Income Tax Act — I-3.3 125.7
admissibilité ) qualifying property , of an eligible entity for a qualifying period, means real or immovable property (other than property that is a self-contained domestic establishment used by the eligible entity or by a person not dealing at arm’s length with the eligible entity, or part of such a self-contained domestic establishment, the land subjacent to the self-contained domestic establishment and such portion of any immediately contiguous land as can reasonably be regarded as contributing to the use and enjoyment of the self-contained domestic establishment as a residence) in Canada used by the eligible entity in the course of its ordinary activities. ( bien admissible ) qualifying public health restriction , of an eligible entity for a qualifying period, means that (a) one or more qualifying properties of the eligible entity — or of one or more specified tenants (within the meaning of the definition public health restriction ) of the eligible entity — is subject to a public health restriction for at least seven days in the qualifying period; and (b) it is reasonable to conclude that at least approximately 25% of the qualifying revenues of the eligible entity — together with the qualifying revenues of any specified tenants of the eligible entity — for the prior reference period were derived from the restricted activities. ( restrictions sanitaires admissibles ) qualifying recovery entity , for a qualifying period, means an eligible entity that meets the following conditions: (a) it files an application with the Minister in respect of the qualifying period in prescribed form and manner no later than 180 days after the end of the qualifying period; (b) it would be a qualifying entity for the qualifying period if the definition qualifying entity were read without reference to its paragraph (a); (c) if it is a corporation (other than a corporation that is exempt from tax under this Part), it (i) is a Canadian-controlled private corporation, or (ii) would be a Canadian-controlled private corporation absent the application of subsection 136(1); (d) if it is a partnership, throughout the qualifying period it is the case that A ≤ 0.5B where A is the total of all amounts, each of which is the fair market value of an interest in the partnership held — directly or indirectly, through one or more partnerships — by (i) a person or partnership other than an eligible entity, or (ii) a corporation, other than a corporation that (A) is exempt from tax under this Part, or (B) is described in subparagraph (c)(i) or (ii), and B is the total fair market value of all interests in the partnership; and (e) it has a revenue reduction percentage (i) greater than 0%, if it is the seventeenth qualifying period, or (ii) greater than 10% (or a percentage determined by regulation for the qualifying period), if it is any of the eighteenth qualifying period and subsequent qualifying periods. ( entité de relance admissible ) qualifying rent expense , in respect of a qualifying property for an eligible entity for a qualifying period, means the amount determined by the formula A − B where A is the lesser of $75,000 and the total of all amounts paid — under a written agreement entered into before October 9, 2020, or pursuant to the renewal (on substantially similar terms) or assignment of a written agreement entered into before October 9, 2020 — in respect of the qualifying period by the eligible entity to a party with which the eligible entity deals at arm’s length, each of which is (a) rent for the use of, or right to use, the qualifying property, (i) including (A) gross rent, (B) rent based on a percentage of sales, profit or a similar criterion, (C) amounts required to be paid under a net lease by the eligible entity either to the lessor or a third party, as (I) base rent, (II) regular instalments of operating expenses, such as insurance, utilities and common area maintenance expenses, customarily charged to the lessee under a net lease, (III) proper