GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3
registered national arts service organization , at any time, means a national arts service organization that has been registered by the Minister under subsection 149.1(6.4), which registration has not been revoked; ( organisme enregistré de services nationaux dans le domaine des arts )
Income Tax Act — I-3.3
registered pension plan means a pension plan (other than a pooled pension plan) that has been registered by the Minister for the purposes of this Act and whose registration has not been revoked; ( régime de pension agréé )
Income Tax Act — I-3.3
registered retirement income fund or RRIF have the same meaning as registered retirement income fund in subsection 146.3(1); ( fonds enregistré de revenu de retraite ou FERR )
Income Tax Act — I-3.3
registered retirement savings plan or RRSP have the same meaning as registered retirement savings plan in subsection 146(1); ( régime enregistré d’épargne-retraite ou REER )
Income Tax Act — I-3.3
registered securities dealer means a person registered or licensed under the laws of a province to trade in securities, in the capacity of an agent or principal, without any restriction as to the types or kinds of securities in which that person may trade; ( courtier en valeurs mobilières inscrit )
Income Tax Act — I-3.3
registered supplementary unemployment benefit plan has the meaning assigned by subsection 145(1); ( régime enregistré de prestations supplémentaires de chômage )
Income Tax Act — I-3.3
regulation means a regulation made by the Governor in Council under this Act; ( réglementaire )
Income Tax Act — I-3.3 (a)
relevant factor means (a) for taxation years that end before 2010, 3, and (b) for taxation years that end after 2009, the amount determined by the formula 1/(A – B) where A is the percentage set out in paragraph 123(1)(a), and B is the percentage that is the corporation’s general rate reduction percentage (as defined by section 123.4) for the taxation year; ( facteur de référence )
Income Tax Act — I-3.3
restricted farm loss has the meaning assigned by subsection 31(1.1); ( perte agricole restreinte )
Income Tax Act — I-3.3 (a)
restricted financial institution means (a) a bank, (b) a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, (c) a credit union, (d) an insurance corporation, (e) a corporation whose principal business is the lending of money to persons with whom the corporation is dealing at arm’s length or the purchasing of debt obligations issued by such persons or a combination thereof, (e.1) a corporation described in paragraph (g) of the definition financial institution in subsection 181(1), or (f) a corporation that is controlled by one or more corporations described in any of paragraphs (a) to (e.1); ( institution financière véritable )
Income Tax Act — I-3.3
restricted interest and financing expense has the same meaning as in subsection 111(8); ( dépense d’intérêts et de financement restreinte )
Income Tax Act — I-3.3 (a)
retirement compensation arrangement means a plan or arrangement under which contributions (other than payments made to acquire an interest in a life insurance policy) are made by an employer or former employer of a taxpayer, or by a person with whom the employer or former employer does not deal at arm’s length, to another person or partnership (in this definition and in Part XI.3 referred to as the “custodian”) in connection with benefits that are to be or may be received or enjoyed by any person on, after or in contemplation of any substantial change in the services rendered by the taxpayer, the retirement of the taxpayer or the loss of an office or employment of the taxpayer, but does not include (a) a registered pension plan, (a.1) a pooled registered pension plan, (b) a disability or income maintenance insurance plan under a policy with an insurance corporation, (c) a deferred profit sharing plan, (d) an employees profit sharing plan, (e) a registered retirement savings plan, (f) an employee trust, (f.1) an employee life and health trust, (g) a group sickness or accident insurance plan, (h) a supplementary unemployment benefit plan, (i) a vacation pay trust described in paragraph 149(1)(y), (j) a plan or arrangement established for the purpose of deferring the salary or wages of a professional athlete for his services as such with a team that participates in a league having regularly scheduled games (in this definition referred to as an “athlete’s plan”), where (i) the plan or arrangement would, but for paragraph (j) of the definition salary deferral arrangement in this subsection, be a salary deferral arrangement, and (ii) in the case of a Canadian team, the custodian of the plan or arrangement carries on business through a fixed place of business in Canada and is licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, (k) a salary deferral arrangement, whether or not deferred amounts thereunder are required to be included as benefits under paragraph 6(1)(a) in computing a taxpayer’s income, (l) a plan or arrangement (other than an athlete’s plan) that is maintained primarily for the benefit of non-residents in respect of services rendered outside Canada, (m) an insurance policy, or (n) a prescribed plan or arrangement, and, for the purposes of this definition, where a particular person holds property in trust under an arrangement that, if the property were held by another person, would be a retirement compensation arrangement, the arrangement shall be deemed to be a retirement compensation arrangement of which the particular person is the custodian; ( convention de retraite )
Income Tax Act — I-3.3
retirement income fund has the meaning assigned by subsection 146.3(1); ( fonds de revenu de retraite )
Income Tax Act — I-3.3
retirement savings plan has the meaning assigned by subsection 146(1); ( régime d’épargne-retraite )
Income Tax Act — I-3.3 (a)
retiring allowance means an amount (other than a superannuation or pension benefit, an amount received as a consequence of the death of an employee or a benefit described in subparagraph 6(1)(a)(iv)) received (a) on or after retirement of a taxpayer from an office or employment in recognition of the taxpayer’s long service, or (b) in respect of a loss of an office or employment of a taxpayer, whether or not received as, on account or in lieu of payment of, damages or pursuant to an order or judgment of a competent tribunal, by the taxpayer or, after the taxpayer’s death, by a dependant or a relation of the taxpayer or by the legal representative of the taxpayer; ( allocation de retraite )
Income Tax Act — I-3.3
RRSP deduction limit has the meaning assigned by subsection 146(1); ( maximum déductible au titre des REER )
Income Tax Act — I-3.3
RRSP dollar limit has the meaning assigned by subsection 146(1); ( plafond REER )
Income Tax Act — I-3.3 (a)
salary deferral arrangement , in respect of a taxpayer, means a plan or arrangement, whether funded or not, under which any person has a right in a taxation year to receive an amount after the year where it is reasonable to consider that one of the main purposes for the creation or existence of the right is to postpone tax payable under this Act by the taxpayer in respect of an amount that is, or is on account or in lieu of, salary or wages of the taxpayer for services rendered by the taxpayer in the year or a preceding taxation year (including such a right that is subject to one or more conditions unless there is a substantial risk that any one of those conditions will not be satisfied), but does not include (a) a registered pension plan, (a.1) a pooled registered pension plan, (b) a disability or income maintenance insurance plan under a policy with an insurance corporation, (c) a deferred profit sharing plan, (d) an employees profit sharing plan, (e) an employee trust, (e.1) an employee life and health trust, (f) a group sickness or accident insurance plan, (g) a supplementary unemployment benefit plan, (h) a vacation pay trust described in paragraph 149(1)(y), (i) a plan or arrangement the sole purpose of which is to provide education or training for employees of an employer to improve their work or work-related skills and abilities, (j) a plan or arrangement established for the purpose of deferring the salary or wages of a professional athlete for the services of the athlete as such with a team that participates in a league having regularly scheduled games, (k) a plan or arrangement under which a taxpayer has a right to receive a bonus or similar payment in respect of services rendered by the taxpayer in a taxation year to be paid within 3 years following the end of the year, or (l) a prescribed plan or arrangement; ( entente d’échelonnement du traitement )
Income Tax Act — I-3.3
salary or wages , except in sections 5 and 63 and the definition death benefit in this subsection, means the income of a taxpayer from an office or employment as computed under Subdivision A of Division B of Part I and includes all fees received for services not rendered in the course of the taxpayer’s business but does not include superannuation or pension benefits or retiring allowances; ( traitement ou salaire )
Income Tax Act — I-3.3 (a)
scientific research and experimental development means systematic investigation or search that is carried out in a field of science or technology by means of experiment or analysis and that is (a) basic research, namely, work undertaken for the advancement of scientific knowledge without a specific practical application in view, (b) applied research, namely, work undertaken for the advancement of scientific knowledge with a specific practical application in view, or (c) experimental development, namely, work undertaken for the purpose of achieving technological advancement for the purpose of creating new, or improving existing, materials, devices, products or processes, including incremental improvements thereto, and, in applying this definition in respect of a taxpayer, includes (d) work undertaken by or on behalf of the taxpayer with respect to engineering, design, operations research, mathematical analysis, computer programming, data collection, testing or psychological research, where the work is commensurate with the needs, and directly in support, of work described in paragraph (a), (b), or (c) that is undertaken in Canada by or on behalf of the taxpayer, but does not include work with respect to (e) market research or sales promotion, (f) quality control or routine testing of materials, devices, products or processes, (g) research in the social sciences or the humanities, (h) prospecting, exploring or drilling for, or producing, minerals, petroleum or natural gas, (i) the commercial production of a new or improved material, device or product or the commercial use of a new or improved process, (j) style changes, or (k) routine data collection; ( activités de recherche scientifique et de développement expérimental )
Income Tax Act — I-3.3
scientific research and experimental development financing contract has the meaning assigned by subsection 194(6); ( contrat de financement pour des activités de recherche scientifique et de développement expérimental )
Income Tax Act — I-3.3
scientific research and experimental development tax credit of a taxpayer for a taxation year has the meaning assigned by subsection 127.3(2); ( crédit d’impôt pour des activités de recherche scientifique et de développement expérimental )
Income Tax Act — I-3.3
securities lending arrangement has the meaning assigned by subsection 260(1); ( mécanisme de prêt de valeurs mobilières )
Income Tax Act — I-3.3
self-contained domestic establishment means a dwelling-house, apartment or other similar place of residence in which place a person as a general rule sleeps and eats; ( établissement domestique autonome )
Income Tax Act — I-3.3
separation agreement includes an agreement by which a person agrees to make payments on a periodic basis for the maintenance of a former spouse or common-law partner, children of the marriage or common-law partnership or both the former spouse or common-law partner and children of the marriage or common-law partnership, after the marriage or common-law partnership has been dissolved, whether the agreement was made before or after the marriage or common-law partnership was dissolved; ( accord de séparation )
Income Tax Act — I-3.3
share , except as the context otherwise requires, means a share or a fraction of a share of the capital stock of a corporation and, for greater certainty, a share of the capital stock of a corporation includes a share of the capital of a cooperative corporation (within the meaning assigned by subsection 136(2)), a share of the capital of an agricultural cooperative corporation (within the meaning assigned by subsection 135.1(1)) and a share of the capital of a credit union; ( action )
Income Tax Act — I-3.3
shareholder includes a member or other person entitled to receive payment of a dividend; ( actionnaire )
Income Tax Act — I-3.3
share-purchase tax credit of a taxpayer for a taxation year has the meaning assigned by subsection 127.2(6); ( crédit d’impôt à l’achat d’actions )
Income Tax Act — I-3.3
SIFT partnership has the meaning assigned by section 197; ( société de personnes intermédiaire de placement déterminée )
Income Tax Act — I-3.3
SIFT partnership balance-due day , in respect of a taxation year of a SIFT partnership, means the day on or before which the partnership is required to file a return for the taxation year under section 229 of the Income Tax Regulations ; ( date d’échéance du solde )
Income Tax Act — I-3.3
SIFT trust has the meaning assigned by section 122.1; ( fiducie intermédiaire de placement déterminée )
Income Tax Act — I-3.3 (a)
SIFT trust wind-up event means a distribution by a particular trust resident in Canada of property to a taxpayer in respect of which the following conditions are met: (a) the distribution occurs before 2013, (b) there is a resulting disposition of all of the taxpayer’s interest as a beneficiary under the particular trust, (c) the particular trust is (i) a SIFT wind-up entity, (ii) a trust whose only beneficiary throughout the period (referred to in this definition as the “qualifying period”) that begins on July 14, 2008 and that ends at the time of the distribution is another trust that throughout the qualifying period (A) is resident in Canada, and (B) is a SIFT wind-up entity or a trust described by this subparagraph, or (iii) a trust whose only beneficiary at the time of distribution is another trust that throughout the qualifying period (A) is resident in Canada, (B) is a SIFT wind-up entity or a trust described by subparagraph (ii), and (C) is a majority interest beneficiary (within the meaning that would be assigned by section 251.1 if the references in the definition majority interest beneficiary in subsection 251.1(3) to “50%” were read as references to “25%”) of the particular trust, (d) the particular trust ceases to exist immediately after the distribution or immediately after the last of a series of SIFT trust wind-up events (determined without reference to this paragraph) of the particular trust that includes the distribution, and (e) the property was not acquired by the particular trust as a result of a transfer or an exchange (i) that is (A) a qualifying exchange as defined in subsection 132.2(1) or a qualifying disposition as defined in subsection 107.4(1), (B) made after February 2, 2009, and (C) from any person other than a SIFT wind-up entity, or (ii) to which any of sections 51, 85, 85.1, 86, 87, 88, 107.4 or 132.2 applies, of another property acquired as a result of a transfer or an exchange described by subparagraph (i) or this subparagraph; ( fait lié à la conversion d’une EIPD-fiducie )
Income Tax Act — I-3.3 (a)
SIFT wind-up corporation , in respect of a SIFT wind-up entity, means at any particular time a corporation (a) that, at any time that is after July 13, 2008 and before the earlier of the particular time and January 1, 2013, owns all of the equity in the SIFT wind-up entity, or (b) shares of the capital stock of which are at or before the particular time distributed on a SIFT trust wind-up event of the SIFT wind-up entity; ( société de conversion d’EIPD )
Income Tax Act — I-3.3 (a)
SIFT wind-up entity means a trust or partnership that at any time in the period that began on October 31, 2006 and that ends on July 14, 2008 is (a) a SIFT trust (determined without reference to subsection 122.1(2)), (b) a SIFT partnership (determined without reference to subsection 197(8)), or (c) a real estate investment trust (as defined in subsection 122.1(1)); ( EIPD convertible )
Income Tax Act — I-3.3 (a)
SIFT wind-up entity equity , or equity in a SIFT wind-up entity, means (a) if the SIFT wind-up entity is a trust, a capital interest (determined without reference to subsection (25)) in the trust, and (b) if the SIFT wind-up entity is a partnership, an interest as a member of the partnership where, by operation of any law governing the arrangement in respect of the partnership, the liability of the member as a member of the partnership is limited, except that if all of the interests described in paragraph (a) or (b), as the case may be, in the SIFT wind-up entity are described by reference to units, it means the part of the interest represented by such a unit; ( intérêt dans une EIPD convertible )
Income Tax Act — I-3.3
small business bond [Repealed, 2023, c. 26, s. 73]
Income Tax Act — I-3.3 (a)
small business corporation , at any particular time, means, subject to subsection 110.6(15), a particular corporation that is a Canadian-controlled private corporation all or substantially all of the fair market value of the assets of which at that time is attributable to assets that are (a) used principally in an active business carried on primarily in Canada by the particular corporation or by a corporation related to it, (b) shares of the capital stock or indebtedness of one or more small business corporations that are at that time connected with the particular corporation (within the meaning of subsection 186(4) on the assumption that the small business corporation is at that time a payer corporation within the meaning of that subsection), or (c) assets described in paragraphs (a) and (b), including, for the purpose of paragraph 39(1)(c), a corporation that was at any time in the 12 months preceding that time a small business corporation, and, for the purpose of this definition, the fair market value of a net income stabilization account shall be deemed to be nil; ( société exploitant une petite entreprise )
Income Tax Act — I-3.3
small business development bond [Repealed, 2023, c. 26, s. 73]
Income Tax Act — I-3.3
specified employee of a person means an employee of the person who is a specified shareholder of the person or who does not deal at arm’s length with the person; ( employé déterminé )
Income Tax Act — I-3.3 (a)
specified financial institution , at any time, means (a) a bank, (b) a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, (c) a credit union, (d) an insurance corporation, (e) a corporation whose principal business is the lending of money to persons with whom the corporation is dealing at arm’s length or the purchasing of debt obligations issued by such persons or a combination thereof, (e.1) a corporation described in paragraph (g) of the definition financial institution in subsection 181(1), (f) a corporation that is controlled by one or more corporations described in any of paragraphs (a) to (e.1) and, for the purpose of this paragraph, one corporation is controlled by another corporation if more than 50% of its issued share capital (having full voting rights under all circumstances) belongs to the other corporation, to persons with whom the other corporation does not deal at arm’s length, or to the other corporation and persons with whom the other corporation does not deal at arm’s length, or (g) a corporation that is related to a particular corporation described in any of paragraphs (a) to (f), other than a particular corporation described in paragraph (e) or (e.1) the principal business of which is the factoring of trade accounts receivable that (i) the particular corporation acquired from a related person, (ii) arose in the course of an active business carried on by a person (in this paragraph referred to as the “business entity”) related at that time to the particular corporation, and (iii) at no particular time before that time were held by a person other than a person who was related to the business entity; ( institution financière déterminée )
Income Tax Act — I-3.3 (a)
specified future tax consequence for a taxation year means (a) the consequence of the deduction or exclusion of an amount referred to in paragraph 161(7)(a), (b) the consequence of a reduction under subsection 66(12.73) of a particular amount purported to be renounced by a corporation after the beginning of the year to a person or partnership under subsection 66(12.6) or 66(12.601) because of the application of subsection 66(12.66), determined as if the purported renunciation would, but for subsection 66(12.73), have been effective only where (i) the purported renunciation occurred in January, February or March of a calendar year, (ii) the effective date of the purported renunciation was the last day of the preceding calendar year, (iii) the corporation agreed in that preceding calendar year to issue a flow-though share to the person or partnership, (iv) the particular amount does not exceed the amount, if any, by which the consideration for which the share is to be issued exceeds the total of all other amounts purported by the corporation to have been renounced under subsection 66(12.6) or 66(12.601) in respect of that consideration, (v) paragraphs 66(12.66)(c) and 66(12.66)(d) are satisfied with respect to the purported renunciation, and (vi) the form prescribed for the purpose of subsection 66(12.7) in respect of the purported renunciation is filed with the Minister before May of the calendar year, and (c) the consequence of an adjustment or a reduction described in subsection 161(6.1); ( conséquence fiscale future déterminée )
Income Tax Act — I-3.3 (a)
specified hedging transaction , in respect of a DRA share of a person or partnership (referred to in this definition as the “particular person”), means a transaction (in this definition, as defined in subsection 245(1)) or series of transactions that satisfies the following conditions: (a) it is entered into by (i) the particular person if the particular person is a registered securities dealer or a partnership each member of which is a registered securities dealer, or (ii) a registered securities dealer or a partnership each member of which is a registered securities dealer (in either case, referred to in this definition as the “connected dealer”), if the connected dealer does not deal at arm’s length with, or is affiliated with, the particular person, (b) it has the effect, or would have the effect if the transaction or series were entered into by the particular person, of eliminating all or substantially all of the particular person’s risk of loss and opportunity for gain or profit in respect of the DRA share, determined without regard to any other transaction or series entered into in respect of the DRA share, (c) if paragraph 260(6)(a) were read without reference to subsection 260(6.2), an amount in respect of the transaction or series would be deductible by the particular person or the connected dealer under paragraph 260(6)(a), and (d) if the transaction or series is entered into by the connected dealer, it can reasonably be considered that the particular person or connected dealer knew or ought to have known that the effect described in paragraph (b) would result; ( opération de couverture déterminée )
Income Tax Act — I-3.3
specified individual has the meaning assigned by subsection 120.4(1); ( particulier déterminé )