Income Tax Act — I-3.3 (a)
split income , of a specified individual for a taxation year, means the total of all amounts (other than excluded amounts) each of which is (a) an amount required to be included in computing the individual’s income for the year (i) in respect of taxable dividends received by the individual in respect of shares of the capital stock of a corporation (other than shares of a class listed on a designated stock exchange or shares of the capital stock of a mutual fund corporation), or (ii) because of the application of section 15 in respect of the ownership by any person of shares of the capital stock of a corporation (other than shares of a class listed on a designated stock exchange), (b) a portion of an amount included because of the application of paragraph 96(1)(f) in computing the individual’s income for the year, to the extent that the portion (i) is not included in an amount described in paragraph (a), and (ii) can reasonably be considered to be income derived directly or indirectly from (A) one or more related businesses in respect of the individual for the year, or (B) the rental of property by a particular partnership or trust, if a person who is related to the individual at any time in the year (I) is actively engaged on a regular basis in the activities of the particular partnership or trust related to the rental of property, or (II) in the case of a particular partnership, has an interest in the particular partnership directly or indirectly through one or more other partnerships, (c) a portion of an amount included because of the application of subsection 104(13) or 105(2) in respect of a trust (other than a mutual fund trust or a trust that is deemed to be in existence by subsection 143(1)) in computing the individual’s income for the year, to the extent that the portion (i) is not included in an amount described in paragraph (a), and (ii) can reasonably be considered (A) to be in respect of taxable dividends received in respect of shares of the capital stock of a corporation (other than shares of a class listed on a designated stock exchange or shares of the capital stock of a mutual fund corporation), (B) to arise because of the application of section 15 in respect of the ownership by any person of shares of the capital stock of a corporation (other than shares of a class listed on a designated stock exchange), (C) to be income derived directly or indirectly from one or more related businesses in respect of the individual for the year, or (D) to be income derived from the rental of property by a particular partnership or trust, if a person who is related to the individual at any time in the year is actively engaged on a regular basis in the activities of the particular partnership or trust related to the rental of property, (d) an amount included in computing the individual’s income for the year to the extent that the amount is in respect of a debt obligation that (i) is of a corporation (other than a mutual fund corporation or a corporation shares of a class of the capital stock of which are listed on a designated stock exchange), partnership or trust (other than a mutual fund trust), and (ii) is not (A) described in paragraph (a) of the definition fully exempt interest in subsection 212(3), (B) listed or traded on a public market, or (C) a deposit, standing to the credit of the individual, (I) within the meaning assigned by the Canada Deposit Insurance Corporation Act , or (II) with a credit union or a branch in Canada of a bank, and (e) an amount in respect of a property, to the extent that (i) the amount (A) is a taxable capital gain, or a profit, of the individual for the year from the disposition after 2017 of the property, or (B) is included under subsection 104(13) or 105(2) in computing the individual’s income for the year and can reasonably be considered to be attributable to a taxable capital gain, or a profit, of any person or partnership for the year from the disposition after 2017 of the property, and (