property, (c) a timber resource property, (d) a share of the capital stock of a corporation, an income or a capital interest in a trust or an interest in a partnership — other than a taxable Canadian corporation, a SIFT trust (determined without reference to subsection 122.1(2)), a SIFT partnership (determined without reference to subsection 197(8)) or a real estate investment trust (as defined in subsection 122.1(1)) — if more than 50% of the fair market value of the share or interest is derived directly or indirectly from one or any combination of properties described in paragraphs (a) to (c), or (e) any right to or interest in — or, for civil law, any right to or in — any property described in any of paragraphs (a) to (d); ( bien canadien immeuble, réel ou minier )
Income Tax Act — I-3.3 (a)
Canadian resident partnership means a partnership that, at any time in respect of which the expression is relevant, (a) is a Canadian partnership, (b) would, if it were a corporation, be resident in Canada (including, for greater certainty, a partnership that has its central management and control in Canada), or (c) was formed under the laws of a province; ( société de personnes résidant au Canada )
Income Tax Act — I-3.3
Canadian resource property has the meaning assigned by subsection 66(15); ( avoir minier canadien )
Income Tax Act — I-3.3
capital dividend has the meaning assigned by section 83; ( dividende en capital )
Income Tax Act — I-3.3
capital gain for a taxation year from the disposition of any property has the meaning assigned by section 39; ( gain en capital )
Income Tax Act — I-3.3
capital interest of a taxpayer in a trust has the meaning assigned by subsection 108(1); ( participation au capital )
Income Tax Act — I-3.3
capital loss for a taxation year from the disposition of any property has the meaning assigned by section 39; ( perte en capital )
Income Tax Act — I-3.3
capital property has the meaning assigned by section 54; ( immobilisation )
Income Tax Act — I-3.3
cash method has the meaning assigned by subsection 28(1); ( méthode de comptabilité de caisse )
Income Tax Act — I-3.3
cemetery care trust has the meaning assigned by subsection 148.1(1); ( fiducie pour l’entretien d’un cimetière )