Income Tax Act — I-3.3 110.6
r than allowable capital losses) deducted in computing the individual’s income for the year in respect of the individual’s share of the amount of any loss of a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year, and (ii) all amounts each of which is an amount deducted under paragraph 111(1)(e) in computing the individual’s taxable income for the year, (d) 50% of the total of all amounts each of which is an amount deducted under subsection 66(4), 66.1(3), 66.2(2), 66.21(4) or 66.4(2) in computing the individual’s income for the year in respect of expenses (i) incurred and renounced under subsection 66(12.6), (12.601), (12.62) or (12.64) by a corporation, or (ii) incurred by a partnership of which the individual was a specified member in the fiscal period of the partnership in which the expense was incurred, and (e) the total of all amounts each of which is the amount of the individual’s loss for the year from (i) property, or (ii) renting or leasing a rental property (within the meaning assigned by subsection 1100(14) of the Income Tax Regulations ) or a property described in Class 31 or 32 of Schedule II to the Income Tax Regulations owned by the individual or by a partnership of which the individual was a member, other than a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year, and (f) the amount, if any, by which the total of the individual’s net capital losses for other taxation years deducted under paragraph 111(1)(b) in computing the individual’s taxable income for the year exceeds the amount determined in respect of the individual for the year under paragraph (a) of the description of B in the definition annual gains limit ; ( frais de placement ) investment income of an individual for a taxation year means the total of (a) all amounts included in computing the individual’s income for the year from property (other than an amount included under subsection 15(2) or paragraph 56(1)(d) of this Act or paragraph 56(1)(d.1) of the Income Tax Act , chapter 148 of the Revised Statutes of Canada 1952), including, for greater certainty, any amount so included under subsection 13(1) in respect of a property any income from which would be income from property (except to the extent that the amount was otherwise taken into account in computing the individual’s investment income or investment expense for the year), (b) all amounts (other than taxable capital gains) included in computing the individual’s income for the year in respect of the individual’s share of the income of a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year, including, for greater certainty, the individual’s share of all amounts included under subsection 13(1) in computing the income of the partnership, (c) 50% of all amounts included under subsection 59(3.2) in computing the individual’s income for the year, (d) all amounts each of which is the amount of the individual’s income for the year from (i) a property, or (ii) renting or leasing a rental property (within the meaning assigned by subsection 1100(14) of the Income Tax Regulations ) or a property described in Class 31 or 32 of Schedule II to the Income Tax Regulations owned by the individual or by a partnership of which the individual was a member (other than a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year), including, for greater certainty, any amount included under subsection 13(1) in computing the individual’s income for the year in respect of a rental property of the individual or the partnership or in respect of a property any income from which would be income from property, (e) the amount, if any, by which (i) the total of all amounts (other than amounts in respect of income-averaging annuity contracts or annuity contracts purchased under deferred profit sh