Income Tax Act — I-3.3 127.52
ty or a foreign resource property were the lesser of the total of the amounts otherwise so determined for the year and the amount, if any, by which (i) the total of all amounts each of which is an amount described in subparagraph 127.52(1)(e)(i) or 127.52(1)(e)(ii), determined without reference to paragraphs 20(1)(c) to 20(1)(f), exceeds (ii) the total of all amounts each of which is an amount deductible under section 65, 66, 66.1, 66.2, 66.21 or 66.4 or under subsection 29(10) or (12) of the Income Tax Application Rules in computing the individual’s income for the year; (f) subsection 82(1) were read without reference to paragraph 82(1)(b); (g) the total of all amounts deductible under section 104 in computing the income of a trust for the year were equal to the total of (i) the total of all amounts otherwise deductible under that section, and (ii) the total of all amounts each of which is (A) an amount designated by the trust under subsection 104(21) for the year, or (B) that portion of a net taxable capital gain of the trust that may reasonably be considered to (I) be part of an amount included, by virtue of subsection 104(13) or section 105, in computing the income for the year of a non-resident beneficiary of the trust, or (II) have been paid in the year by a trust governed by an employee benefit plan to a beneficiary thereunder; (h) the only amounts deductible under sections 110 to 110.7 in computing the individual’s taxable income for the year or taxable income earned in Canada for the year, as the case may be, were (i) the amounts deducted under subsection 110(2), (ii) 7/5 of the amounts deducted under any of paragraph 110(1)(d.01) and subsections 110.6(2) and (2.1), (iii) the amount that would be deductible under paragraph 110(1)(f) if the individual deducted 1/2 of the amount the individual deducted for the year under subparagraph 110(1)(f)(v), (iv) 1/2 of the amount deducted for the year under subsection 110.7(1), (v) the amount deducted under paragraph 110(1)(g), and (vi) twice the amount deducted under subsection 110.61(2) or 110.62(2); (h.1) the formula in paragraph 110.6(21)(a) were read as A - B (i) in computing the individual’s taxable income for the year or the individual’s taxable income earned in Canada for the year, as the case may be, the only amounts deductible under (i) paragraphs 111(1)(a), 111(1)(c), 111(1)(d) and 111(1)(e) were the lesser of (A) 1/2 of all amounts deducted for the year under paragraphs 111(1)(a), (c), (d) and (e), and (B) the total of all amounts that would be deductible under those paragraphs for the year if the amount that would be deductible under paragraphs 111(1)(a), (c), (d) and (e) was 1/2 of the amount that would otherwise be deductible under those paragraphs and if (I) paragraphs (b), (c) and (e) of this subsection, as they read in respect of taxation years that began after 1985 and before 1995, applied in computing the individual’s non-capital loss, restricted farm loss, farm loss and limited partnership loss for any of those years, (II) paragraphs (b) to (c.3), (e) and (e.1) of this subsection, as they read in respect of taxation years that began after 1994 and ended before 2012, applied in computing the individual’s non-capital loss, restricted farm loss, farm loss and limited partnership loss for any of those years, and (III) paragraphs (b) to (c.3), (e) and (e.1) of this subsection applied in computing the individual’s non-capital loss, restricted farm loss, farm loss and limited partnership loss for any taxation year that ends after 2011, and (ii) paragraph 111(1)(b) were the lesser of (A) the total of all amounts deducted under paragraph 111(1)(b), and (B) the total of all amounts that would be deductible under that paragraph for the year if (I) paragraph (d) of this subsection applied in computing the individual’s net capital loss for any taxation year that began before 1995, (II) paragraphs (c.1) and (d) of this subsection, as they read in respect of taxation years