Income Tax Act — I-3.3 (a)
investment expense of an individual for a taxation year means the total of (a) all amounts deducted in computing the individual’s income for the year from property (except to the extent that the amounts were otherwise taken into account in computing the individual’s investment expense or investment income for the year) other than any amounts deducted under (i) paragraph 20(1)(c), 20(1)(d), 20(1)(e) or 20(1)(e.1) of this Act or paragraph 20(1)(k) of the Income Tax Act , chapter 148 of the Revised Statutes of Canada, 1952, in respect of borrowed money that was used by the individual, or that was used to acquire property that was used by the individual, (A) to make a payment as consideration for an income-averaging annuity contract, (B) to pay a premium under a registered retirement savings plan, or (C) to make a contribution to a pooled registered pension plan, registered pension plan or deferred profit sharing plan, or (ii) paragraph 20(1)(j) or subsection 65(1), 66(4), 66.1(3), 66.2(2), 66.21(4) or 66.4(2), (b) the total of (i) all amounts deducted under paragraph 20(1)(c), 20(1)(d), 20(1)(e), 20(1)(e.1), 20(1)(f) or 20(1)(bb) of this Act or paragraph 20(1)(k) of the Income Tax Act , chapter 148 of the Revised Statutes of Canada, 1952 in computing the individual’s income for the year from a partnership of which the individual was a specified member in the fiscal period of the partnership ending in the year, and (ii) all amounts deducted under subparagraph 20(1)(e)(vi) in computing the individual’s income for the year in respect of an expense incurred by a partnership of which the individual was a specified member in the fiscal period of the partnership ending immediately before it ceased to exist, (c) the total of (i) all amounts (other than allowable capital losses) deducted in computing the individual’s income for the year in respect of the individual’s share of the amount of any loss of a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year, and (ii) all amounts each of which is an amount deducted under paragraph 111(1)(e) in computing the individual’s taxable income for the year, (d) 50% of the total of all amounts each of which is an amount deducted under subsection 66(4), 66.1(3), 66.2(2), 66.21(4) or 66.4(2) in computing the individual’s income for the year in respect of expenses (i) incurred and renounced under subsection 66(12.6), (12.601), (12.62) or (12.64) by a corporation, or (ii) incurred by a partnership of which the individual was a specified member in the fiscal period of the partnership in which the expense was incurred, and (e) the total of all amounts each of which is the amount of the individual’s loss for the year from (i) property, or (ii) renting or leasing a rental property (within the meaning assigned by subsection 1100(14) of the Income Tax Regulations ) or a property described in Class 31 or 32 of Schedule II to the Income Tax Regulations owned by the individual or by a partnership of which the individual was a member, other than a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year, and (f) the amount, if any, by which the total of the individual’s net capital losses for other taxation years deducted under paragraph 111(1)(b) in computing the individual’s taxable income for the year exceeds the amount determined in respect of the individual for the year under paragraph (a) of the description of B in the definition annual gains limit ; ( frais de placement )