GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Regulations — 2701
2701 (1) Subject to subsection (2), for the purpose of subsection 6(4) of the Act, the amount prescribed for a taxation year in respect of insurance under a group term life insurance policy on the life of a taxpayer is the total of (a) the taxpayer’s term insurance benefit under the policy for the calendar year in which the taxation year ends, (b) the taxpayer’s prepaid insurance benefit under the policy for that calendar year, and (c) the total of all sales and excise taxes payable in respect of premiums paid under the policy in that calendar year for insurance on the life of the taxpayer, other than (i) taxes paid, directly or by way of reimbursement, by the taxpayer, and (ii) taxes in respect of premiums for term insurance that, if the taxpayer were to die, would be paid otherwise than (A) to the taxpayer, (B) for the benefit of the taxpayer, (C) as a benefit that the taxpayer desired to have conferred on any person. Bankrupt Individual (2) Where a taxpayer who has become a bankrupt has two taxation years ending in a calendar year, for the purpose of subsection 6(4) of the Act, the amount prescribed for the first taxation year in respect of insurance under a group term life insurance policy on the life of the taxpayer is nil. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/97-494, s. 1
Income Tax Regulations — 2702
 of term insurance on the life of an individual are payable in the form of periodic payments, and the periodic payments are not an optional form of settlement of a lump-sum amount, the amount of term insurance in effect on the individual’s life on any day is the present value, on that day, of the periodic payments that would be made if the individual were to die on that day. Determination of Present Value (4) For the purpose of subsection (3), the present value on a day in a calendar year (a) shall be determined using assumptions that are reasonable at some time in the year; and (b) may be determined assuming that an individual on whose life the present value depends is the same age on that day as on another day in the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/97-494, s. 1
Income Tax Regulations — 2703
2703 (1) Subject to section 2704, for the purpose of paragraph 2701(1)(b), a taxpayer’s prepaid insurance benefit under a group term life insurance policy for a calendar year is (a) where the taxpayer is alive at the end of the year, the total of all amounts each of which is (i) a lump-sum premium (other than the taxpayer portion) paid in the year and after February 1994 in respect of insurance under the policy on the life of the taxpayer, other than a paid-up premium paid before 1997, or (ii) 1/3 of a paid-up premium (other than the taxpayer portion) in respect of insurance under the policy on the life of the taxpayer that was paid (A) after February 1994 and before 1997, and (B) in the year or one of the two preceding years; and (b) where the taxpayer died after June 1994 and in the year, the amount, if any, by which (i) the total of all amounts each of which is a lump-sum premium (other than the taxpayer portion) paid under the policy after February 1994 in respect of insurance on the life of the taxpayer exceeds (ii) the portion of that total that was included in computing the taxpayer’s prepaid insurance benefit under the policy for preceding years. Taxpayer Portion of Premiums (2) For the purpose of subsection (1), the taxpayer portion of a premium is the portion, if any, of the premium that the taxpayer paid, either directly or by way of reimbursement. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/97-494, s. 1
Income Tax Regulations — 2704
2704 (1) For the purpose of subsection 2701(1), where the full cost of insurance under a group term life insurance policy in a calendar year is borne by the individuals whose lives are insured under the policy, each individual’s term insurance benefit and prepaid insurance benefit under the policy for the year is deemed to be nil. (2) Where the premiums for part of the life insurance (in this subsection referred to as the “additional insurance”) under a group term life insurance policy are determined separately from the premiums for the rest of the life insurance under the policy, and it is reasonable to consider that the individuals on whose lives the additional insurance is provided bear the full cost of the additional insurance, the additional insurance, the premiums, policy dividends and experience rating refunds in respect of that insurance, and the amounts paid in respect of that insurance by the individuals whose lives are insured, shall not be taken into account for the purposes of this Part. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/97-494, s. 1
Income Tax Regulations — 2705
2705 For the purpose of subsection 6(4) of the Act, as it applies to insurance provided in respect of periods that are in 1994 and before July 1994, (a) a lump-sum premium paid under a group term life insurance policy after February 1994 in respect of an individual who is alive at the end of June 1994 is a prescribed premium; and (b) insurance in respect of which a premium referred to in paragraph (a) is paid is prescribed insurance. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/97-494, s. 1
Income Tax Regulations — 2800
2800 (1) Any election under subsection 104(14) of the Act in respect of a taxation year shall be made by filing with the Minister a written statement (a) in which the election in respect of the year is made; (b) in which is designated the part of the accumulating income in respect of which the election is being made; and (c) that is signed by the preferred beneficiary and a trustee having the authority to make the election. (2) The statement shall be filed within 90 days after the end of the trust’s taxation year in respect of which the election referred to in subsection (1) is made. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2001-164, s. 1; SOR/2007-116, s. 8
Income Tax Regulations — 2901
2901 For the purposes of paragraph 37.1(5)(c) of the Act, a prescribed expenditure is (a) an expenditure of a current nature incurred by a corporation in respect of (i) the general administration or management of a business, including (A) administrative salary or wages and related benefits in respect of a person whose duties are not all or substantially all directed to the prosecution of scientific research and experimental development, except to the extent that such expenditure is described in subsection 2900(2) or (3), (B) a legal or accounting fee, (C) an amount described in any of paragraphs 20(1)(c) to (g) of the Act, (D) an entertainment expense, (E) an advertising or selling expense, (F) a convention expense, (G) a due or fee in respect of membership in a scientific or technical society or organization, and (H) a fine or penalty, or (ii) the maintenance and upkeep of premises, facilities or equipment to the extent that such expenditure is not attributable to the prosecution of scientific research and experimental development, except any such expenditure incurred by a corporation that derives all or substantially all of its revenue from the prosecution of scientific research or the sale of rights in or arising out of scientific research carried on by it; (b) an expenditure of a capital nature incurred by a corporation in respect of (i) the acquisition of property, except any such expenditure that was incurred for and was all or substantially all attributable to the prosecution, or to the provision of premises, facilities or equipment for the prosecution, of scientific research and experimental development, or (ii) the acquisition of property that is qualified property within the meaning assigned by subsection 127(9) of the Act; (c) an expenditure made to acquire rights in, or arising out of, scientific research; or (d) an expenditure on scientific research in respect of which an amount is deductible under section 110 of the Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/78-749, s. 2; SOR/86-488, s. 2; SOR/86-1136, ss. 3, 5; SOR/94-686, ss. 53(F), 63(F), 79(F)
Income Tax Regulations — 2903
Special-purpose buildings 2903 For the purposes of this Part and paragraph 37(8)(e) of the Act, a special-purpose building is a building the working areas of which are designed and constructed to have a displacement in any direction of not more than 0.02 µm (micrometres) and to have, per 0.028 cubic metre of interior airspace, (a) not more than 350 airborne particles of a size less than or equal to 0.1 µm (micrometres) in diameter and no airborne particles of a size greater than 0.1 µm (micrometres) in diameter, (b) not more than 75 airborne particles of a size less than or equal to 0.2 µm (micrometres) in diameter and no airborne particles of a size greater than 0.2 µm (micrometres) in diameter, (c) not more than 30 airborne particles of a size less than or equal to 0.3 µm (micrometres) in diameter and no airborne particles of a size greater than 0.3 µm (micrometres) in diameter, or (d) not more than 10 airborne particles of a size less than or equal to 0.5 µm (micrometres) in diameter and no airborne particles of a size greater than 0.5 µm (micrometres) in diameter. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/91-602, s. 1; SOR/95-63, s. 3; 2012, c. 31, s. 64 2026, c. 3, s. 109
Income Tax Regulations — 3000 to 3002
3000 to 3002 [Repealed, SOR/93-531, s. 1] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/93-531, s. 1
Income Tax Regulations — 3003
3003 [Repealed, 2013, c. 40, s. 105] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/93-1, s. 1; SOR/93-148, s. 1; SOR/94-302, s. 1; SOR/94-632, s. 1; SOR/97-517, s. 1; SOR/2003-5, s. 14; 2013, c. 40, ss. 104, 105
Income Tax Regulations — 3004
3004 [Repealed, 2013, c. 40, s. 105] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/98-347, s. 1; 2013, c. 40, s. 105
Income Tax Regulations — 3100
is made under a loan program of the Government of Canada or of a province the purpose of which is to extend financing to small- and medium-sized Canadian businesses, or (d) where the amount is an excluded loan as defined in subsection 12(11) of the Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2011-188, s. 16 2026, c. 3, s. 110
Income Tax Regulations — 3101
Prescribed property 3101 For the purpose of paragraph (b) of the definition tax shelter in subsection 237.1(1) of the Act, prescribed property , in relation to a tax shelter, means property that is a registered pension plan, a registered retirement savings plan, a deferred profit sharing plan, a registered retirement income fund, a registered education savings plan or a property in respect of which paragraph 40(2)(i) of the Act applies. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2011-188, s. 16
Income Tax Regulations — 3200
3200 [Repealed, 2007, c. 35, s. 74] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/80-129, s. 1; SOR/80-682, s. 1; SOR/81-725, s. 2; SOR/84-948, s. 12; SOR/85-696, ss. 7, 8; SOR/88-165, s. 16; SOR/89-409, s. 1; SOR/94-140, s. 6; SOR/2001-187, s. 3; SOR/2003-395, s. 1; 2007, c. 35, s. 74
Income Tax Regulations — 3201
3201 [Repealed, 2007, c. 35, s. 74] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/81-725, s. 3; SOR/86-488, s. 4; SOR/88-165, s. 17; SOR/89-102, s. 1; SOR/89-409, s. 2; SOR/92-660, s. 1; SOR/94-126, s. 1; SOR/94-140, s. 7; SOR/97-408, s. 1; SOR/2001-187, s. 4; SOR/2005-15, s. 1; 2007, c. 35, s. 74
Income Tax Regulations — 3202
3202 [Repealed, SOR/2011-188, s. 17] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/85-696, s. 9; SOR/2011-188, s. 17
Income Tax Regulations — 3300
3300 For the purposes of subsection 154(2) of the Act, a rate of 45% is prescribed. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/99-17, s. 8; SOR/2006-1, s. 1
Income Tax Regulations — 3400
3400 For the purposes of paragraphs 122.3(1)(a) and 250(1)(d) of the Act, each international development assistance program of the Canadian International Development Agency that is financed with funds (other than loan assistance funds) provided under External Affairs Vote 30a, Appropriation Act No. 3, 1977-78 , or another vote providing for such financing, is hereby prescribed as an international development assistance program of the Government of Canada. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/78-127, s. 1; SOR/78-349, s. 1; SOR/85-696, s. 10
Income Tax Regulations — 3500
3500 In this Part, employees’ charity trust means a registered charity that is organized for the purpose of remitting, to other registered charities, donations that are collected from employees by an employer; ( fuducie de bienfaisance d’employés ) official receipt means a receipt for the purposes of paragraph 110.1(2)(a) or 118.1(2)(a) of the Act, containing information required by section 3501 or 3502; ( reçu officiel ) official receipt form means any printed form that a registered organization or other recipient of a gift has that is capable of being completed, or that originally was intended to be completed, as an official receipt by it; ( formule de reçu officiel ) other recipient of a gift means a person, to whom a gift is made by a taxpayer, referred to in any of paragraph 110.1(1)(c), subparagraph 110.1(2.1)(a)(ii) and paragraphs (a) and (d) of the definition qualified donee in subsection 149.1(1) of the Act; ( autre bénéficiaire d’un don ) registered organization means a registered charity, a registered Canadian amateur athletic association, registered journalism organization or a registered national arts service organization. ( organisation enregistrée ) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/81-269, s. 2; SOR/86-488, s. 5; SOR/88-165, s. 18; SOR/94-140, s. 8; SOR/94-686, s. 51(F); 2011, c. 24, s. 81; 2017, c. 33, s. 94 2019, c. 29, s. 57
Income Tax Regulations — Income Tax Regulations
employees’ charity trust means a registered charity that is organized for the purpose of remitting, to other registered charities, donations that are collected from employees by an employer; ( fuducie de bienfaisance d’employés )
Income Tax Regulations — Income Tax Regulations
official receipt means a receipt for the purposes of paragraph 110.1(2)(a) or 118.1(2)(a) of the Act, containing information required by section 3501 or 3502; ( reçu officiel )
Income Tax Regulations — Income Tax Regulations
official receipt form means any printed form that a registered organization or other recipient of a gift has that is capable of being completed, or that originally was intended to be completed, as an official receipt by it; ( formule de reçu officiel )
Income Tax Regulations — Income Tax Regulations
other recipient of a gift means a person, to whom a gift is made by a taxpayer, referred to in any of paragraph 110.1(1)(c), subparagraph 110.1(2.1)(a)(ii) and paragraphs (a) and (d) of the definition qualified donee in subsection 149.1(1) of the Act; ( autre bénéficiaire d’un don )
Income Tax Regulations — Income Tax Regulations
registered organization means a registered charity, a registered Canadian amateur athletic association, registered journalism organization or a registered national arts service organization. ( organisation enregistrée )
Income Tax Regulations — 3501
red to in subsection 230(1) of the Act until completed as an official receipt, the official receipts may bear a facsimile signature. (4) An official receipt issued to replace an official receipt previously issued shall show clearly that it replaces the original receipt and, in addition to its own serial number, shall show the serial number of the receipt originally issued. (5) A spoiled official receipt form shall be marked “cancelled” and such form, together with the duplicate thereof, shall be retained by the registered organization or the other recipient of a gift as part of its records. (6) Every official receipt form on which any of the following is incorrectly or illegibly entered is deemed to be spoiled: (a) the date on which the gift is received; (b) the amount of the gift, in the case of a cash gift; (c) a description of the advantage, if any, in respect of the gift and the amount of that advantage; and (d) the eligible amount of the gift. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/81-269, s. 3; SOR/2007-74, s. 1; 2013, c. 34, s. 393
Income Tax Regulations — 3501.1
3501.1 Every information return required to be filed under subsection 110.1(16) or 118.1(27) of the Act in respect of a transfer of property must contain (a) a description of the transferred property; (b) the fair market value of the transferred property at the time of the transfer; (c) the date on which the property was transferred; (d) the name and address of the transferee of the property including, in the case of an individual, their first name and initial; and (e) if the transferor of the property, or a person not dealing at arm’s length with the transferor, issued the receipt referred to in subsection 110.1(14) or 118.1(25) of the Act, the information contained in that receipt. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2011, c. 24, s. 82
Income Tax Regulations — 3502
3502 Where (a) a registered organization (i) is an employees’ charity trust, or (ii) has appointed an employer as agent for the purpose of remitting, to that registered organization, donations that are collected by the employer from the employer’s employees, and (b) each copy of the return required by section 200 to be filed for a year by an employer of employees who donated to the registered organization in that year shows (i) the amount of each employee’s donations to the registered organization for the year collected by the employer, and (ii) the registration number assigned by the Minister to the registered organization, section 3501 shall not apply and the copy of the portion of the return, relating to each employee who made a donation to the registered organization in that year, that is required by section 209 to be distributed to the employee for filing with the employee’s income tax return shall be an official receipt. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/94-140, s. 10; SOR/94-686, s. 51(F)
Income Tax Regulations — 3503
3503 [Repealed, 2018, c. 12, s. 44] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/90-411, s. 1; SOR/94-686, s. 51(F); 2011, c. 24, s. 83; 2018, c. 12, s. 44
Income Tax Regulations — 3504
3504 For the purposes of subparagraphs 110.1(2.1)(a)(ii) and 118.1(5.4)(a)(ii) of the Act, the following are prescribed donees: (a) American Friends of Canadian Nature Inc., a charity established in the United States; (b) The Nature Conservancy, a charity established in the United States; and (c) American Friends of Canadian Land Trusts. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/86-488, s. 6; SOR/94-140, s. 11; SOR/94-686, s. 51(F); SOR/2007-74, s. 2; SOR/2010-197, s. 1; 2013, c. 34, s. 394 SOR/2024-231, s. 6
Income Tax Regulations — 3505
3505 [Repealed, 2017, c. 20, s. 32] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2009, c. 2, s. 104; 2017, c. 20, s. 32
Income Tax Regulations — Income Tax Regulations
classification society means a society or association for the classification and registry of shipping approved by the Minister of Transport under the Canada Shipping Act ; ( société de classification )
Income Tax Regulations — Income Tax Regulations
estimate of the expenses of survey means a fair and reasonable estimate, made by a taxpayer at the time of filing his return of income for the third taxation year preceding the taxation year in which a quadrennial survey is scheduled to occur, of the costs, charges and expenses which might be expected to be necessarily incurred by him by reason of that survey and in respect of which he does not have or possess nor is he likely to have or possess any right of reimbursement, recoupment, recovery or indemnification from any other person or source; ( évaluation des dépenses d’expertise )
Income Tax Regulations — Income Tax Regulations
inspector means a steamship inspector appointed under Part VIII of the Canada Shipping Act ; ( inspecteur )
Income Tax Regulations — Income Tax Regulations
quadrennial survey means a periodical survey, not being an annual survey nor a survey coinciding as to time with the construction of a vessel, in accordance with the rules of a classification society or, an extended inspection, not being an annual inspection nor an inspection coinciding as to time with the construction of a vessel, pursuant to the provisions of the Canada Shipping Act , and the regulations thereunder; ( expertise quadriennale )
Income Tax Regulations — Income Tax Regulations
survey means the drydocking of a vessel, the examination and inspection of its hull, boilers, machinery, engines and equipment by an inspector or a surveyor and everything done to such vessel, its hull, boilers, machinery, engines and equipment pursuant to an order, requirement or recommendation given or made by the inspector or surveyor as the result of the examination and inspection so that a safety and inspection certificate might be issued in respect of the vessel pursuant to the provisions of the Canada Shipping Act , and the regulations thereunder or, as the case may be, so that the vessel might be entitled to retain the character assigned to it in the registry book of a classification society; ( expertise )
Income Tax Regulations — Income Tax Regulations
surveyor means a surveyor to a classification society. ( expert )
Income Tax Regulations — 3700
3700 [Repealed, 2010, c. 25, s. 83] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/87-632, s. 1; SOR/94-686, ss. 51(F), 73(F); 2007, c. 35, s. 75; 2010, c. 25, s. 83