Income Tax Act — I-3.3 248
 particular time otherwise than pursuant to an established agreement; ( obligation à intérêt conditionnel ) income interest of a taxpayer in a trust has the meaning assigned by subsection 108(1); ( participation au revenu ) indexed debt obligation means a debt obligation the terms or conditions of which provide for an adjustment to an amount payable in respect of the obligation for a period during which the obligation was outstanding that is determined by reference to a change in the purchasing power of money; ( titre de créance indexé ) individual means a person other than a corporation; ( particulier ) insurance corporation means a corporation that carries on an insurance business; ( compagnie d’assurance ) insurance policy includes a life insurance policy; ( police d’assurance ) insurer has the meaning assigned by this subsection to the expression insurance corporation ; ( assureur ) interest and financing expenses has the same meaning as in subsection 18.2(1), except for the purposes of the definition economic profit in subsection 126(7); ( dépenses d’intérêts et de financement ) interest and financing revenues has the same meaning as in subsection 18.2(1); ( revenus d’intérêts et de financement ) international shipping means the operation of a ship owned or leased by a person or partnership (in this definition referred to as the “operator”) that is used, either directly or as part of a pooling arrangement, primarily in transporting passengers or goods in international traffic — determined as if, except where paragraph (c) of the definition international traffic in this subsection applies, any port or other place on the Great Lakes or St. Lawrence River is in Canada — including the chartering of the ship, provided that one or more persons related to the operator (if the operator and each such person is a corporation), or persons or partnerships affiliated with the operator (in any other case), has complete possession, control and command of the ship, and any activity incident to or pertaining to the operation of the ship, but does not include (a) the offshore storing or processing of goods, (b) fishing, (c) laying cable, (d) salvaging, (e) towing, (f) tug-boating, (g) offshore oil and gas activities (other than the transportation of oil and gas), including exploration and drilling activities, (h) dredging, or (i) leasing a ship by a lessor to a lessee that has complete possession, control and command of the ship, unless the lessor or a corporation, trust or partnership affiliated with the lessor has an eligible interest (as defined in subsection 250(6.04)) in the lessee; ( transport maritime international ) international traffic means, in respect of a person or partnership carrying on the business of transporting passengers or goods, a voyage made in the course of that business if the principal purpose of the voyage is to transport passengers or goods (a) from Canada to a place outside Canada, (b) from a place outside Canada to Canada, or (c) from a place outside Canada to another place outside Canada; ( transport international ) inter vivos trust has the meaning assigned by subsection 108(1); ( fiducie non testamentaire ) inventory means a description of property the cost or value of which is relevant in computing a taxpayer’s income from a business for a taxation year or would have been so relevant if the income from the business had not been computed in accordance with the cash method and includes (a) with respect to a farming business, all of the livestock held in the course of carrying on the business, and (b) an emissions allowance; ( inventaire ) investment corporation has the meaning assigned by subsection 130(3); ( société de placement ) investment tax credit has the meaning assigned by subsection 127(9); ( crédit d’impôt à l’investissement ) joint spousal or common-law partner 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)