GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3 (a)
qualified interprovincial transmission equipment means property that is primarily used, as determined on an annual basis, to transmit or manage electrical energy that originates in, or is destined for, a province other than the province in which the property is located and (a) that is (i) equipment for the transmission of electrical energy, including cables and switches, that is rated for voltages of at least 69 kilovolts, (ii) electrical transmission structures, including towers and lattices, or (iii) related equipment used to manage electrical energy, including transformers, electric power conditioning equipment and control equipment, that is directly connected to equipment described in subparagraph (i) or (ii); and (b) that is not a building or distribution equipment. ( matériel de transmission interprovinciale admissible )
Income Tax Act — I-3.3 (a)
qualified natural gas energy equipment means property (a) that is part of a system that meets the following conditions: (i) the system (A) is fuelled all or substantially all by the combustion of natural gas, as determined on an annual basis, and (B) is not fuelled by anything other than the combustion of gaseous fuels, (ii) the system is used solely for the purpose of generating electrical energy, or a combination of electrical energy and heat energy, determined without reference to capturing carbon dioxide, (iii) the system exports more electrical energy than heat energy on a net basis as determined on an annual basis, (iv) the system is physically and functionally integrated with equipment that captures and prepares or compresses carbon dioxide for transportation, (v) less than 50% of the gross electrical energy generated by the system is used to power the equipment referred to in subparagraph (iv) as determined on an annual basis, (vi) the system is not expected to exceed an emission intensity of 65 tonnes of carbon dioxide per gigawatt hour of gross electrical energy generated, and (vii) a system evaluation has been issued for the system by the Minister of Natural Resources, in the form and manner determined by the Minister of Natural Resources; (b) that is (i) electrical generating equipment, (ii) heat generating equipment used primarily for the purpose of producing heat energy to operate the electrical generating equipment described in subparagraph (i), (iii) equipment that generates both electrical and heat energy, (iv) equipment that is to be used solely (A) for capturing carbon dioxide that is generated by the system, or (B) to prepare or compress for transportation carbon dioxide captured from the system, (v) heat recovery equipment used primarily for the purpose of conserving energy, or reducing the requirement to acquire energy, by extracting for reuse thermal waste that is generated by equipment referred to in any of subparagraphs (i) to (iv) or (vi), (vi) equipment for the distribution of heat energy within the system, (vii) equipment that is physically and functionally integrated with equipment described in any of subparagraphs (i) to (vi) and that is ancillary equipment (such as control equipment) used solely to support the functioning of equipment described in any of those subparagraphs, or (viii) described in any of subparagraphs (i) to (vii) that is incorporated into a system that would not otherwise be described in paragraph (a) if the incorporation causes the system to satisfy the description in paragraph (a); (c) in the case of equipment that is acquired before the start-up date of the system referred to in paragraph (a), that is verified by the Minister of Natural Resources as being equipment described in paragraph (b); and (d) that is not (i) a building or other structure, (ii) transmission equipment, (iii) distribution equipment, (iv) equipment used to export heat energy from the system, (v) fuel storage or fuel handling equipment, or (vi) pollution abatement equipment. ( matériel d’énergie alimenté au gaz naturel admissible )
Income Tax Act — I-3.3
qualified natural gas energy system means a system that is described in paragraph (a) of the definition qualified natural gas energy equipment . ( système énergétique alimenté au gaz naturel admissible )
Income Tax Act — I-3.3 (a)
qualified validation firm , in respect of a specified natural gas energy system of a taxpayer, means an engineer or engineering firm that (a) is registered and in good standing with a professional association that has the authority or recognition by law of a jurisdiction in Canada to regulate the profession of engineering in (i) the jurisdiction where the system is located, or (ii) if there is no professional association in the jurisdiction described in subparagraph (i), a jurisdiction in Canada where a professional association regulates the profession of engineering; (b) has appropriate insurance coverage; (c) at all times, is independent of, deals at arm’s length with and is not an employee of the taxpayer; and (d) meets the requirements described in guidelines published by the Minister of Natural Resources. ( firme admissible de validation )
Income Tax Act — I-3.3 (a)
qualified verification firm , in respect of a specified natural gas energy system of a taxpayer, means an individual or firm that (a) is either (i) an engineer or an engineering firm that is registered and in good standing with a professional association that has the authority or recognition by law of a jurisdiction in Canada to regulate the profession of engineering in (A) the jurisdiction where the system is located, or (B) if there is no professional association in the jurisdiction described in clause (A), a jurisdiction in Canada where a professional association regulates the profession of engineering, or (ii) a verification body accredited and in good standing under the Clean Fuel Regulations ; (b) has appropriate insurance coverage; (c) at all times, is independent of, deals at arm’s length with and is not an employee of (i) the taxpayer, or (ii) the qualified validation firm in respect of the system; (d) meets the requirements described in guidelines published by the Minister of Natural Resources; and (e) has expertise in auditing natural gas systems to demonstrate compliance with the Regulations Limiting Carbon Dioxide Emissions from Natural Gas-fired Generation of Electricity . ( firme admissible de vérification )
Income Tax Act — I-3.3 (a)
qualifying corporation means (a) a taxable Canadian corporation; (b) a designated provincial Crown corporation; (c) a corporation described in paragraph 149(1)(d.5) not less than 90% of the shares or the capital of which are owned by one or more entities each of which is (i) a municipality in Canada, or (ii) an aboriginal government (as defined in subsection 241(10)) — or a similar Indigenous governing body — described in paragraph 149(1)(c); (d) a corporation described in paragraph 149(1)(d.6) all of the shares (except directors’ qualifying shares) or the capital of which are owned by one or more of (i) a municipality in Canada, (ii) an aboriginal government (as defined in subsection 241(10)) — or a similar Indigenous governing body — described in paragraph 149(1)(c), or (iii) a corporation described in paragraph 149(1)(d.5); (e) a corporation all of the shares (except directors’ qualifying shares) or of the capital of which are owned by one or more municipalities in Canada in combination with one or more persons each of which is described in the definition designated provincial Crown corporation ; (f) a corporation to which paragraph 149(1)(o.2) applies; (g) the Canada Infrastructure Bank; (h) Canada Growth Fund Inc. and any corporation that is a subsidiary wholly-owned corporation of Canada Growth Fund Inc.; or (i) a prescribed entity. ( société admissible )
Income Tax Act — I-3.3
qualifying entity means a qualifying corporation or a qualifying trust. ( entité admissible )
Income Tax Act — I-3.3 (a)
qualifying trust means, at all relevant times, a trust (a) each beneficiary of which is a corporation described in paragraph 149(1)(o.2); (b) that is a limited partner of a partnership; and (c) the sole undertaking of which is the holding of its interest in the partnership together with any ancillary activities. ( fiducie admissible )
Income Tax Act — I-3.3
specified natural gas energy system means a system that is, or was at any time, a qualified natural gas energy system. ( système énergétique alimenté au gaz naturel déterminé )
Income Tax Act — I-3.3 (a)
specified percentage means, in respect of a clean electricity property of a qualifying entity that is acquired (a) before April 16, 2024, determined without reference to subsection (7), nil; (b) subject to paragraph (a), on or after April 16, 2024 and before January 1, 2035, 15%; and (c) after December 31, 2034, nil. ( pourcentage déterminé )
Income Tax Act — I-3.3
start-up date of a specified natural gas energy system means the first day on which the system generates electrical energy for sale. ( jour du début du projet )
Income Tax Act — I-3.3 (a)
system plan means a plan for a qualified natural gas energy system of a qualifying entity that (a) has been prepared by a qualified validation firm; (b) includes a front-end engineering design study (or an equivalent study as determined by the Minister of Natural Resources) for the system; (c) sets out (i) an expected emission intensity of the electrical energy to be produced by the system that is below 65 tonnes carbon dioxide per gigawatt hour, (ii) an expected ratio of net electrical energy to net heat energy exported that is above 1, and (iii) an expected ratio of electrical energy used to power equipment that captures and prepares or compresses carbon dioxide to gross electrical energy produced that is below 0.5; (d) contains any information required in guidelines published by the Minister of Natural Resources; and (e) is filed by the entity with the Minister of Natural Resources, in the form and manner determined by the Minister of Natural Resources. ( plan du système )
Income Tax Act — I-3.3 127.5
Obligation to pay minimum tax 127.5 Notwithstanding any other provision of this Act but subject to subsection 120.4(3) and section 127.55, where the amount that, but for section 120, would be determined under Division E to be an individual’s tax payable for a taxation year is less than the amount determined under paragraph (a) in respect of the individual for the year, the individual’s tax payable under this Part for the year is the total of (a) the amount, if any, by which (i) the individual’s minimum amount for the year determined under section 127.51 exceeds (ii) the individual’s special foreign tax credit determined under section 127.54 for the year, and (b) the amount, if any, required by section 120 to be added to the individual’s tax otherwise payable under this Part for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 127.5; 1998, c. 19, s. 149; 2000, c. 19, s. 37
Income Tax Act — I-3.3 127.51
Minimum amount determined 127.51 An individual’s minimum amount for a taxation year is the amount determined by the formula A(B - C) - D where A is 20.5%; B is the individual’s adjusted taxable income for the year determined under section 127.52; C is (a) the first dollar amount for the year referred to in paragraph 117(2)(d), in the case of an individual (other than a trust) or a qualified disability trust (as defined in subsection 122(3)); and (b) nil, in any other case; and D is the individual’s basic minimum tax credit for the year determined under section 127.531. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1986, c. 55, s. 50; 1988, c. 55, s. 111; 2014, c. 39, s. 43 2024, c. 17, s. 40
Income Tax Act — I-3.3
film property means a property described in paragraph (n) of Class 12, or paragraph (w) of Class 10, of Schedule II to the Income Tax Regulations ; ( production cinématographique )
Income Tax Act — I-3.3
limited partner has the meaning that would be assigned by subsection 96(2.4) if that subsection were read without reference to “if the member’s partnership interest is not an exempt interest (within the meaning assigned by subsection 127.52(2.5)) at that time and”; ( commanditaire )
Income Tax Act — I-3.3
rental or leasing property means a property that is a rental property or a leasing property for the purpose of section 1100 of the Income Tax Regulations . ( bien de location )
Income Tax Act — I-3.3
residential property [Repealed, 1998, c. 19, s. 150(8)]
Income Tax Act — I-3.3 127.53
127.53 [Repealed, 2014, c. 39, s. 45] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1986, c. 55, s. 50; 2014, c. 39, s. 45]
Income Tax Act — I-3.3 127.531
Basic minimum tax credit determined 127.531 An individual’s basic minimum tax credit for a taxation year is the total of all amounts each of which is (a) 1/2 of an amount deducted under any of subsections 118(1), (2), (3) and (10), sections 118.01 to 118.07, subsections 118.3(1), (2) and (3) and sections 118.5 to 118.9 in computing the individual’s tax payable for the year under this Part; (b) 1/2 of the amount that was claimed under section 118.2 in computing the individual’s tax payable for the year under this Part, determined without reference to this Division, to the extent that the amount claimed does not exceed the maximum amount deductible under that section in computing the individual’s tax payable for the year under this Part, determined without reference to this Division; (c) 4/5 of the amount that was claimed under section 118.1 in computing the individual’s tax payable for the year under this Part, determined without reference to this Division, to the extent that the amount claimed does not exceed the maximum amount deductible under that section in computing the individual’s tax payable for the year under this Part, determined without reference to this Division; and (d) an amount deducted under section 119 or subsection 127(1) in computing the individual’s tax payable for the year under this Part. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 127.531; 2006, c. 4, s. 76; 2007, c. 2, s. 35; 2009, c. 31, s. 14; 2011, c. 24, s. 41; 2014, c. 20, s. 19 2024, c. 17, s. 42
Income Tax Act — I-3.3 127.54
Definitions 127.54 (1) In this section, foreign income of an individual for a taxation year means the total of (a) the individual’s incomes for the year from businesses carried on by the individual in countries other than Canada, and (b) the individual’s incomes for the year (as would be determined if paragraph 127.52(1)(d) were applicable) from sources in countries other than Canada in respect of which the individual has paid non-business-income taxes , as defined in subsection 126(7), to governments of countries other than Canada; ( revenu de source étrangère ) foreign taxes of an individual for a taxation year means the total of the business-income taxes , as defined in subsection 126(7), paid by the individual for the year in respect of businesses carried on by the individual in countries other than Canada and 2/3 of the non-business-income taxes , as defined in that subsection, paid by the individual for the year to the governments of countries other than Canada. ( impôts payés à l’étranger ) Foreign tax credit (2) For the purposes of section 127.5, an individual’s special foreign tax credit for a taxation year is the greater of (a) the total of all amounts deductible under section 126 from the individual’s tax for the year, and (b) the lesser of (i) the individual’s foreign taxes for the year, and (ii) the amount determined by the formula A × B where A is 20.5%, and B is the individual’s foreign income for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 127.54; 2001, c. 17, s. 120; 2006, c. 4, s. 77 2024, c. 17, s. 43
Income Tax Act — I-3.3 (a)
foreign income of an individual for a taxation year means the total of (a) the individual’s incomes for the year from businesses carried on by the individual in countries other than Canada, and (b) the individual’s incomes for the year (as would be determined if paragraph 127.52(1)(d) were applicable) from sources in countries other than Canada in respect of which the individual has paid non-business-income taxes , as defined in subsection 126(7), to governments of countries other than Canada; ( revenu de source étrangère )
Income Tax Act — I-3.3
foreign taxes of an individual for a taxation year means the total of the business-income taxes , as defined in subsection 126(7), paid by the individual for the year in respect of businesses carried on by the individual in countries other than Canada and 2/3 of the non-business-income taxes , as defined in that subsection, paid by the individual for the year to the governments of countries other than Canada. ( impôts payés à l’étranger )
Income Tax Act — I-3.3 128
the amount of the individual’s allowable business investment losses for the particular taxation year, and (ii) any portion of the individual’s non-capital loss for that particular year that was not deducted in computing the individual’s taxable income for any taxation year in which paragraph 128(2)(e) applied in respect of the individual or any preceding taxation year, shall, for the purpose of determining the individual’s cumulative gains limit under section 110.6 for taxation years following the taxation year in which paragraph 128(2)(e) was last applicable in respect of the individual, be deemed not to have been an allowable business investment loss. (3) [Repealed, 1998, c. 19, s. 152] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 128; 1994, c. 7, Sch. V, s. 90, Sch. VIII, s. 72, c. 8, s. 18; 1998, c. 19, s. 152; 1999, c. 22, s. 51; 2001, c. 17, s. 122; 2004, c. 25, s. 201; 2006, c. 4, s. 78; 2007, c. 2, s. 36; 2009, c. 31, s. 15; 2011, c. 24, s. 42; 2012, c. 31, s. 29; 2013, c. 34, ss. 129, 272; 2014, c. 20, s. 20; 2015, c. 36, s. 33; 2016, c. 7, s. 37 2024, c. 15, s. 39 2026, c. 3, s. 60
Income Tax Act — I-3.3 128.1
 provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 21, s. 62; 1998, c. 19, ss. 36, 153; 1999, c. 22, s. 52; 2001, c. 17, s. 123; 2007, c. 35, s. 113; 2008, c. 28, s. 20; 2010, c. 12, s. 15, c. 25, s. 28; 2011, c. 24, s. 43; 2012, c. 31, s. 30; 2013, c. 34, ss. 14, 73, 130, 273; 2014, c. 39, s. 46; 2016, c. 12, s. 46; 2018, c. 27, s. 14 2021, c. 23, s. 26 2022, c. 19, s. 23 2024, c. 17, s. 45(E)
Income Tax Act — I-3.3 (a)
reportable property of an individual at a particular time means any property other than (a) money that is legal tender in Canada and deposits of such money; (b) property that would be an excluded right or interest of the individual if the definition excluded right or interest in this subsection were read without reference to paragraphs (c), (j) and (l) of that definition; (c) if the individual is not a trust and was not, during the 120-month period that ends at the particular time, resident in Canada for more than 60 months, property described in subparagraph (4)(b)(iv) that is not taxable Canadian property; and (d) any item of personal-use property the fair market value of which, at the particular time, is less than $10,000. ( bien à déclarer )
Income Tax Act — I-3.3 128.2
Cross-border mergers 128.2 (1) Where a corporation formed at a particular time by the amalgamation or merger of, or by a plan of arrangement or other corporate reorganization in respect of, 2 or more corporations (each of which is referred to in this section as a “predecessor”) is at the particular time resident in Canada, a predecessor that was not immediately before the particular time resident in Canada shall be deemed to have become resident in Canada immediately before the particular time. Idem (2) Where a corporation formed at a particular time by the amalgamation or merger of, or by a plan of arrangement or other corporate reorganization in respect of, 2 or more corporations is at the particular time not resident in Canada, a predecessor that was immediately before the particular timeresident in Canada shall be deemed to have ceased to be resident in Canada immediately before the particular time. Windings-up excluded (3) For greater certainty, subsections 128.2(1) and (2) do not apply to reorganizations occurring solely because of the acquisition of property of one corporation by another corporation, pursuant to the purchase of the property by the other corporation or because of the distribution of the property to the other corporation on the winding-up of the corporation. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 21, s. 62
Income Tax Act — I-3.3 128.3
Former resident — replaced shares 128.3 If, in a transaction to which section 51, subparagraphs 85.1(1)(a)(i) and (ii), subsection 85.1(8) or section 86 or 87 applies, a person acquires a share (in this section referred to as the “new share”) in exchange for another share or equity in a SIFT wind-up entity (in this section referred to as the “old share”), for the purposes of section 119, subsections 126(2.21) to (2.23), subparagraph 128.1(4)(b)(iv) and subsections 128.1(6) to (8), 180.1(1.4) and 220(4.5) and (4.6), the person is deemed not to have disposed of the old share, and the new share is deemed to be the same share as the old share. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2001, c. 17, s. 125; 2009, c. 2, s. 43; 2013, c. 34, s. 274
Income Tax Act — I-3.3 (a)
aggregate investment income of a corporation for a taxation year means the amount, if any, by which the total of all amounts, each of which is (a) the amount, if any, by which (i) the eligible portion of the corporation’s taxable capital gains for the year exceeds the total of (ii) the eligible portion of its allowable capital losses for the year, and (iii) the amount, if any, deducted under paragraph 111(1)(b) in computing its taxable income for the year, or (b) the corporation’s income for the year from a source that is a property, other than (i) exempt income, (ii) an amount included under subsection 12(10.2) in computing the corporation’s income for the year, (iii) the portion of any dividend that was deductible in computing the corporation’s taxable income for the year, and (iv) income that, but for paragraph 108(5)(a), would not be income from a property, exceeds the total of all amounts, each of which is the corporation’s loss for the year from a source that is a property. ( revenu de placement total )
Income Tax Act — I-3.3
Canadian investment income [Repealed, 1996, c. 21, s. 32]
Income Tax Act — I-3.3
eligible portion of a corporation’s taxable capital gains or allowable capital losses for a taxation year is the total of all amounts each of which is the portion of a taxable capital gain or an allowable capital loss, as the case may be, of the corporation for the year from a disposition of a property that, except where the property was a designated property (within the meaning assigned by subsection 89(1)), cannot reasonably be regarded as having accrued while the property, or a property for which it was substituted, was property of a corporation other than a Canadian-controlled private corporation, a substantive CCPC, an investment corporation, a mortgage investment corporation or a mutual fund corporation. ( fraction admissible )