GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3 (a)
TIN means (a) the number used by the Minister to identify an individual or entity, including (i) a social insurance number, (ii) a business number, and (iii) an account number issued to a trust; and (b) in respect of a jurisdiction other than Canada, a taxpayer identification number, including a VAT/GST registration number issued by the jurisdiction of the primary address of the seller, or a functional equivalent in the absence of a taxpayer identification number. ( NIF )
Income Tax Act — I-3.3 283
Excluded seller 283 (1) For the purpose of determining whether a seller is an excluded seller under paragraph (a) or (d) of that definition in subsection 282(1), a reporting platform operator may rely on its available records. Excluded seller – entity (2) For the purpose of determining whether a seller that is an entity is an excluded seller under paragraph (b) or (c) of that definition in subsection 282(1), a reporting platform operator may rely on publicly available information or a confirmation from the seller. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 284
Seller information – individual 284 (1) The reporting platform operator must collect the following information for each seller that is an individual (other than a trust) and that is not an excluded seller (a) the first and last name of the individual; (b) the primary address of the individual; (c) the TIN issued to the individual, including the jurisdiction of issuance; and (d) the date of birth of the individual. Seller information – entity (2) The reporting platform operator must collect the following information for each seller (other than a seller described in subsection (1)) that is not an excluded seller (a) the legal name of the entity; (b) the primary address of the entity; (c) the TIN issued to the entity, including the jurisdiction of issuance; and (d) the business registration number of the entity. Government verification services (3) Notwithstanding subsections (1) and (2), the reporting platform operator is not required to collect information pursuant to paragraphs (1)(b) to (d) or (2)(b) to (d) in respect of a seller where the reporting platform operator relies on a government verification service to ascertain the identity and residence of the seller. TIN collection (4) Notwithstanding paragraphs (1)(c) and (2)(c) and (d), the TIN or the business registration number, respectively, are not required to be collected if (a) the jurisdiction of residence of the seller does not issue a TIN or business registration number to the seller; or (b) the jurisdiction of residence of the seller does not require the collection of the TIN issued to such seller. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 285
Verification of seller information 285 (1) The reporting platform operator must determine whether the information collected under subsection 283(2) and sections 284 and 287 is reliable, using all records available to the reporting platform operator, as well as any publicly available electronic interface to ascertain the validity of the TIN. Due diligence (2) Notwithstanding subsection (1), for the completion of the due diligence procedures pursuant to subsection 288(2), the reporting platform operator may determine whether the information collected pursuant to subsection 283(2) and sections 284 and 287 is reliable using electronically searchable records available to the reporting platform operator. Verifying accuracy (3) For the purpose of paragraph 288(3)(b), despite subsections (1) and (2), in instances where the reporting platform operator has reason to know that any of the information items described in section 284 or 287 may be inaccurate by virtue of information provided by the Minister, it must verify such information item using reliable, independent-source documents, data or information. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 286
Residence 286 (1) A reporting platform operator must consider a seller resident in the jurisdiction of the seller’s primary address. Government verification service (2) Notwithstanding subsection (1), a reporting platform operator must consider a seller resident in each jurisdiction confirmed by a government verification service pursuant to subsection 284(3). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 287
Rented immovable property 287 Where a seller provides relevant services for the rental of immovable property, the reporting platform operator must collect the address of each property listing. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 288
Due diligence 288 (1) A reporting platform operator must complete the due diligence procedures set out in sections 283 to 287 by December 31 of the reportable period. Previously registered accounts (2) Despite subsection (1), the due diligence procedures set out in sections 283 to 287 are required to be completed by December 31 of the second reportable period of the reporting platform operator, for sellers that are already registered on the platform (a) as of January 1, 2024; or (b) as of the date on which an entity becomes a reporting platform operator. Previous due diligence (3) Notwithstanding subsection (1), a reporting platform operator may rely on the due diligence procedures conducted in respect of previous reportable periods, provided (a) the primary address of the seller has been either collected and verified or confirmed within the last 36 months; and (b) the reporting platform operator does not have reason to know that the information collected pursuant to sections 283, 284 and 287 is or has become unreliable or incorrect. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 289
Active sellers 289 A reporting platform operator may elect to complete the due diligence procedures under sections 283 to 288 in respect of active sellers only. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 290
Due diligence by third parties 290 (1) A reporting platform operator may rely on a third-party service provider to fulfil the due diligence obligations under sections 291 and 292, but such obligations remain the responsibility of the reporting platform operator. Partner jurisdiction (2) When a platform operator fulfils the due diligence obligations for a reporting platform operator with respect to the same platform under subsection (1), such platform operator may carry out the due diligence procedures pursuant to substantially similar rules in its partner jurisdiction. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 291
Reporting to Minister 291 (1) A reporting platform operator must report to the Minister the information set out in section 292 with respect to the reportable period no later than January 31 of the year following the calendar year in which the seller is identified as a reportable seller. Reporting to seller (2) A reporting platform operator must provide the information set out under section 292 to the reportable seller to which it relates no later than January 31 of the year following the calendar year in which the seller is identified as a reportable seller. Reporting not required (3) Notwithstanding subsections (1) and (2), the information in relation to a reportable seller is neither required to be reported to the Minister nor to be made available to the reportable seller in circumstances where the reporting platform operator has obtained adequate assurances that another platform operator has or will fulfil the reporting obligations under this section and section 292 (a) with respect to the reportable seller pursuant to the rules in Canada; or (b) with respect to the reportable seller, other than a reportable seller resident in Canada, under substantially similar rules in a partner jurisdiction. Reporting (4) A reporting platform operator required to report information under this section shall report the information in prescribed form. Electronic filing (5) Information required to be reported under this section shall be filed by way of electronic filing. Currency (6) The information with respect to the consideration paid or credited in a fiat currency must be reported in the currency in which it was paid or credited. In case the consideration was paid or credited in a form other than fiat currency, it should be reported in the local currency of Canada, converted or valued in a manner that is determined consistently by the reporting platform operator. Reporting in respect of quarter (7) The information with respect to the consideration and other amounts must be reported in respect of the quarter in which the consideration was paid or credited. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 293
Production of TIN 293 (1) Every reportable seller shall provide their TIN at the request of a reporting platform operator that is required under this Part to make an information return requiring the TIN. Confidentiality of TIN (2) A reporting platform operator required to make an information return referred to in subsection (1) shall not knowingly use, communicate or allow to be communicated, otherwise than as required or authorized under this Act or a regulation, the TIN without the written consent of the reportable seller. Penalty for failure to provide TIN (3) Every reportable seller who fails to provide on request their TIN to a reporting platform operator that is required under this Part to make an information return requiring the TIN is liable to a penalty of $500 for each such failure, unless (a) an application for the assignment of the TIN is made to the relevant reportable jurisdiction not later than 90 days after the request was made and the TIN is provided to the reporting platform operator that requested it within 15 days after the reportable seller received it; or (b) the reportable seller is not eligible to obtain a TIN from the relevant reportable jurisdiction (including because the relevant reportable jurisdiction does not issue TINs). Assessment (4) The Minister may at any time assess any amount payable under subsection (3) by a reportable seller and, if the Minister sends a notice of assessment to the reportable seller, sections 150 to 163, subsections 164(1) and (1.4) to (7), sections 165 to 167 and Division J of Part I apply with such modifications as the circumstances require. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 294
Record keeping 294 (1) Every reporting platform operator shall keep, at its place of business or at such other place as may be designated by the Minister, records that it obtains or creates for the purpose of complying with this Part, including records of documentary evidence. Form of records (2) Every reporting platform operator required by this Part to keep records that does so electronically shall retain them in an electronically readable format for the retention period referred to in subsection (3). Retention of records (3) Every reporting platform operator that is required to keep, obtain or create records under this Part shall retain those records for a period of at least six years following the end of the last calendar year in respect of which the record is relevant. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3 295
Anti-avoidance 295 If a person enters into an arrangement or engages in a practice, the primary purpose of which can reasonably be considered to be to avoid an obligation under this Part, the person is subject to the obligation as if the person had not entered into the arrangement or engaged in the practice. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2023, c. 26, s. 78
Income Tax Act — I-3.3
Ally Credit Canada Limited/ Ally Crédit Canada Limitée
Income Tax Act — I-3.3
AmeriCredit Financial Services of Canada Ltd.
Income Tax Act — I-3.3
Canaccord Capital Credit Corporation/ Corporation de crédit Canaccord capital
Income Tax Act — I-3.3
Canaccord Financial Holdings Inc./ Corporation financière Canaccord Inc.
Income Tax Act — I-3.3
Canadian Cooperative Agricultural Financial Services
Income Tax Act — I-3.3
Citibank Canada Investment Funds Limited
Income Tax Act — I-3.3
Citicapital Commercial Corporation/ Citicapital Corporation Commerciale
Income Tax Act — I-3.3
Citi Cards Canada Inc./ Cartes Citi Canada Inc.
Income Tax Act — I-3.3
CitiFinancial Canada East Corporation/ CitiFinancière, corporation du Canada Est
Income Tax Act — I-3.3
CitiFinancial Canada, Inc./ CitiFinancière Canada, Inc.
Income Tax Act — I-3.3
Ford Credit Canada Company/ Compagnie Crédit Ford du Canada
Income Tax Act — I-3.3
GMAC Residential Funding of Canada, Limited
Income Tax Act — I-3.3
John Deere Credit Inc./ Crédit John Deere Inc.
Income Tax Act — I-3.3
PACCAR Financial Ltd./ Compagnie Financière Paccar Ltée
Income Tax Act — I-3.3
Paradigm Fund Inc./ Le Fonds Paradigm Inc.
Income Tax Act — I-3.3
Prêts étudiants Atlantique Inc. /Atlantic Student Loans Inc.
Income Tax Act — I-3.3
RT Mortgage-Backed Securities II Limited
Income Tax Act — I-3.3
State Farm Finance Corporation of Canada/ Corporation de Crédit State Farm du Canada
Income Tax Act — I-3.3
Trans Canada Retail Services Company/ Société de services de détails trans Canada
Income Tax Act — I-3.3
Wells Fargo Financial Canada Corporation
Income Tax Act — I-3.3 26
Review 26 Within two years after the coming into force of this section, the committee of the Senate that normally considers electoral matters, and the committee of the House of Commons that normally considers electoral matters, shall each undertake a comprehensive review of the amendments made by this Act and submit a report to its House containing its recommendations concerning those amendments.
Income Tax Act — I-3.3 6
6 For the purpose of applying section 118.1 of the Act, a gift made by an individual after 2004 and before January 12, 2005 is deemed to have been made by the individual in the individual’s 2004 taxation year and not in the individual’s 2005 taxation year if (a) the individual claims an amount under subsection 118.1(3) of the Act in respect of the gift for the individual’s 2004 taxation year; (b) the gift was made to a registered charity listed under the International Humanitarian Assistance program of the Canadian International Development Agency; (c) the individual directed the charity to apply the gift to the tsunami relief effort; and (d) the gift was in the form of cash or was transferred by way of cheque, credit card or money order.
Income Tax Act — I-3.3 177
177 (2) Subsection (1) applies in respect of overpayments that are deemed to arise during months that are after June 2007, and, for overpayments that are deemed to arise during months that are after June 2006 and before July 2007, the description of D in subsection 122.61(1) of the Act is to be read as follows: D is the product obtained by multiplying $249 by the number of qualified dependants who have attained the age of 6 years before the month and have not attained the age of 7 years before the month and in respect of whom the person is an eligible individual at the beginning of the month, and
Income Tax Act — I-3.3 108
Coming into force 108 (4.1) Sections 63 and 64 come into force or are deemed to have come into force on January 1, 2007, but do not apply in respect of monetary contributions made before that day.
Income Tax Act — I-3.3 3
3 Sections 1 and 2 apply to taxation years that end after the day on which this Act is assented to.
Income Tax Act — I-3.3 81
81 (1) For the purposes of the Income Tax Act and the Canada Disability Savings Act , specified RDSP events are deemed to have occurred, in the order that they actually occurred, on December 31, 2008 and not on the day or days that they actually occurred. (2) For the purposes of subsection (1), specified RDSP event means an event occurring after 2008 and before March 3, 2009 that (a) establishes a disability savings plan as defined in subsection 146.4(1) of the Income Tax Act ; (b) satisfies conditions in subsection 146.4(2) of the Income Tax Act ; (c) establishes a registered disability savings plan as defined in subsection 146.4(1) of the Income Tax Act for a beneficiary who is, in respect of the 2008 taxation year, a DTC-eligible individual as defined in subsection 146.4(1) of the Income Tax Act and who was resident in Canada at the end of that year; (d) is the making of any contribution to the registered disability savings plan; (e) satisfies the requirement in paragraph 3(b) of the Canada Disability Savings Regulations ; or (f) is the taking of any other action to ensure that the registered disability savings plan is validly established and contributions to the plan are validly made.
Income Tax Act — I-3.3 7
Consolidated Revenue Fund 7 For the purpose of subsection 164(1.6) of the Income Tax Act , the Minister of National Revenue may make payments to a person or partnership out of the Consolidated Revenue Fund, at the times and in the manner that the Minister considers appropriate.
Income Tax Act — I-3.3 10
Payment out of Consolidated Revenue Fund 10 Any amount payable by the Minister of Employment and Social Development in relation to the administration of a program to provide a one-time payment to persons with disabilities for reasons related to the coronavirus disease 2019 (COVID-19), including any administrative cost, is to be paid out of the Consolidated Revenue Fund.
Income Tax Act — I-3.3
(32.1) The Minister of Finance must prepare a report on proposed measures to (a) prevent publicly traded companies and their subsidiaries from paying dividends or repurchasing their own shares while receiving the Canada Emergency Wage Subsidy, for the period that is after the tabling of the report under subsection (32.2); and (b) recover wage subsidy amounts from publicly traded companies and their subsidiaries that paid dividends or repurchased their own shares while receiving the Canada Emergency Wage Subsidy, for the period that is before the tabling of the report under subsection (32.2).
Income Tax Act — I-3.3
(32.2) The Minister of Finance must cause the report to be tabled in each House of Parliament no later than 30 days after the day on which this Act receives royal assent or, if either House is not then sitting, on any of the first 15 days on which that House is sitting.
Income Tax Act — I-3.3
(3) Before 2026, the taxpayer may file an election with the Minister of National Revenue to include income that is described in paragraph (b.01) of the definition earned income in subsection 146(1) of the Act, and received by the taxpayer after 2010 and before 2021, for the purposes of computing the taxpayer’s RRSP deduction limit (as defined in that subsection) on or after the date the election is filed.
Income Tax Act — I-3.3
(9) For the purpose of determining if the condition in paragraph 93.3(2)(e) of the Act, as amended by subsection (4), is met at any particular time on or after January 1, 2022, if a non-resident corporation has a beneficial interest in a trust resident in India at the beginning of the day on January 1, 2022, the non-resident corporation is deemed to have first acquired a beneficial interest in the trust at that time.
Income Tax Act — I-3.3 6
Bill C-15 6 (1) Subsections (2) to (6) apply if Bill C-15, introduced in the 1st session of the 45th Parliament and entitled the Budget 2025 Implementation Act, No. 1 (in this section referred to as the “other Act”), receives royal assent. (5) Paragraph 152(1)(b) of the Income Tax Act , as enacted by subsection (2), comes into force on the day on which this Act receives royal assent, except that, for the period beginning on January 1, 2026 and ending on the day immediately before the day on which this Act receives royal assent, that paragraph is to be read as follows: (b) the amount of tax, if any, deemed by any of subsections 120(2) or (2.2), 122.5(3) to (3.003), 122.51(2), 122.7(2) or (3), 122.72(1), 122.8(4), 122.9(2), 122.91(1), 122.92(3), 125.4(3), 125.5(3), 125.6(2) or (2.1), 127.1(1), 127.41(3), 127.42(2) or (3), 127.421(2) or (3), 127.44(2), 127.45(2), 127.48(2), 127.49(2), 127.491(2) or 210.2(3) or (4) to be paid on account of the taxpayer’s tax payable under this Part for the year. (6) Paragraph 152(4.2)(b) of the Income Tax Act , as enacted by subsection (4), comes into force on the day on which this Act receives royal assent, except that, for the period beginning on January 1, 2026 and ending on the day immediately before the day on which this Act receives royal assent, that paragraph is to be read as follows: (b) redetermine the amount, if any, deemed by any of subsections 120(2) or (2.2), 122.5(3) to (3.003), 122.51(2), 122.7(2) or (3), 122.8(4), 122.9(2), 122.91(1), 122.92(3), 122.93(2), 127.1(1), 127.41(3) or 210.2(3) or (4) to be paid on account of the taxpayer’s tax payable under this Part for the year or deemed by subsection 122.61(1) to be an overpayment on account of the taxpayer’s liability under this Part for the year.
Income Tax Act — I-3.3 2.1
Report 2.1 (1) The Minister of Finance must prepare a report that outlines the impact of reducing the personal income tax rate provided in paragraph 117(2)(a) of the Income Tax Act on all tax credits that are calculated using the appropriate percentage as defined in that Act. Tabling (2) The Minister of Finance must cause the report to be tabled in each House of Parliament within 90 days after the day on which this section comes into force or, if the House is not then sitting, on any of the first 15 days of the next sitting of the House. Publication (3) The Minister of Finance must publish the report on the website of the Department of Finance within 10 days after the day on which the report is tabled in both Houses of Parliament.
Income Tax Act — I-3.3
(3) A written application made by a person under subsection 227(6) of the Act in respect of an amount that has been paid to the Receiver General is deemed to be filed on time if (a) the application is filed with the Minister of National Revenue within 180 days after the day on which this Act receives royal assent; and (b) the person is no longer liable to pay the amount as a result of the enactment by subsection (1) of the portion of paragraph 212.1(6)(b) of the Act before subparagraph (i).
Income Tax Act — I-3.3 124
Payment out of Consolidated Revenue Fund 124 Any amount payable by the Minister of National Revenue in relation to the application of subsection 127.491(2) of the Income Tax Act is to be paid out of the Consolidated Revenue Fund.
Income Tax Act — I-3.3 11
11 (1) Subparagraph 56(1)(a)(i) of the Act is amended by striking out “and” at the end of clause (F), by adding “and” at the end of clause (G) and by adding the following after clause (G): (H) an amount paid or transferred from a registered pension plan, in respect of an unlocated individual, to an unclaimed property authority,
Income Tax Act — I-3.3 (a)
issuer means the person referred to in the definition retirement savings plan (a) with whom an annuitant has a contract or arrangement described in paragraph (a) or (b) of that definition, or (b) that established an arrangement described in paragraph (c) of that definition; ( émetteur )