GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Regulations — 7304
7304 (1) In this section, member of the taxpayer’s household includes the taxpayer; ( membre de la maisonnée du contribuable ) designated city means St. John’s, Halifax, Moncton, Quebec City, Montreal, Ottawa, Toronto, North Bay, Winnipeg, Saskatoon, Calgary, Edmonton and Vancouver. ( ville désignée ) (2) For the purposes of this section and section 110.7 of the Act, the trip cost to a taxpayer in respect of a trip made by an individual who, at the time the trip was made, was a member of the taxpayer’s household is the least of (a) the amount of employer-provided travel benefits , as defined in subsection 110.7(6) of the Act, that is claimed by the taxpayer in respect of the trip; (b) the total of (i) the amount of travel assistance described in paragraph (a) of the definition employer-provided travel benefits in subsection 110.7(6) of the Act in respect of the trip, and (ii) travel expenses incurred by the taxpayer, or the spouse or common-law partner of the taxpayer, for the trip; and (c) the lowest return airfare ordinarily available, at the time the trip was made, to the individual for flights between the place in which the individual resided immediately before the trip, or the airport nearest thereto, and the designated city that is nearest to that place. (3) In determining the trip cost to the taxpayer in respect of the trip, if the amount determined under paragraph (2)(a) is nil, subsection (2) is to be read without reference to that paragraph. (4) For the purposes of subsection (2), the amounts claimed by the taxpayer in paragraph (2)(a) in respect of a trip are deemed to be nil, unless the taxpayer was dealing at arm’s length with the employer at the time that the employer-provided travel benefits , as defined in subsection 110.7(6) of the Act, were provided to the taxpayer. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/88-312, s. 3; SOR/93-440, s. 3 2022, c. 5, s. 7
Income Tax Regulations — Income Tax Regulations
member of the taxpayer’s household includes the taxpayer; ( membre de la maisonnée du contribuable )
Income Tax Regulations — Income Tax Regulations
designated city means St. John’s, Halifax, Moncton, Quebec City, Montreal, Ottawa, Toronto, North Bay, Winnipeg, Saskatoon, Calgary, Edmonton and Vancouver. ( ville désignée )
Income Tax Regulations — 7305.02
 St. Laurent, Ste. Rose, Sifton, Siglunes, Wallace, Westbourne, Whitehead, Whitewater, Winchester, Woodlands and Woodworth, and (ii) in Saskatchewan, the Rural Municipalities of Abernethy, Antler, Argyle, Benson, Bratt’s Lake, Brock, Brokenshell, Browning, Calder, Caledonia, Cambria, Cana, Chester, Churchbridge, Coalfields, Cymri, Elcapo, Enniskillen, Estevan, Fertile Belt, Fillmore, Francis, Golden West, Grayson, Griffin, Hazelwood, Indian Head, Kingsley, Lake Alma, Lajord, Langenburg, Laurier, Lomond, Martin, Maryfield, McLeod, Montmartre, Moose Creek, Moose Mountain, Moosomin, Mount Pleasant, Norton, Orkney, Reciprocity, Rocanville, Saltcoats, Scott, Silverwood, Souris Valley, Spy Hill, Stanley, Storthoaks, Tecumseh, Tullymet, Wallace, Walpole, Wawken, Wellington, Weyburn, Willowdale and Wolseley. (2) For the purpose of this section, band and reserve have the same meaning as assigned by the Indian Act . (3) For the purposes of this section, a city, county, district or other municipality is deemed to include any area that is surrounded by the territory of the city, county, district or other municipality. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2009, c. 31, s. 17; SOR/2011-32, s. 2; SOR/2013-206, s. 3
Income Tax Regulations — 7305.1
7305.1 For the purpose of subparagraph (v) of the description of A in paragraph 6(1)(k) of the Act, the amount prescribed for a taxation year is (a) if a taxpayer is employed in a taxation year by a particular person principally in selling or leasing automobiles and an automobile is made available in the year to the taxpayer or a person related to the taxpayer by the particular person or a person related to the particular person, 31 cents; and (b) in any other case, 34 cents. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/95-244, s. 6; SOR/99-239, s. 1; SOR/2000-326, s. 1; SOR/2001-253, s. 1; SOR/2003-266, s. 1; SOR/2005-265, s. 1; SOR/2006-250, s. 1; 2009, c. 2, s. 113; SOR/2014-118, s. 1; SOR/2016-296, s. 1; SOR/2018-56, s. 1 SOR/2023-246, s. 1 SOR/2025-193, s. 1
Income Tax Regulations — 7306
7306 For the purposes of paragraph 18(1)(r) of the Act, the amount in respect of the use of one or more automobiles in a taxation year by an individual for kilometres driven in the year for the purpose of earning income of the individual is the total of (a) the product of 66 cents multiplied by the number of those kilometres; (b) the product of 6 cents multiplied by the lesser of 5,000 and the number of those kilometres; and (c) the product of 4 cents multiplied by the number of those kilometres driven in the Yukon Territory, the Northwest Territories or Nunavut. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/91-673, s. 4; SOR/99-239, s. 2; SOR/2000-326, s. 2; SOR/2001-253, s. 2; SOR/2003-266, s. 2; SOR/2005-265, s. 2; SOR/2006-250, s. 2; 2009, c. 2, s. 114; SOR/2014-118, s. 2; SOR/2015-122, s. 1; SOR/2016-296, s. 2 SOR/2023-246, s. 2 SOR/2025-193, s. 2
Income Tax Regulations — 7308
7308 (1) In this section, carrier has the meaning assigned by subsection 146.3(1) of the Act. (2) For the purposes of this section, a retirement income fund is a qualifying retirement income fund at a particular time if (a) the fund was entered into before 1993 and the carrier has not accepted any property as consideration under the fund after 1992 and at or before the particular time, or (b) the carrier has not accepted any property as consideration under the fund after 1992 and at or before the particular time, other than property transferred from a retirement income fund that, immediately before the time of the transfer, was a qualifying retirement income fund. (3) For the purposes of the definition minimum amount in subsection 146.3(1) of the Act, the prescribed factor in respect of an individual for a year in connection with a retirement income fund that was a qualifying retirement income fund at the beginning of the year is the factor, determined pursuant to the following table, that corresponds to the age in whole years (in the table referred to as “X”) attained by the individual at the beginning of that year or that would have been so attained by the individual if the individual had been alive at the beginning of that year. X Factor Under 72 1/(90 – X) 72 0.0540 73 0.0553 74 0.0567 75 0.0582 76 0.0598 77 0.0617 78 0.0636 79 0.0658 80 0.0682 81 0.0708 82 0.0738 83 0.0771 84 0.0808 85 0.0851 86 0.0899 87 0.0955 88 0.1021 89 0.1099 90 0.1192 91 0.1306 92 0.1449 93 0.1634 94 0.1879 95 or older 0.2000 (4) For the purposes of the definition minimum amount in subsection 146.3(1) of the Act and subsection 8506(5), the prescribed factor in respect of an individual for a year in connection with a retirement income fund (other than a fund that was a qualifying retirement income fund at the beginning of the year) or the designated factor in respect of an individual for a year in connection with an account under a money purchase provision of a registered pension plan, as the case may be, is the factor, determined in accordance with the following table, that corresponds to the age in whole years (in the table referred to as “Y”) attained by the individual at the beginning of the year or that would have been so attained by the individual if the individual was alive at the beginning of the year. Y Factor Under 71 1/(90 – Y) 71 0.0528 72 0.0540 73 0.0553 74 0.0567 75 0.0582 76 0.0598 77 0.0617 78 0.0636 79 0.0658 80 0.0682 81 0.0708 82 0.0738 83 0.0771 84 0.0808 85 0.0851 86 0.0899 87 0.0955 88 0.1021 89 0.1099 90 0.1192 91 0.1306 92 0.1449 93 0.1634 94 0.1879 95 or older 0.2000 [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/94-127, s. 1; SOR/2000-63, s. 2; SOR/2005-264, s. 14; 2015, c. 36, s. 23
Income Tax Regulations — 7309
7309 For the purpose of section 67.6 of the Act, penalties imposed under paragraph 110.1(1)(a) of the Excise Act are prescribed. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2011-187, s. 1
Income Tax Regulations — 7310
7310 For the purpose of the definition eligible apprentice in subsection 127(9) of the Act, a prescribed trade in respect of a province means, at all times in a taxation year, a trade that is, at any time in that taxation year, a Red Seal trade for the province under the Interprovincial Standards Red Seal Program. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 80
Income Tax Regulations — 7400
7400 (1) For the purposes of subsections 70(9), (9.3) and (10) and 73(3) of the Act, a prescribed forest management plan in respect of a woodlot of a taxpayer is a written plan for the management and development of the woodlot that (a) describes the composition of the woodlot, provides for the attention necessary for the growth, health and quality of the trees on the woodlot and is approved in accordance with the requirements of a provincial program established for the sustainable management and conservation of forests; or (b) has been certified in writing by a recognized forestry professional to be a plan that describes the composition of the woodlot, provides for the attention necessary for the growth, health and quality of the trees on the woodlot and includes (i) a description of, or a map indicating, the location of the woodlot, (ii) a description of the characteristics of the woodlot, including a map of the woodlot site that shows those characteristics, (iii) a description of the development of the woodlot, including the activities carried out on the woodlot, since the taxpayer acquired it, (iv) information acceptable to the recognized forestry professional estimating (A) the ages and heights of the trees on the woodlot, and their species, (B) the quantity of wood on the woodlot, (C) the quality and composition of the soil underlying the woodlot, and (D) the quantity of wood that the woodlot could yield as a result of the implementation of the plan, (v) a description of, and the timing for, the activities proposed to be carried out on the woodlot under the plan, including any of those activities that deal with (A) harvesting, (B) renewal and regeneration, (C) the application of silviculture techniques, and (D) responsible stewardship and the protection of the environment, and (vi) a description of the objectives and strategies for the management and development of the woodlot over a period of at least five years. (2) A recognized forestry professional referred to in subsection (1) is a forestry professional who has a degree, diploma or certificate recognized by the Canadian Forestry Accreditation Board, the Canadian Institute of Forestry or the Canadian Council of Technicians and Technologists. (3) A recognized forestry professional referred to in subsection (1) is not required to express an opinion as to the completeness or correctness of a description of past activities referred to in subparagraph (1)(b)(iii) or of information referred to in subparagraph (1)(b)(iv) if the information was not prepared by that recognized forestry professional. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2007-35, s. 1
Income Tax Regulations — 7500
7500 [Repealed, 2013, c. 33, s. 36] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2008-49, s. 1; 2013, c. 33, s. 36; SOR/2013-22, s. 1
Income Tax Regulations — 7600
7600 For the purposes of paragraph (g) of the definition carved-out property in subsection 209(1) of the Act, a prescribed property at any time is (a) any right, licence or privilege to prospect, explore, drill or mine for minerals in a mineral resource (other than a bituminous sands deposit, oil sands deposit or oil shale deposit) in Canada; (b) any rental or royalty computed by reference to the amount or value of production of minerals from a mineral resource (other than a bituminous sands deposit, oil sands deposit or oil shale deposit) in Canada; (c) any real property in Canada the principal value of which depends on its mineral resource content (other than a bituminous sands deposit, oil sands deposit or oil shale deposit); (d) any right to or interest in any property described in any of paragraphs (a) to (c); or (e) a property acquired before that time by a taxpayer in the circumstances described in paragraph (c) of the definition carved-out property in subsection 209(1) of the Act, except where it is reasonable to consider that one of the main reasons for the acquisition of the property, or any series of transactions or events in which the property was acquired by the taxpayer was to reduce or postpone tax that would, but for this paragraph, be payable by another taxpayer under Part XII.1 of the Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/89-463, s. 2
Income Tax Regulations — 7700
7700 For the purposes of subparagraph 56(1)(n)(i) of the Act, a prescribed prize is any prize that is recognized by the general public and that is awarded for meritorious achievement in the arts, the sciences or service to the public but does not include any amount that can reasonably be regarded as having been received as compensation for services rendered or to be rendered. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/89-473, s. 2
Income Tax Regulations — 7800
7800 For the purposes of the definition specified pension plan in subsection 248(1) of the Act, a prescribed arrangement is the Saskatchewan Pension Plan established under The Saskatchewan Pension Plan Act , chapter S-32.2 of the Statutes of Saskatchewan, 1986, as amended from time to time. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/89-474, s. 1; SOR/2001-295, s. 8; 2011, c. 24, s. 89
Income Tax Regulations — 7900
7900 For the purposes of the definitions excluded income and excluded revenue and specified deposit in subsection 95(2.5) of the Act, each of the following is a prescribed financial institution: (a) a member of the Canadian Payments Association; and (b) a credit union that is a shareholder or member of a body corporate or organization that is a central for the purposes of the Canadian Payments Act . [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/90-285, s. 2; SOR/94-686, s. 79(F); SOR/97-505, s. 10; SOR/2009-302, s. 11; 2013, c. 33, s. 37
Income Tax Regulations — 8001
8001 [Repealed, SOR/99-91, s. 3] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/99-91, s. 3
Income Tax Regulations — 8002
8002 For the purposes of paragraph 8000(a), (a) the principal amount outstanding at any time of a lending asset of a taxpayer that is a share of the capital stock of a corporation is the part of the consideration received by the corporation for the issue of the share that is outstanding at that time; (b) where (i) a taxpayer realizes a loss from the disposition of a loan or lending asset described in subparagraph 8000(a)(ii) or a specified loan described in paragraph 8000(a.1) (in this paragraph referred to as the “former loan”) for consideration that included another loan or lending asset that was a loan or lending asset described in subparagraph 8000(a)(ii) or paragraph 8000(a.1) (in this paragraph referred to as the “new loan”), and (ii) in the case of a former loan that is not a specified loan, the loss is included in computing the taxpayer’s provisionable assets as reported for the year to the relevant authority, in accordance with the guidelines established by the relevant authority, for the purpose of determining the taxpayer’s general provisions or specific provisions in respect of exposures to designated countries, the principal amount of the new loan outstanding at the time it was acquired by the taxpayer is deemed to be equal to the principal amount of the former loan outstanding immediately before that time; and (c) where at the end of a particular taxation year a taxpayer owns a specified loan that, at the end of the preceding taxation year, was described in an inventory of the taxpayer, the amortized cost of the specified loan to the taxpayer at the end of the particular year is its value determined under section 10 of the Act at the end of the preceding year for the purpose of computing the taxpayer’s income for the preceding year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/91-78, s. 4; SOR/94-686, s. 79(F); SOR/99-91, s. 4
Income Tax Regulations — 8003
8003 Where a taxpayer elects to have this section apply by notifying the Minister in writing within 90 days after the day on which this section is published in the Canada Gazette , the loans or lending assets of the taxpayer that are described in subparagraph 8000(a)(ii) shall not include any loan or lending asset acquired by the taxpayer before November 1988 from a person with whom the taxpayer was dealing at arm’s length. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/91-78, s. 4
Income Tax Regulations — 8004
8004 [Repealed, SOR/99-91, s. 5] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/99-91, s. 5
Income Tax Regulations — 8005
8005 For the purposes of subparagraph 8000(a)(ii), where a loan or lending asset of a person (in this section referred to as the “holder”) related to a taxpayer (a) was reported for the year by the taxpayer to the relevant authority, in accordance with the guidelines established by the relevant authority, as an exposure to a designated country, (b) was acquired by the holder or another person related to the taxpayer after August 16, 1990 as part of a series of transactions or events in which the taxpayer or a person related to the taxpayer disposed of a loan or lending asset that (i) for the taxation year immediately preceding the particular year in which it was disposed of, was a loan or lending asset that was reported by the taxpayer to the relevant authority, in accordance with the guidelines established by the relevant authority, as an exposure to a designated country, and (ii) was a loan or lending asset a loss arising on the disposition of which would be a loss in respect of which a deduction is permitted under Part I of the Act to the taxpayer or a person related to the taxpayer, and (c) had an amortized cost to the holder, immediately after the time it was acquired by the holder, that was less than 55 per cent of its principal amount, the following rules apply: (d) the loan or lending asset shall be deemed (i) to be a loan or lending asset of the taxpayer at the end of the year, (ii) to be a loan or lending asset of the taxpayer that was acquired by the taxpayer at the time it was acquired by the holder, and (iii) to have an amortized cost to the taxpayer, at any time, that is equal to its amortized cost to the holder at that time, and (e) any amount in respect of the loan or lending asset deducted under paragraph 20(1)(p) of the Act or included under paragraph 12(1)(i) of the Act in computing the holder’s income for a particular year shall be deemed to have been so deducted or included, as the case may be, in computing the income of the taxpayer for the year in which the particular year ends. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/91-78, s. 4
Income Tax Regulations — 8006
8006 For the purposes of this Part, designated country has the same meaning as in the Guidelines for banks established pursuant to section 175 of the Bank Act , as that section read on May 31, 1992, and issued by the Office of the Superintendent of Financial Institutions, as amended from time to time; ( pays désigné ) exposure to a designated country has the same meaning as in the Guidelines for banks established pursuant to section 175 of the Bank Act , as that section read on May 31, 1992, and issued by the Office of the Superintendent of Financial Institutions, as amended from time to time; ( risque que représente un pays désigné ) general provisions has the same meaning as the expression general country risk provisions in the Guidelines for banks established pursuant to section 175 of the Bank Act , as that section read on May 31, 1992, and issued by the Office of the Superintendent of Financial Institutions, as amended from time to time; ( provisions générales ) provisionable assets has the same meaning as in the Guidelines for banks established pursuant to section 175 of the Bank Act , as that section read on May 31, 1992, and issued by the Office of the Superintendent of Financial Institutions, as amended from time to time; ( actifs ouvrant droit à provision ) relevant authority means the Superintendent of Financial Institutions; ( autorité compétente ) specific provisions has the same meaning as in the Guidelines for banks established pursuant to section 175 of the Bank Act , as that section read on May 31, 1992, and issued by the Office of the Superintendent of Financial Institutions, as amended from time to time. ( provisions spécifiques ) specified loan means (a) a United Mexican States Collateralized Par Bond due in 2019, or (b) a United Mexican States Collateralized Discount Bond due in 2019; ( prêt désigné ) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-681, s. 3; SOR/99-91, s. 6
Income Tax Regulations — Income Tax Regulations
designated country has the same meaning as in the Guidelines for banks established pursuant to section 175 of the Bank Act , as that section read on May 31, 1992, and issued by the Office of the Superintendent of Financial Institutions, as amended from time to time; ( pays désigné )
Income Tax Regulations — Income Tax Regulations
exposure to a designated country has the same meaning as in the Guidelines for banks established pursuant to section 175 of the Bank Act , as that section read on May 31, 1992, and issued by the Office of the Superintendent of Financial Institutions, as amended from time to time; ( risque que représente un pays désigné )
Income Tax Regulations — Income Tax Regulations
general provisions has the same meaning as the expression general country risk provisions in the Guidelines for banks established pursuant to section 175 of the Bank Act , as that section read on May 31, 1992, and issued by the Office of the Superintendent of Financial Institutions, as amended from time to time; ( provisions générales )
Income Tax Regulations — Income Tax Regulations
provisionable assets has the same meaning as in the Guidelines for banks established pursuant to section 175 of the Bank Act , as that section read on May 31, 1992, and issued by the Office of the Superintendent of Financial Institutions, as amended from time to time; ( actifs ouvrant droit à provision )
Income Tax Regulations — Income Tax Regulations
relevant authority means the Superintendent of Financial Institutions; ( autorité compétente )