GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3 126
nts deducted under subsections 66.7(2) and (2.3) in respect of those sources in computing the taxpayer’s income for the year were the maximum amounts deductible under those subsections, (III) for the purposes of the definition cumulative foreign resource expense in subsection 66.21(1), the total of the amounts designated under subparagraph 59(1)(b)(ii) for the year in respect of dispositions by the taxpayer of foreign resource properties in respect of the country in the year were the maximum total that could be so designated without any reduction in the maximum amount that would be determined under clause (A) in respect of the taxpayer for the year in respect of the country if no assumption had been made under subclause (A)(II) in respect of designations made under subparagraph 59(1)(b)(ii), and (IV) the amount determined under paragraph 66.21(4)(b) were nil, and (C) the total of all amounts each of which is the maximum amount, applicable to one of those sources, that is deductible under subsection 66.7(2) or (2.3) in computing the taxpayer’s 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. 126; 1994, c. 7, Sch. II, s. 103, Sch. VIII, s. 67, c. 21, s. 60; 1995, c. 3, s. 36; 1996, c. 21, s. 29; 1999, c. 22, s. 47; 2000, c. 12, s. 142, c. 19, s. 35; 2001, c. 17, s. 117; 2002, c. 9, s. 39; 2005, c. 19, s. 27; 2007, c. 29, s. 15; 2013, c. 33, s. 13, c. 34, ss. 127, 267, c. 40, s. 56; 2016, c. 12, s. 45; 2017, c. 20, s. 22, c. 33, s. 49 2021, c. 23, s. 25 2026, c. 3, s. 46
Income Tax Act — I-3.3 (a)
“ tax-exempt income means income of a taxpayer from a source in a particular country in respect of which (a) the taxpayer is, because of a comprehensive agreement or convention for the elimination of double taxation on income, which has the force of law in the particular country and to which a country in which the taxpayer is resident is a party, entitled to an exemption from all income or profits taxes, imposed in the particular country, to which the agreement or convention applies, and (b) no income or profits tax to which the agreement or convention does not apply is imposed in the particular country;”.
Income Tax Act — I-3.3 (a)
business-income tax paid by a taxpayer for a taxation year in respect of businesses carried on by the taxpayer in a country other than Canada (referred to in this definition as the “business country”) means, subject to subsections (4.1) to (4.2), the portion of any income or profits tax paid by the taxpayer for the year to the government of a country other than Canada that can reasonably be regarded as tax in respect of the income of the taxpayer from a business carried on by the taxpayer in the business country, but does not include a tax, or the portion of a tax, that can reasonably be regarded as relating to an amount that (a) any other person or partnership has received or is entitled to receive from that government, or (b) was deductible under subparagraph 110(1)(f)(i) in computing the taxpayer’s taxable income for the year; ( impôt sur le revenu tiré d’une entreprise )
Income Tax Act — I-3.3
commercial obligation in respect of a taxpayer’s foreign oil and gas business in a country means an obligation of the taxpayer to a particular person, undertaken in the course of carrying on the business or in contemplation of the business, if the law of the country would have allowed the taxpayer to undertake an obligation, on substantially the same terms, to a person other than the particular person; ( obligation commerciale )
Income Tax Act — I-3.3 (a)
economic profit of a taxpayer in respect of a property for a period means the part of the taxpayer’s profit, from the business in which the property is used, that is attributable to the property in respect of the period or to related transactions, determined as if the only amounts deducted in computing that part of the profit were (a) interest and financing expenses incurred by the taxpayer and attributable to the acquisition or holding of the property in respect of the period or to a related transaction, (b) income or profits taxes payable by the taxpayer for any year to the government of a country other than Canada, in respect of the property for the period or in respect of a related transaction, or (c) other outlays and expenses that are directly attributable to the acquisition, holding or disposition of the property in respect of the period or to a related transaction; ( profit économique )
Income Tax Act — I-3.3
foreign oil and gas business of a taxpayer means a business, carried on by the taxpayer in a taxing country, the principal activity of which is the extraction from natural accumulations, or from oil or gas wells, of petroleum, natural gas or related hydrocarbons; ( entreprise pétrolière et gazière à l’étranger )
Income Tax Act — I-3.3 (a)
non-business-income tax paid by a taxpayer for a taxation year to the government of a country other than Canada means, subject to subsections (4.1) to (4.2), the portion of any income or profits tax paid by the taxpayer for the year to the government of that country that (a) was not included in computing the taxpayer’s business-income tax for the year in respect of any business carried on by the taxpayer in any country other than Canada, (b) was not deductible by virtue of subsection 20(11) in computing the taxpayer’s income for the year, and (c) was not deducted by virtue of subsection 20(12) in computing the taxpayer’s income for the year, but does not include a tax, or the portion of a tax, (c.1) that is in respect of an amount deducted because of subsection 104(22.3) in computing the taxpayer’s business-income tax, (d) that would not have been payable had the taxpayer not been a citizen of that country and that cannot reasonably be regarded as attributable to income from a source outside Canada, (e) that may reasonably be regarded as relating to an amount that any other person or partnership has received or is entitled to receive from that government, (f) that, where the taxpayer deducted an amount under subsection 122.3(1) from the taxpayer’s tax otherwise payable under this Part for the year, may reasonably be regarded as attributable to the taxpayer’s income from employment to the extent of the lesser of the amounts determined in respect thereof under paragraphs 122.3(1)(c) and 122.3(1)(d) for the year, (g) that can reasonably be attributed to a taxable capital gain or a portion thereof in respect of which the taxpayer or a spouse or common-law partner of the taxpayer has claimed a deduction under section 110.6, 110.61 or 110.62, or (h) [Repealed, 2013, c. 33, s. 13] (i) that can reasonably be regarded as relating to an amount that was deductible under subparagraph 110(1)(f)(i) in computing the taxpayer’s taxable income for the year; ( impôt sur le revenu ne provenant pas d’une entreprise )
Income Tax Act — I-3.3 (a)
production tax amount of a taxpayer for a foreign oil and gas business carried on by the taxpayer in a taxing country for a taxation year means the total of all amounts each of which (a) became receivable in the year by the government of the country because of an obligation (other than a commercial obligation) of the taxpayer, in respect of the business, to the government or an agent or instrumentality of the government, (b) is computed by reference to the amount by which (i) the amount or value of petroleum, natural gas or related hydrocarbons produced or extracted by the taxpayer in the course of carrying on the business in the year exceeds (ii) an allowance or other deduction that (A) is deductible, under the agreement or law that creates the obligation described in paragraph (a), in computing the amount receivable by the government of the country, and (B) is intended to take into account the taxpayer’s operating and capital costs of that production or extraction, and can reasonably be considered to have that effect, (c) would not, if this Act were read without reference to subsection (5), be an income or profits tax, and (d) is not identified as a royalty under the agreement that creates the obligation or under any law of the country; ( impôt sur la production )
Income Tax Act — I-3.3
qualifying incomes of a taxpayer from sources in a country means incomes from sources in the country, determined in accordance with subsection (9); ( revenus admissibles )
Income Tax Act — I-3.3
qualifying losses of a taxpayer from sources in a country means losses from sources in the country, determined in accordance with subsection (9); ( pertes admissibles )
Income Tax Act — I-3.3
related transactions , in respect of a taxpayer’s ownership of a property for a period, means transactions entered into by the taxpayer as part of the arrangement under which the property was owned; ( opérations connexes )
Income Tax Act — I-3.3 (a)
tax-exempt income means income of a taxpayer from a source in a country in respect of which (a) the taxpayer is, because of a tax treaty with that country, entitled to an exemption from all income or profits taxes, imposed in that country, to which the treaty applies, and (b) no income or profits tax to which the treaty does not apply is imposed in any country other than Canada; ( revenu exonéré d’impôt )
Income Tax Act — I-3.3 (a)
tax for the year otherwise payable under this Part by a taxpayer means (a) in paragraph (1)(b) and subsection (3), the amount determined by the formula A - B where A is the amount that would be the tax payable under this Part for the year by the taxpayer if that tax were determined without reference to section 120.3 and before making any deduction under any of sections 121, 122.3, 125 to 127.41 and, if the taxpayer is a Canadian-controlled private corporation throughout the year, section 123.4, and B is the amounts deemed by subsections 120(2) and (2.2) to have been paid on account of tax payable under this Part by the taxpayer, (b) in subparagraph (2)(c)(i) and paragraph (2.2)(b), the amount that would be the tax payable under this Part for the year by the taxpayer if that tax were determined without reference to sections 120.3 and 123.3 and before making any deduction under any of sections 121 and 122.3, subsection 123.4(3), and sections 124 to 127.41, and (c) in subsection (2.1), the amount that would be the tax payable under this Part for the year by the taxpayer if that tax were determined without reference to subsection 120(1) and sections 120.3 and 123.3 and before making any deduction under any of sections 121 and 122.3, subsection 123.4(3) and sections 124 to 127.41; ( impôt payable par ailleurs pour l’année en vertu de la présente partie )
Income Tax Act — I-3.3
taxing country means a country (other than Canada) the government of which regularly imposes, in respect of income from businesses carried on in the country, a levy or charge of general application that would, if this Act were read without reference to subsection (5), be an income or profits tax; ( pays taxateur )
Income Tax Act — I-3.3 (a)
unused foreign tax credit of a taxpayer in respect of a country for a taxation year means the amount, if any, by which (a) the business-income tax paid by the taxpayer for the year in respect of businesses carried on by the taxpayer in that country exceeds (b) the amount, if any, deductible under subsection (2) in respect of that country in computing the taxpayer’s tax payable under this Part for the year. ( fraction inutilisée du crédit pour impôt étranger )
Income Tax Act — I-3.3 126.1
126.1 [Repealed, 2013, c. 34, s. 268] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 8, s. 14; 2013, c. 34, s. 268
Income Tax Act — I-3.3
income for the year from logging operations in the province has the meaning assigned by regulation; ( revenu pour l’année tiré des opérations forestières dans la province )
Income Tax Act — I-3.3
logging tax means a tax imposed by the legislature of a province that is declared by regulation to be a tax of general application on income from logging operations. ( impôt sur les opérations forestières )
Income Tax Act — I-3.3
annual investment tax credit limit [Repealed, 1994, c. 8, s. 15]
Income Tax Act — I-3.3 (a)
apprenticeship expenditure of a taxpayer for a taxation year in respect of an eligible apprentice is the lesser of (a) $2,000, and (b) 10% of the eligible salary and wages payable by the taxpayer in the taxation year to the eligible apprentice in respect of the eligible apprentice’s employment, in the taxation year and on or after May 2, 2006, by the taxpayer in a business carried on in Canada by the taxpayer in the taxation year; ( dépense d’apprentissage )
Income Tax Act — I-3.3
approved project means a project with a total capital cost of depreciable property, determined without reference to subsection 13(7.1) or 13(7.4), of not less than $25,000 that has, on application in writing before July, 1988, been approved by such member of the Queen’s Privy Council for Canada as is designated by the Governor in Council for the purposes of this definition in relation to projects in the appropriate province or region of a province; ( ouvrage approuvé )
Income Tax Act — I-3.3
approved project property [Repealed, 1996, c. 21, s. 30]
Income Tax Act — I-3.3
Cape Breton means Cape Breton Island and that portion of the Province of Nova Scotia within the following described boundary: beginning at a point on the southwesterly shore of Chedabucto Bay near Red Head, said point being S70 degrees E (Nova Scotia grid meridian) from Geodetic Station Sand, thence in a southwesterly direction to a point on the northwesterly boundary of highway 344, said point being southwesterly 240 [FEET] from the intersection of King Brook with said highway boundary, thence northwesterly to Crown post 6678, thence continuing northwesterly to Crown post 6679, thence continuing northwesterly to Crown post 6680, thence continuing northwesterly to Crown post 6681, thence continuing northwesterly to Crown post 6632, thence continuing northwesterly to Crown post 6602, thence northerly to Crown post 8575; thence northerly to Crown post 6599, thence continuing northerly to Crown post 6600, thence northwesterly to the southwest angle of the Town of Mulgrave, thence along the westerly boundary of the Town of Mulgrave and a prolongation thereof northerly to the Antigonish-Guysborough county line, thence along said county line northeasterly to the southwesterly shore of the Strait of Canso, thence following the southwesterly shore of the Strait of Canso and the northwesterly shore of Chedabucto Bay southeasterly to the place of beginning; ( Cap-Breton )
Income Tax Act — I-3.3
beginning at a point on the southwesterly shore of Chedabucto Bay near Red Head, said point being S70 degrees E (Nova Scotia grid meridian) from Geodetic Station Sand, thence in a southwesterly direction to a point on the northwesterly boundary of highway 344, said point being southwesterly 240 [FEET] from the intersection of King Brook with said highway boundary, thence northwesterly to Crown post 6678, thence continuing northwesterly to Crown post 6679, thence continuing northwesterly to Crown post 6680, thence continuing northwesterly to Crown post 6681, thence continuing northwesterly to Crown post 6632, thence continuing northwesterly to Crown post 6602, thence northerly to Crown post 8575; thence northerly to Crown post 6599, thence continuing northerly to Crown post 6600, thence northwesterly to the southwest angle of the Town of Mulgrave, thence along the westerly boundary of the Town of Mulgrave and a prolongation thereof northerly to the Antigonish-Guysborough county line, thence along said county line northeasterly to the southwesterly shore of the Strait of Canso, thence following the southwesterly shore of the Strait of Canso and the northwesterly shore of Chedabucto Bay southeasterly to the place of beginning; ( Cap-Breton )
Income Tax Act — I-3.3 (a)
certified property of a taxpayer means any property (other than an approved project property) described in paragraph (a) or (b) of the definition qualified property in this subsection (a) that was acquired by the taxpayer (i) after October 28, 1980 and (A) before 1987, or (B) before 1988 where the property is (I) a building under construction before 1987, or (II) machinery and equipment ordered in writing by the taxpayer before 1987, (ii) after 1986 and before 1989, other than a property included in subparagraph (i), (iii) after 1988 and before 1995, (iv) after 1994 and before 1996 where (A) the property is acquired by the taxpayer for use in a project that was substantially advanced by or on behalf of the taxpayer, as evidenced in writing, before February 22, 1994, and (B) construction of the project by or on behalf of the taxpayer begins before 1995, or (v) after 1994 where the property (A) is acquired by the taxpayer under a written agreement of purchase and sale entered into by the taxpayer before February 22, 1994, (B) was under construction by or on behalf of the taxpayer on February 22, 1994, or (C) is machinery or equipment that will be a fixed and integral part of property under construction by or on behalf of the taxpayer on February 22, 1994, and that has not been used, or acquired for use or lease, for any purpose whatever before it was acquired by the taxpayer, and (b) that is part of a facility as defined for the purposes of the Regional Development Incentives Act , chapter R-3 of the Revised Statutes of Canada, 1970, and was acquired primarily for use by the taxpayer in a prescribed area; ( bien certifié )
Income Tax Act — I-3.3
child care space amount [Repealed, 2017, c. 20, s. 23]
Income Tax Act — I-3.3
consolidated financial statements means financial statements in which the assets, liabilities, income, expenses and cash flows of the members of a group are presented as those of a single economic entity; ( états financiers consolidés )
Income Tax Act — I-3.3
consolidated group means a group of entities in respect of which an ultimate parent entity is required to prepare consolidated financial statements, or would be so required if equity interests in any of the entities were traded on a public securities exchange; ( groupe consolidé )
Income Tax Act — I-3.3 (a)
contract payment means (a) an amount paid or payable to a taxpayer, by a taxable supplier in respect of the amount, for scientific research and experimental development to the extent that it is performed (i) for or on behalf of a person or partnership entitled to a deduction in respect of the amount because of subparagraph 37(1)(a)(i.01) or (i.1), and (ii) at a time when the taxpayer is dealing at arm’s length with the person or partnership, or (b) an amount, other than a prescribed amount, payable by a Canadian government or municipality or other Canadian public authority or by a person exempt, because of section 149, from tax under this Part on all or part of the person’s taxable income for scientific research and experimental development to be performed for it or on its behalf; ( paiement contractuel )
Income Tax Act — I-3.3
critical mineral means bismuth, cesium, chromium, cobalt, copper, fluorspar, gallium, germanium, graphite, indium, lithium, magnesium, manganese, molybdenum, nickel, niobium, phosphate, a platinum group metal, a rare earth element, scandium, tantalum, tellurium, tin, titanium, tungsten, uranium, vanadium or zinc; ( minéral critique )
Income Tax Act — I-3.3
eligible apprentice means an individual who is employed in Canada in a trade prescribed in respect of a province or in respect of Canada, during the first twenty-four months of the individual’s apprenticeship contract registered with the province or Canada, as the case may be, under an apprenticeship program designed to certify or license individuals in the trade; ( apprenti admissible )
Income Tax Act — I-3.3 (a)
eligible Canadian public corporation , at the relevant time in a taxation year, means (a) a corporation that (i) is resident in Canada, (ii) is a public corporation, or would be a public corporation if the words “designated stock exchange in Canada” in paragraph (a) of the definition public corporation in subsection 89(1) were read as “designated stock exchange”, (iii) is not controlled, directly or indirectly in any manner whatever, by one or more non-resident persons, and (iv) would not, if each share of its capital stock that is owned by a non-resident person (as determined, absent actual knowledge, based on publicly available information, including information filed pursuant to applicable securities laws before the year) were owned by a particular person, be controlled by the particular person, or (b) an eligible subsidiary; ( société publique canadienne admissible )
Income Tax Act — I-3.3
eligible child care space expenditure [Repealed, 2017, c. 20, s. 23]
Income Tax Act — I-3.3
eligible salary and wages payable by a taxpayer to an eligible apprentice means the amount, if any, that is the salary and wages payable by the taxpayer to the eligible apprentice in respect of the first 24 months of the apprenticeship (other than a qualified expenditure incurred by the taxpayer in a taxation year, remuneration that is based on profits, bonuses, amounts described in section 6 or 7, and amounts deemed to be incurred by subsection 78(4)); ( traitement et salaire admissibles )
Income Tax Act — I-3.3 (a)
eligible subsidiary means a corporation (a) that is resident in Canada, and (b) not less than 90% of the issued shares of each class of the capital stock of which is owned, directly or indirectly, by one or more corporations that are eligible Canadian public corporations because of paragraph (a) of that definition; ( filiale admissible )
Income Tax Act — I-3.3 (a)
eligible taxpayer means (a) a corporation other than a non-qualifying corporation, (b) an individual other than a trust, (c) a trust all the beneficiaries of which are eligible taxpayers, and (d) a partnership all the members of which are eligible taxpayers, and for the purpose of this definition, a beneficiary of a trust is a person or partnership that is beneficially interested in the trust; ( contribuable admissible )
Income Tax Act — I-3.3 (a)
entity means (a) a corporation, partnership or trust, or (b) any other arrangement, association, organization or body whether registered or unregistered for which separate financial accounts are prepared; ( entité )
Income Tax Act — I-3.3
financial statements means financial statements prepared in accordance with acceptable accounting standards , as defined in subsection 18.21(1); ( états financiers )
Income Tax Act — I-3.3
first term shared-use-equipment , of a taxpayer, means depreciable property of the taxpayer (other than prescribed depreciable property of a taxpayer) that is used by the taxpayer, during its operating time in the period (in this subsection and subsection (11.5) referred to as the “first period”) beginning at the time the property was acquired by the taxpayer and ending at the end of the taxpayer’s first taxation year ending at least 12 months after that time, primarily for the prosecution of scientific research and experimental development in Canada, but does not include general purpose office equipment or furniture; ( matériel à vocations multiples de première période )
Income Tax Act — I-3.3
fiscal year means an annual accounting period in respect of which a corporation prepares its financial statements; ( exercice )