GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3 (a)
former business property , in respect of a taxpayer, means a capital property of the taxpayer that was used by the taxpayer or a person related to the taxpayer primarily for the purpose of gaining or producing income from a business, and that was real or immovable property of the taxpayer, an interest of the taxpayer in real property, a right of the taxpayer in an immovable or a property that is the subject of an election under subsection 13(4.2), but does not include (a) a rental property of the taxpayer, (b) land subjacent to a rental property of the taxpayer, (c) land contiguous to land referred to in paragraph (b) that is a parking area, driveway, yard or garden or that is otherwise necessary for the use of the rental property referred to in that paragraph, or (d) a leasehold interest in any property described in paragraphs (a) to (c), and for the purpose of this definition, rental property of a taxpayer means real or immovable property owned by the taxpayer, whether jointly with another person or otherwise, and used by the taxpayer in the taxation year in respect of which the expression is being applied principally for the purpose of gaining or producing gross revenue that is rent (other than property leased by the taxpayer to a person related to the taxpayer and used by that related person principally for any other purpose), but, for greater certainty, does not include a property leased by the taxpayer or the related person to a lessee, in the ordinary course of a business of the taxpayer or the related person of selling goods or rendering services, under an agreement by which the lessee undertakes to use the property to carry on the business of selling or promoting the sale of the goods or services of the taxpayer or the related person; ( ancien bien d’entreprise )
Income Tax Act — I-3.3
fossil fuel has the same meaning as in subsection 1104(13) of the Income Tax Regulations ; ( combustible fossile )
Income Tax Act — I-3.3 (a)
fully collateralized arrangement means a securities lending arrangement or a specified securities lending arrangement if, throughout the term of the arrangement, the borrower (a) has provided the lender under the arrangement with money in an amount of, or securities described in paragraph (c) of the definition qualified security in subsection 260(1) that have a fair market value of, not less than 95% of the fair market value of the security that is transferred or lent under the arrangement, and (b) is entitled to enjoy, directly or indirectly, the benefits of all or substantially all income derived from, and opportunity for gain in respect of, the money or securities provided; ( mécanisme entièrement garanti )
Income Tax Act — I-3.3
functional currency [Repealed, 2009, c. 2, s. 76]
Income Tax Act — I-3.3
general rate income pool has the meaning assigned by subsection 89(1); ( compte de revenu à taux général )
Income Tax Act — I-3.3
goods and services tax means the tax payable under Part IX of the Excise Tax Act ; ( taxe sur les produits et services )
Income Tax Act — I-3.3 (a)
graduated rate estate , of an individual at any time, means the estate that arose on and as a consequence of the individual’s death if (a) that time is no more than 36 months after the death, (b) the estate is at that time a testamentary trust, (c) the individual’s Social Insurance Number (or if the individual had not, before the death, been assigned a Social Insurance Number, such other information as is acceptable to the Minister) is provided in the estate’s return of income under Part I for the taxation year that includes that time and for each of its earlier taxation years that ended after 2015, (d) the estate designates itself as the graduated rate estate of the individual in its return of income under Part I for its first taxation year that ends after 2015, and (e) no other estate designates itself as the graduated rate estate of the individual in a return of income under Part I for a taxation year that ends after 2015; ( succession assujettie à l’imposition à taux progressifs )
Income Tax Act — I-3.3 (a)
grandfathered share means (a) a share of the capital stock of a corporation issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 pursuant to an agreement in writing entered into before that time, (b) a share of the capital stock of a corporation issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 and before 1988 as part of a distribution to the public made in accordance with the terms of a prospectus, preliminary prospectus, registration statement, offering memorandum or notice filed before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 with a public authority pursuant to and in accordance with the securities legislation of the jurisdiction in which the shares are distributed, (c) a share (in this paragraph referred to as the “new share”) of the capital stock of a corporation that is issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 in exchange for (i) a share of a corporation that was issued before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 or is a grandfathered share, or (ii) a debt obligation of a corporation that was (A) issued before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987, or (B) issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 under an agreement in writing entered into before that time, or after that time and before 1988 as part of a distribution to the public made in accordance with the terms of a prospectus, preliminary prospectus, registration statement, offering memorandum or notice filed before that time with a public authority under and in accordance with the securities legislation of the jurisdiction in which the debt obligation is distributed, where the right to the exchange and all or substantially all the terms and conditions of the new share were established in writing before that time, and (d) a share of a class of the capital stock of a Canadian corporation listed on a designated stock exchange that is issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 on the exercise of a right that (i) was issued before that time, that was issued after that time under an agreement in writing entered into before that time or that was issued after that time and before 1988 as part of a distribution to the public made in accordance with the terms of a prospectus, preliminary prospectus, registration statement, offering memorandum or notice filed before that time with a public authority under and in accordance with the securities legislation of the jurisdiction in which the rights were distributed, and (ii) was listed on a designated stock exchange, where all or substantially all the terms and conditions of the right and the share were established in writing before that time, except that a share that is deemed under the definition short-term preferred share , taxable preferred share or term preferred share in this subsection or under subsection 112(2.22) to have been issued at any time is deemed after that time not to be a grandfathered share for the purposes of that provision; ( action de régime transitoire )
Income Tax Act — I-3.3 (a)
gross revenue of a taxpayer for a taxation year means the total of (a) all amounts received in the year or receivable in the year (depending on the method regularly followed by the taxpayer in computing the taxpayer’s income) otherwise than as or on account of capital, and (b) all amounts (other than amounts referred to in paragraph (a)) included in computing the taxpayer’s income from a business or property for the year because of subsection 12(3) or (4) or section 12.2 of this Act or subsection 12(8) of the Income Tax Act , chapter 148 of the Revised Statutes of Canada, 1952; ( revenu brut )
Income Tax Act — I-3.3 (a)
group term life insurance policy means a group life insurance policy under which the only amounts payable by the insurer are (a) amounts payable on the death or disability of individuals whose lives are insured in respect of, in the course of or because of, their office or employment or former office or employment, and (b) policy dividends or experience rating refunds; ( police d’assurance-vie collective temporaire )
Income Tax Act — I-3.3
highest individual percentage , for a taxation year, means the highest percentage referred to in subsection 117(2) for the taxation year; ( taux d’imposition supérieur pour l’année )
Income Tax Act — I-3.3 (a)
home relocation loan means a loan received by an individual or the individual’s spouse or common-law partner in circumstances where the individual has commenced employment at a location in Canada (in this definition referred to as the “new work location”) and by reason thereof has moved from the residence in Canada at which, before the move, the individual ordinarily resided (in this definition referred to as the “old residence”) to a residence in Canada at which, after the move, the individual ordinarily resided (in this definition referred to as the “new residence”) if (a) the distance between the old residence and the new work location is at least 40 kilometres greater than the distance between the new residence and the new work location, (b) the loan is used to acquire a dwelling, or a share of the capital stock of a cooperative housing corporation acquired for the sole purpose of acquiring the right to inhabit a dwelling owned by the corporation, where the dwelling is for the habitation of the individual and is the individual’s new residence, (c) the loan is received in the circumstances described in subsection 80.4(1), or would have been so received if subsection 80.4(1.1) had applied to the loan at the time it was received, and (d) the loan is designated by the individual to be a home relocation loan, but in no case shall more than one loan in respect of a particular move, or more than one loan at any particular time, be designated as a home relocation loan by the individual; ( prêt à la réinstallation )
Income Tax Act — I-3.3 (a)
income-averaging annuity contract of an individual means, except for the purposes of section 61, a contract (a) that is an income-averaging annuity contract within the meaning assigned by subsection 61(4), and (b) in respect of which the individual has made a deduction under section 61 in computing the individual’s income for a taxation year; ( contrat de rente à versements invariables )
Income Tax Act — I-3.3 (a)
nstitution , or (II) a corporation that was controlled by one or more corporations described in subclause (I) and, for the purpose of this subclause, 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, (C) was acquired from a person that was, at the time the person last acquired the bond or debenture and at the particular time, a person other than a corporation described in any of paragraphs (a) to (f) of that definition, and (D) was acquired otherwise than under an agreement in writing made before October 24, 1979, or (v) at a particular time after November 12, 1981, a specified financial institution (or a partnership or trust of which a specified financial institution or a person related to the institution is a member or beneficiary) acquires a bond or debenture that (A) was not a bond or debenture referred to in paragraph (c), (B) was acquired from a person that was, at the particular time, a corporation described in any of paragraphs (a) to (f) of the definition specified financial institution , and (C) was acquired subject to or conditional on a guarantee agreement (within the meaning that would be assigned by subsection 112(2.2) if the reference in that subsection to a “share” were read as a reference to an “income bond” or “income debenture”) that was entered into after November 12, 1981, the bond or debenture shall, for the purposes of determining at any time after the particular time whether it is an income bond or income debenture, be deemed to have been issued at the particular time otherwise than pursuant to an established agreement; ( obligation à intérêt conditionnel )
Income Tax Act — I-3.3
income interest of a taxpayer in a trust has the meaning assigned by subsection 108(1); ( participation au revenu )
Income Tax Act — I-3.3
indexed debt obligation means a debt obligation the terms or conditions of which provide for an adjustment to an amount payable in respect of the obligation for a period during which the obligation was outstanding that is determined by reference to a change in the purchasing power of money; ( titre de créance indexé )
Income Tax Act — I-3.3
individual means a person other than a corporation; ( particulier )
Income Tax Act — I-3.3
insurance corporation means a corporation that carries on an insurance business; ( compagnie d’assurance )
Income Tax Act — I-3.3
insurance policy includes a life insurance policy; ( police d’assurance )
Income Tax Act — I-3.3
insurer has the meaning assigned by this subsection to the expression insurance corporation ; ( assureur )
Income Tax Act — I-3.3
interest and financing expenses has the same meaning as in subsection 18.2(1), except for the purposes of the definition economic profit in subsection 126(7); ( dépenses d’intérêts et de financement )
Income Tax Act — I-3.3
interest and financing revenues has the same meaning as in subsection 18.2(1); ( revenus d’intérêts et de financement )
Income Tax Act — I-3.3 (a)
international shipping means the operation of a ship owned or leased by a person or partnership (in this definition referred to as the “operator”) that is used, either directly or as part of a pooling arrangement, primarily in transporting passengers or goods in international traffic — determined as if, except where paragraph (c) of the definition international traffic in this subsection applies, any port or other place on the Great Lakes or St. Lawrence River is in Canada — including the chartering of the ship, provided that one or more persons related to the operator (if the operator and each such person is a corporation), or persons or partnerships affiliated with the operator (in any other case), has complete possession, control and command of the ship, and any activity incident to or pertaining to the operation of the ship, but does not include (a) the offshore storing or processing of goods, (b) fishing, (c) laying cable, (d) salvaging, (e) towing, (f) tug-boating, (g) offshore oil and gas activities (other than the transportation of oil and gas), including exploration and drilling activities, (h) dredging, or (i) leasing a ship by a lessor to a lessee that has complete possession, control and command of the ship, unless the lessor or a corporation, trust or partnership affiliated with the lessor has an eligible interest (as defined in subsection 250(6.04)) in the lessee; ( transport maritime international )
Income Tax Act — I-3.3 (a)
international traffic means, in respect of a person or partnership carrying on the business of transporting passengers or goods, a voyage made in the course of that business if the principal purpose of the voyage is to transport passengers or goods (a) from Canada to a place outside Canada, (b) from a place outside Canada to Canada, or (c) from a place outside Canada to another place outside Canada; ( transport international )
Income Tax Act — I-3.3
inter vivos trust has the meaning assigned by subsection 108(1); ( fiducie non testamentaire )
Income Tax Act — I-3.3 (a)
inventory means a description of property the cost or value of which is relevant in computing a taxpayer’s income from a business for a taxation year or would have been so relevant if the income from the business had not been computed in accordance with the cash method and includes (a) with respect to a farming business, all of the livestock held in the course of carrying on the business, and (b) an emissions allowance; ( inventaire )
Income Tax Act — I-3.3
investment corporation has the meaning assigned by subsection 130(3); ( société de placement )
Income Tax Act — I-3.3
investment tax credit has the meaning assigned by subsection 127(9); ( crédit d’impôt à l’investissement )
Income Tax Act — I-3.3
joint spousal or common-law partner trust means a trust to which paragraph 104(4)(a) would apply if that paragraph were read without reference to subparagraph 104(4)(a)(iii) and clause 104(4)(a)(iv)(A); ( fiducie mixte au profit de l’époux ou du conjoint de fait )
Income Tax Act — I-3.3
lawyer has the meaning assigned by subsection 232(1); ( avocat )
Income Tax Act — I-3.3
legal representative of a taxpayer means a trustee in bankruptcy, an assignee, a liquidator, a curator, a receiver of any kind, a trustee, an heir, an administrator, an executor, a liquidator of a succession, a committee, or any other like person, administering, winding up, controlling or otherwise dealing in a representative or fiduciary capacity with the property that belongs or belonged to, or that is or was held for the benefit of, the taxpayer or the taxpayer’s estate; ( représentant légal )
Income Tax Act — I-3.3
lending asset means a bond, debenture, mortgage, hypothecary claim, note, agreement of sale or any other indebtedness or a prescribed share, but does not include a prescribed property; ( titre de crédit )
Income Tax Act — I-3.3 (a)
LIA policy means a life insurance policy (other than an annuity) where (a) a particular person or partnership becomes obligated after March 20, 2013 to repay an amount to another person or partnership (in this definition referred to as the “lender”) at a time determined by reference to the death of a particular individual whose life is insured under the policy, and (b) the lender is assigned an interest in (i) the policy, and (ii) an annuity contract the terms of which provide that payments are to continue for a period that ends no earlier than the death of the particular individual; ( police RAL )
Income Tax Act — I-3.3
licensed annuities provider has the meaning assigned by subsection 147(1); ( fournisseur de rentes autorisé )
Income Tax Act — I-3.3 (a)
life insurance business includes (a) an annuities business, and (b) the business of issuing contracts all or any part of the issuer’s reserves for which vary in amount depending on the fair market value of a specified group of assets, carried on by a life insurance corporation or a life insurer; ( entreprise d’assurance-vie )
Income Tax Act — I-3.3
life insurance capital dividend has the meaning assigned by subsection 83(2.1); ( dividende en capital d’assurance-vie )
Income Tax Act — I-3.3
life insurance corporation means a corporation that carries on a life insurance business that is not a business described in paragraph (a) or (b) of the definition life insurance business in this subsection, whether or not the corporation also carries on a business described in either of those paragraphs; ( compagnie d’assurance-vie )
Income Tax Act — I-3.3
life insurance policy has the meaning assigned by subsection 138(12); ( police d’assurance-vie )
Income Tax Act — I-3.3
life insurance policy in Canada has the meaning assigned by subsection 138(12); ( police d’assurance-vie au Canada )
Income Tax Act — I-3.3
life insurer has the meaning assigned by this subsection to the expression life insurance corporation ; ( assureur sur la vie )
Income Tax Act — I-3.3
limited partnership loss has the meaning assigned by subsection 96(2.1); ( perte comme commanditaire )
Income Tax Act — I-3.3
limited-recourse amount means an amount that is a limited-recourse amount under section 143.2; ( montant à recours limité )
Income Tax Act — I-3.3 (a)
listed international agreement means (a) the Convention on Mutual Administrative Assistance in Tax Matters , concluded at Strasbourg on January 25, 1988, as amended from time to time by a protocol, or other international instrument, as ratified by Canada, or (b) a comprehensive tax information exchange agreement that Canada has entered into and that has effect, in respect of another country or jurisdiction; ( accord international désigné )
Income Tax Act — I-3.3
listed personal property has the meaning assigned by section 54; ( biens meubles déterminés )
Income Tax Act — I-3.3
low rate income pool has the meaning assigned by subsection 89(1); ( compte de revenu à taux réduit )
Income Tax Act — I-3.3 (a)
majority-interest partner , of a particular partnership at any time, means a person or partnership (in this definition referred to as the “taxpayer”) (a) whose share of the particular partnership’s income from all sources for the last fiscal period of the particular partnership that ended before that time (or, if the particular partnership’s first fiscal period includes that time, for that period) would have exceeded 1/2 of the particular partnership’s income from all sources for that period if the taxpayer had held throughout that period each interest in the partnership that the taxpayer or a person affiliated with the taxpayer held at that time, or (b) whose share, if any, together with the shares of every person with whom the taxpayer is affiliated, of the total amount that would be paid to all members of the particular partnership (otherwise than as a share of any income of the partnership) if it were wound up at that time exceeds 1/2 of that amount; ( associé détenant une participation majoritaire )
Income Tax Act — I-3.3
mineral includes ammonite gemstone, bituminous sands, calcium chloride, coal, kaolin, oil shale and silica, but does not include petroleum, natural gas or a related hydrocarbon not expressly referred to in this definition; ( minéral )
Income Tax Act — I-3.3 (a)
mineral resource means (a) a base or precious metal deposit, (b) a coal deposit, (c) a bituminous sands deposit or oil shale deposit, or (d) a mineral deposit in respect of which (i) the Minister of Natural Resources has certified that the principal mineral extracted is an industrial mineral contained in a non-bedded deposit, (ii) the principal mineral extracted is ammonite gemstone, calcium chloride, diamond, gypsum, halite, kaolin, lithium or sylvite, or (iii) the principal mineral extracted is silica that is extracted from sandstone or quartzite; ( matières minérales ou ressource minérale )
Income Tax Act — I-3.3
minerals [Repealed, 1994, c. 21, s. 109]
Income Tax Act — I-3.3
mining reclamation trust [Repealed, 1998, c. 19, s. 66]
Income Tax Act — I-3.3
Minister means the Minister of National Revenue; ( ministre )
Income Tax Act — I-3.3
money purchase limit for a calendar year has the meaning assigned by subsection 147.1(1); ( plafond des cotisations déterminées )
Income Tax Act — I-3.3
mortgage investment corporation has the meaning assigned by subsection 130.1(6); ( société de placement hypothécaire )
Income Tax Act — I-3.3 (a)
motor vehicle means an automotive vehicle designed or adapted to be used on highways and streets but does not include (a) a trolley bus, or (b) a vehicle designed or adapted to be operated exclusively on rails; ( véhicule à moteur )
Income Tax Act — I-3.3
mutual fund corporation has the meaning assigned by subsection 131(8); ( société de placement à capital variable )
Income Tax Act — I-3.3
mutual fund trust has the meaning assigned by subsection 132(6); ( fiducie de fonds commun de placement )
Income Tax Act — I-3.3
net capital loss has the meaning assigned by subsection 111(8), except as otherwise expressly provided; ( perte en capital nette )
Income Tax Act — I-3.3 (a)
net corporate income tax rate in respect of a SIFT trust or SIFT partnership for a taxation year means the amount, expressed as a decimal fraction, by which (a) the percentage rate of tax provided under paragraph 123(1)(a) for the taxation year exceeds (b) the total of (i) the percentage that would, if the SIFT trust or SIFT partnership were a corporation, be its general rate reduction percent- age, within the meaning assigned by subsection 123.4(1), for the taxation year, and (ii) the percentage deduction from tax provided under subsection 124(1) for the taxation year; ( taux net d’imposition du revenu des sociétés )