Income Tax Act — I-3.3 8
der the arrangement included in computing the taxpayer’s income for the year and preceding taxation years as benefits under paragraph 6(1)(a) exceeds the total of (i) all such deferred amounts received by any person in that year or preceding taxation years out of or under the arrangement, (ii) all such deferred amounts receivable by any person in subsequent taxation years out of or under the arrangement, and (iii) all amounts deducted under this paragraph in computing the taxpayer’s income for preceding taxation years in respect of deferred amounts under the arrangement; Idem (o.1) an amount that is deductible in computing the taxpayer’s income for the year because of subsection 144(9); Excess EPSP amounts (o.2) an amount that is an excess EPSP amount (as defined in subsection 207.8(1)) of the taxpayer for the year, other than any portion of the excess EPSP amount for which the taxpayer’s tax for the year under subsection 207.8(2) is waived or cancelled; Musical instrument costs (p) where the taxpayer was employed in the year as a musician and as a term of the employment was required to provide a musical instrument for a period in the year, an amount (not exceeding the taxpayer’s income for the year from the employment, computed without reference to this paragraph) equal to the total of (i) amounts expended by the taxpayer before the end of the year for the maintenance, rental or insurance of the instrument for that period, except to the extent that the amounts are otherwise deducted in computing the taxpayer’s income for any taxation year, and (ii) such part, if any, of the capital cost to the taxpayer of the instrument as is allowed by regulation; Artists’ employment expenses (q) where the taxpayer’s income for the year from the office or employment includes income from an artistic activity (i) that was the creation by the taxpayer of, but did not include the reproduction of, paintings, prints, etchings, drawings, sculptures or similar works of art, (ii) that was the composition by the taxpayer of a dramatic, musical or literary work, (iii) that was the performance by the taxpayer of a dramatic or musical work as an actor, dancer, singer or musician, or (iv) in respect of which the taxpayer was a member of a professional artists’ association that is certified by the Minister of Communications, amounts paid by the taxpayer before the end of the year in respect of expenses incurred for the purpose of earning the income from those activities to the extent that they were not deductible in computing the taxpayer’s income for a preceding taxation year, but not exceeding a single amount in respect of all such offices and employments of the taxpayer equal to the amount, if any, by which (v) the lesser of $1,000 and 20% of the total of all amounts each of which is the taxpayer’s income from an office or employment for the year, before deducting any amount under this section, that was income from an artistic activity described in any of subparagraphs 8(1)(q)(i) to 8(1)(q)(iv), exceeds (vi) the total of all amounts deducted by the taxpayer for the year under paragraph 8(1)(j) or 8(1)(p) in respect of costs or expenses incurred for the purpose of earning the income from such an activity for the year; Apprentice mechanics’ tool costs (r) if the taxpayer was an eligible apprentice mechanic at any time after 2001 and before the end of the taxation year, the amount claimed by the taxpayer for the taxation year under this paragraph not exceeding the lesser of (i) the taxpayer’s income for the taxation year computed without reference to this paragraph, and (ii) the amount determined by the formula (A - B) + C where A is the total of all amounts each of which is the cost to the taxpayer of an eligible tool acquired in the taxation year by the taxpayer or, if the taxpayer first becomes employed as an eligible apprentice mechanic in the taxation year, the cost to the taxpayer of an eligible tool acquired by the taxpayer in the last three months