GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Regulations — 2403
2403 (1) An election referred to in subsection 219(4) of the Act shall be made by a non-resident insurer in respect of a taxation year by filing, with its return of income required by subsection 150(1) of the Act to be filed for the year, a letter in duplicate stating (a) the insurer elects under subsection 219(4) of the Act; and (b) the amount the insurer elects to deduct under subsection 219(4) of the Act. (2) Where a joint election referred to in subsection 219(5.2) of the Act is made by a non-resident insurer and a qualified related corporation (within the meaning assigned by subsection 219(8) of the Act) of the non-resident insurer in respect of a taxation year of the non-resident insurer, it shall be made by filing, with the non-resident insurer’s return of income required by subsection 150(1) of the Act to be filed for the year in which the event to which the election relates occurred, a letter in duplicate signed by an authorized officer of the non-resident insurer and an authorized officer of the qualified related corporation stating (a) whether paragraphs 219(5.2)(a) and (b) of the Act apply; and (b) the amount elected under subsection 219(5.2) of the Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/79-670, s. 4; SOR/81-632, s. 1; SOR/94-686, s. 79(F); SOR/2000-413, s. 3
Income Tax Regulations — 2404
2404 [Repealed, 2013, c. 34, s. 392] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/79-670, s. 4; 2013, c. 34, s. 392
Income Tax Regulations — 2405
2405 [Repealed, 2013, c. 34, s. 392] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/78-89, s. 1; SOR/79-670, s. 4; SOR/80-419, s. 4; SOR/80-618, s. 6; SOR/81-632, s. 2; SOR/90-661, s. 8; SOR/92-681, s. 3; SOR/94-686, ss. 55, 62, 69(F), 78(F), 79(F); SOR/2009-222, s. 3; 2013, c. 34, s. 392
Income Tax Regulations — 2406
2406 [Repealed, 2013, c. 34, s. 392] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/79-670, s. 4. SOR/94-686, s. 55(F); SOR/2000-413, s. 4; 2013, c. 34, s. 392
Income Tax Regulations — 2407
2407 [Repealed, 2013, c. 34, s. 392] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/79-670, s. 4; SOR/88-165, s. 30(F); SOR/94-686, s. 55(F); 2013, c. 34, s. 392
Income Tax Regulations — 2408
2408 [Repealed, 2013, c. 34, s. 392] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/79-670, s. 4; SOR/80-163, s. 1; SOR/88-165, s. 30(F); SOR/94-686, s. 55(F); 2013, c. 34, s. 392
Income Tax Regulations — 2409
2409 [Repealed, 2013, c. 34, s. 392] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/79-670, s. 4; SOR/80-419, s. 5; SOR/90-661, s. 9; 2013, c. 34, s. 392
Income Tax Regulations — 2410
2410 For the purpose of subsection 138(4.4) of the Act, the amount prescribed in respect of an insurer’s cost or capital cost, as the case may be, of a property for a period in a taxation year is the amount determined by the formula [(A x B) x C / 365] - D where A is the average annual rate of interest determined by reference to rates of interest prescribed in section 4301 for the months or portion thereof in the period; B is the amount, if any, by which, the average cost or average capital cost, as the case may be, of the property for the period exceeds the average amount of debt relating to the acquisition of the property outstanding during the period that bears a fair market interest rate and, for that purpose, (a) the average cost or average capital cost, as the case may be, of a property is the total of (i) the aggregate of all amounts each of which is the cost or capital cost, as the case may be, if any, immediately before the beginning of the period in respect of the property, and (ii) the aggregate of all amounts each of which is the proportion of any expenditure incurred on any day in the period in respect of the cost or capital cost, as the case may be, of the property that (A) the number of days from that day to the end of the period is of (B) the number of days in the period, and (b) the average amount of debt relating to the acquisition of a property is the amount, if any, by which the total of (i) the aggregate of all amounts each of which is an indebtedness relating to the acquisition that was outstanding at the beginning of the period, and (ii) the aggregate of all amounts each of which is the proportion of an indebtedness relating to the acquisition that was incurred on any day in the period that (A) the number of days from that day to the end of the period is of (B) the number of days in the period, exceeds (iii) the aggregate of all amounts each of which is the proportion of an amount that was paid in respect of any indebtedness referred to in subparagraph (i) or (ii) on any day in the period (other than a payment of interest in respect thereof) that (A) the number of days from that day to the end of the period is of (B) the number of days in the period; C is the number of days in the period; and D is the income derived from the property in the period by the person or partnership that owned the property. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/90-661, s. 10; SOR/94-686, ss. 55(F), 78(F), 79(F); SOR/2000-413, s. 5
Income Tax Regulations — 2411
rer that the investment property is not effectively connected with its Canadian insurance businesses) that is not Canadian investment property of the insurer. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/90-661, s. 10; SOR/92-681, s. 3(F); SOR/94-686, ss. 19(F), 69(F); SOR/2000-413, s. 6; SOR/2005-393, s. 1; SOR/2009-222, s. 4; 2016, c. 12, s. 80
Income Tax Regulations — 2412
surer elects to have this paragraph apply for the year, the period beginning on the day in a calendar month that has the same calendar number as the particular day on which the taxation year began and ending (i) on the day immediately before the day in the next calendar month that has the same calendar number as the particular day, or (ii) if the next calendar month does not have a day that has the same calendar number as the particular day, the last day of that next calendar month; and (b) in any other case, a calendar month. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/90-661, s. 10; SOR/94-686, s. 55(F); SOR/2000-413, s. 7
Income Tax Regulations — 2500
ebec abatement in respect of an amount of tax payable within any range referred to in paragraph (a) shall be the amount that is equal to the abatement determined under subsection 120(2) of the Act and in accordance with section 27 of the Federal-Provincial Fiscal Arrangements and Federal Post-Secondary Education and Health Contributions Act ; (f) the amount referred to in paragraph (c) or (d) shall be calculated as if the tax payable is equal to the average of the highest and lowest amounts in the range and, where the resulting amount is not a multiple of one dollar, it shall be rounded to the nearest multiple of one dollar or, if it is equidistant from two such multiples, to the higher thereof; and (g) the amount referred to in paragraph (e) shall be calculated as if the tax payable is equal to the average of the highest and lowest amounts in the range and, where the resulting amount is not a multiple of one tenth of one dollar, it shall be rounded to the nearest multiple of one tenth of one dollar or, if it is equidistant from two such multiples, to the higher thereof. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/80-162, s. 2; SOR/81-449, s. 1; SOR/83-757, s. 1; SOR/85-277, s. 1; SOR/86-159, s. 1; SOR/87-535, s. 1; SOR/89-475, s. 1; SOR/90-262, s. 1; SOR/94-686, ss. 48, 50(F)
Income Tax Regulations — 2501
2501 In this Part, amount taxable has the meaning assigned by subsection 117(2) of the Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/81-449, s. 1; SOR/83-757, s. 2; SOR/89-475, s. 2
Income Tax Regulations — 2600
2600 (1) In applying the definition income earned in the year in a province in subsection 120(4) of the Act for an individual’s taxation year (a) the prescribed rules referred to in that definition are the rules in this Part; and (b) the amount determined under those prescribed rules means the total of all amounts each of which is the individual’s income earned in the taxation year in a particular province as determined under this Part. (2) In this Part, permanent establishment means a fixed place of business of the individual, including an office, a branch, a mine, an oil well, a farm, a timberland, a factory, a workshop or a warehouse, and (a) where an individual carries on business through an employee or agent, established in a particular place, who has general authority to contract for his employer or principal or who has a stock of merchandise owned by his employer or principal from which he regularly fills orders which he receives, the individual shall be deemed to have a permanent establishment in that place; (b) where an individual uses substantial machinery or equipment in a particular place at any time in a taxation year he shall be deemed to have a permanent establishment in that place; and (c) the fact that an individual has business dealings through a commission agent, broker or other independent agent or maintains an office solely for the purchase of merchandise, shall not of itself be held to mean that the individual has a permanent establishment. (3) [Repealed, SOR/81-267, s. 3] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/78-772, s. 3; SOR/81-267, s. 3; SOR/94-686, s. 20(F); 2009, c. 2, s. 103; SOR/2010-93, s. 18(F)
Income Tax Regulations — 2601
2601 (1) If an individual resides in a particular province on the last day of a taxation year and has no income for the taxation year from a business with a permanent establishment outside the province, the individual’s income earned in the taxation year in the particular province is the individual’s income for the taxation year. (2) If an individual resides in a particular province on the last day of a taxation year and has income for the taxation year from a business with a permanent establishment outside the particular province, the individual’s income earned in the taxation year in the particular province is the amount, if any, by which (a) the individual’s income for the taxation year exceeds (b) the total of all amounts each of which is the individual’s income for the taxation year from carrying on a business that is earned in a province other than the particular province or in a country other than Canada, determined in accordance with this Part. (3) If an individual, who resides in Canada on the last day of a taxation year and who has carried on business in a particular province at any time in the taxation year, does not reside in the particular province on the last day of the taxation year, the individual’s income earned in the taxation year in the particular province is the individual’s income for the taxation year from carrying on business earned in the particular province, determined in accordance with this Part. (4) If an individual resides in Canada on the last day of a taxation year and carried on business in another country at any time in the taxation year, the individual’s income earned in the taxation year in that other country is the individual’s income for the taxation year from carrying on business earned in the other country, determined in accordance with this Part. (5) In this section, a reference to the “last day of a taxation year” is deemed to be a reference to (a) the “last day in the year on which the individual resided in Canada”, in the case of an individual who resided in Canada at any time in the year but ceased to reside in Canada before the end of the year; and (b) the “day in the year on which the individual would have ceased to reside in Canada, if the Act were read without reference to paragraphs 250(1)(d.1) and (f) of the Act,”, in the case of a particular individual described in paragraph 250(1)(d.1) of the Act, or of another individual who is a spouse, common-law partner or child of the particular individual, who (i) was resident in Canada at any time in the year, (ii) would have ceased to be resident in Canada before the end of the year, if the Act were read without reference to paragraphs 250(1)(d.1) and (f) of the Act, and (iii) is, pursuant to paragraph 250(1)(d.1) or (f) of the Act, deemed to have been resident in Canada throughout the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/81-799, s. 1; SOR/2001-188, s. 4; SOR/2007-116, s. 7; SOR/2010-93, s. 19
Income Tax Regulations — 2602
2602 (1) Subject to subsection (2), if an individual does not reside in Canada at any time in a taxation year, the individual’s income earned in the taxation year in a province is the total of (a) the portion of the taxpayer’s income from an office or employment that is included in the taxpayer’s taxable income earned in Canada for the taxation year under subparagraph 115(1)(a)(i) of the Act and that is reasonably attributable to the duties performed by the taxpayer the province; and (b) the taxpayer’s income for the taxation year from carrying on business earned in the province, determined in accordance with this Part. (2) Where the aggregate of the amounts of an individual’s income as determined under subsection (1) for all provinces for a taxation year exceeds the aggregate of the amounts of his income described in subparagraphs 115(1)(a)(i) and (ii) of the Act, the amount of his income earned in the taxation year in a particular province shall be that proportion of his income so described that the amount of his income earned in the taxation year in the province as determined under subsection (1) is of the aggregate of all such amounts. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2010-93, s. 20
Income Tax Regulations — 2604
2604 Notwithstanding subsections 2603(3) and (4), the amount of income that shall be deemed to have been earned in a particular province or country other than Canada by an individual from carrying on the business of transportation of goods or passengers (other than by the operation of a railway, ships or an airline service) is 1/2 of the aggregate of (a) that proportion of his income therefrom for the year that the number of miles travelled by his vehicles in the province or country in the fiscal period ending in the year is of the total number of miles travelled by his vehicles in that period; and (b) that proportion of his income therefrom for the year that the aggregate of salaries and wages paid in the fiscal period ending in the year to employees of the permanent establishment in the province or country is of the aggregate of all salaries and wages paid in that period to employees of the business. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/94-686, s. 81(F)
Income Tax Regulations — 2605
2605 Where an individual operates more than one business, the provisions of sections 2603 and 2604 shall be applied in respect of each business and the amount of income for the year from carrying on business earned in a particular province or country in the year is the aggregate of the amounts so determined.
Income Tax Regulations — 2606
2606 (1) If, in the case of an individual to whom section 2601 applies, the total of the amounts otherwise determined to be the individual’s income for a taxation year from carrying on business that is earned in all provinces and countries other than Canada is greater than the individual’s income for the year, the individual’s income for the year from carrying on business earned in a particular province or country other than Canada is deemed to be that proportion of the individual’s income for the year that (a) the individual’s income for the year from carrying on business in the particular province or country as otherwise determined is of (b) that total. (2) If section 114 of the Act applies in respect of an individual for a taxation year, the following rules apply: (a) the portion of subsection (1) before paragraph (a) is to be read as follows in respect of the individual for the year: 2606 (1) If, in the case of an individual to whom section 2601 applies, the total of the amounts otherwise determined to be the individual’s income for a taxation year from carrying on business that is earned in all provinces and countries other than Canada is greater than the individual’s taxable income for the year, the individual’s income for the year from carrying on business earned in a particular province or country other than Canada is deemed to be that proportion of the individual’s taxable income for the year that (b) for the purpose of this Part, the individual’s income for the year from carrying on a business in any place shall be computed by reference only to the income from that business that is included in computing the individual’s taxable income for the year. (3) For the purposes of sections 2603 to 2605, where an individual’s taxable income for the taxation year is computed in accordance with section 115 of the Act, (a) a reference to a “business” shall be deemed to refer only to a business that was wholly or partly carried on in Canada; (b) a reference to “income for the year from carrying on business” shall be deemed to refer only to income for the year from carrying on a business in Canada, as determined for the purposes of section 115 of the Act; (c) a reference to “salaries and wages paid in the year” shall be deemed to be a reference to salaries and wages paid to employees of his permanent establishments in Canada; and (d) a reference to “total gross revenue for the year” from the business shall be deemed to be a reference to total gross revenue reasonably attributable to his permanent establishments in Canada. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2009-302, s. 9; SOR/2011-195, s. 8(F)
Income Tax Regulations — 2606
2606 (1) If, in the case of an individual to whom section 2601 applies, the total of the amounts otherwise determined to be the individual’s income for a taxation year from carrying on business that is earned in all provinces and countries other than Canada is greater than the individual’s taxable income for the year, the individual’s income for the year from carrying on business earned in a particular province or country other than Canada is deemed to be that proportion of the individual’s taxable income for the year that
Income Tax Regulations — 2607
2607 Where an individual was resident in more than one province on the last day of the taxation year, for the purposes of this Part, he shall be deemed to have resided on that day only in that province which may reasonably be regarded as his principal place of residence.
Income Tax Regulations — 2608
2608 For the purposes of this Part, if the individual is a SIFT trust, a reference to income earned in a taxation year shall be read as a reference to the amount that would, if this Part were read without reference to this section, be the amount, if any, by which its income for the taxation year exceeds its taxable SIFT trust distributions for the taxation year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 29, s. 31
Income Tax Regulations — 2700
2700 (1) The definitions in this subsection apply in this Part. lump-sum premium in relation to a group term life insurance policy means a premium for insurance under the policy on the life of an individual where all or part of the premium is for insurance that is (or would be if the individual survived) in respect of a period that ends more than 13 months after the earlier of the day on which the premium becomes payable and the day on which it is paid. ( prime globale ) paid-up premium in relation to a group term life insurance policy means a premium for insurance under the policy on the life of an individual where the insurance is for the remainder of the lifetime of the individual and no further premiums will be payable for the insurance. ( prime d’assurance libérée ) premium category in relation to term insurance provided under a group term life insurance policy means, (a) where the premium rate applicable in respect of term insurance on the life of an individual depends on the group to which the individual belongs, any of the groups for which a premium rate is established, and (b) in any other case, all individuals on whose lives term insurance is in effect under the policy, and, for the purpose of this definition, a single premium rate is deemed to apply for all term insurance under a policy in respect of periods in 1994, and where individuals are divided into separate groups solely on the basis of their age, sex, or both, the groups are deemed to be a single group for which a premium rate is established. ( catégorie de primes ) term insurance in relation to an individual and a group term life insurance policy means insurance under the policy on the life of the individual, other than insurance in respect of which a lump-sum premium has become payable or been paid. ( assurance temporaire ) Accidental Death Insurance (2) For greater certainty, a premium for insurance on the life of an individual does not include an amount for accidental death 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 — Income Tax Regulations
lump-sum premium in relation to a group term life insurance policy means a premium for insurance under the policy on the life of an individual where all or part of the premium is for insurance that is (or would be if the individual survived) in respect of a period that ends more than 13 months after the earlier of the day on which the premium becomes payable and the day on which it is paid. ( prime globale )
Income Tax Regulations — Income Tax Regulations
paid-up premium in relation to a group term life insurance policy means a premium for insurance under the policy on the life of an individual where the insurance is for the remainder of the lifetime of the individual and no further premiums will be payable for the insurance. ( prime d’assurance libérée )
Income Tax Regulations — (a)
premium category in relation to term insurance provided under a group term life insurance policy means, (a) where the premium rate applicable in respect of term insurance on the life of an individual depends on the group to which the individual belongs, any of the groups for which a premium rate is established, and (b) in any other case, all individuals on whose lives term insurance is in effect under the policy, and, for the purpose of this definition, a single premium rate is deemed to apply for all term insurance under a policy in respect of periods in 1994, and where individuals are divided into separate groups solely on the basis of their age, sex, or both, the groups are deemed to be a single group for which a premium rate is established. ( catégorie de primes )
Income Tax Regulations — Income Tax Regulations
term insurance in relation to an individual and a group term life insurance policy means insurance under the policy on the life of the individual, other than insurance in respect of which a lump-sum premium has become payable or been paid. ( assurance temporaire )