Income Tax Act — I-3.3 248
Definitions 248 (1) In this Act, absorbed capacity has the same meaning as in subsection 18.2(1); ( capacité absorbée ) 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 ) 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facultative ) adjusted cost base has the meaning assigned by section 54; ( prix de base rajusté ) adjustment time [Repealed, 2016, c. 12, s. 63] advanced life deferred annuity has the meaning assigned by subsection 146.5(1); ( rente viagère différée à un âge avancé ) aggregate investment income has the meaning assigned by subsection 129(4); ( revenu de placement total ) allowable business investment loss has the meaning assigned by section 38; ( perte déductible au titre d’un placement d’entreprise ) allowable capital loss has the meaning assigned by section 38; ( perte en capital déductible ) 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 ) amateur athlete trust has the meaning assigned by subsection 143.1(1.2); ( fiducie au profit d’un athlète amateur ) 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 Canad