GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3
eligible real property gain [Repealed, 1995, c. 3, s. 32]
Income Tax Act — I-3.3
eligible real property loss [Repealed, 1995, c. 3, s. 32]
Income Tax Act — I-3.3 (a)
interest in a family farm or fishing partnership , of an individual (other than a trust that is not a personal trust) at any time, means a partnership interest owned by the individual at that time if (a) throughout any 24-month period ending before that time, more than 50% of the fair market value of the property of the partnership was attributable to (i) property that was used principally in the course of carrying on a farming or fishing business in Canada in which the individual, a beneficiary referred to in clause (C) or a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C) was actively engaged on a regular and continuous basis, by (A) the partnership, (B) the individual, (C) if the individual is a personal trust, a beneficiary of the trust, (D) a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), (E) a corporation, a share of the capital stock of which was a share of the capital stock of a family farm or fishing corporation of the individual, a beneficiary referred to in clause (C) or a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), or (F) a partnership, a partnership interest in which was an interest in a family farm or fishing partnership of the individual, a beneficiary referred to in clause (C) or a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), (ii) shares of the capital stock or indebtedness of one or more corporations of which all or substantially all of the fair market value of the property was attributable to properties described in subparagraph (iv), (iii) a partnership interest in or indebtedness of one or more partnerships of which all or substantially all of the fair market value of the property was attributable to properties described in subparagraph (iv), or (iv) properties described in any of subparagraphs (i) to (iii), and (b) at that time, all or substantially all of the fair market value of the property of the partnership was attributable to property described in subparagraph (a)(iv); ( participation dans une société de personnes agricole ou de pêche familiale )
Income Tax Act — I-3.3
interest in a family farm partnership [Repealed, 2014, c. 39, s. 30]
Income Tax Act — I-3.3
interest in a family fishing partnership [Repealed, 2014, c. 39, s. 30]
Income Tax Act — I-3.3 (a)
investment income of an individual for a taxation year means the total of (a) all amounts included in computing the individual’s income for the year from property (other than an amount included under subsection 15(2) or paragraph 56(1)(d) of this Act or paragraph 56(1)(d.1) of the Income Tax Act , chapter 148 of the Revised Statutes of Canada 1952), including, for greater certainty, any amount so included under subsection 13(1) in respect of a property any income from which would be income from property (except to the extent that the amount was otherwise taken into account in computing the individual’s investment income or investment expense for the year), (b) all amounts (other than taxable capital gains) included in computing the individual’s income for the year in respect of the individual’s share of the income of a partnership of which the individual was a specified member in the partnership’s fiscal period ending in the year, including, for greater certainty, the individual’s share of all amounts included under subsection 13(1) in computing the income of the partnership, (c) 50% of all amounts included under subsection 59(3.2) in computing the individual’s income for the year, (d) all amounts each of which is the amount of the individual’s income for the year from (i) a 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), including, for greater certainty, any amount included under subsection 13(1) in computing the individual’s income for the year in respect of a rental property of the individual or the partnership or in respect of a property any income from which would be income from property, (e) the amount, if any, by which (i) the total of all amounts (other than amounts in respect of income-averaging annuity contracts or annuity contracts purchased under deferred profit sharing plans or plans referred to in subsection 147(15) as revoked plans) included under paragraph 56(1)(d) of this Act or paragraph 56(1)(d.1) of the Income Tax Act , chapter 148 of the Revised Statutes of Canada, 1952, in computing the individual’s income for the year exceeds (ii) the total of all amounts deducted under paragraph 60(a) in computing the individual’s income for the year, and (f) the amount, if any, by which the total of all amounts included under paragraph 3(b) in respect of capital gains and capital losses in computing the individual’s income for the year exceeds the amount determined in respect of the individual for the year for A in the definition annual gains limit ; ( revenu de placements )
Income Tax Act — I-3.3
non-qualifying real property [Repealed, 1995, c. 3, s. 32]
Income Tax Act — I-3.3 (a)
qualified farm or fishing property , of an individual (other than a trust that is not a personal trust) at any time, means a property that is owned at that time by the individual, the spouse or common-law partner of the individual or a partnership, an interest in which is an interest in a family farm or fishing partnership of the individual or the individual’s spouse or common-law partner and that is (a) real or immovable property or a fishing vessel that was used in the course of carrying on a farming or fishing business in Canada by, (i) the individual, (ii) if the individual is a personal trust, a beneficiary of the trust that is entitled to receive directly from the trust any income or capital of the trust, (iii) a spouse, common-law partner, child or parent of an individual referred to in subparagraph (i) or (ii), (iv) a corporation, a share of the capital stock of which is a share of the capital stock of a family farm or fishing corporation of an individual referred to in any of subparagraphs (i) to (iii), or (v) a partnership, an interest in which is an interest in a family farm or fishing partnership of an individual referred to in any of subparagraphs (i) to (iii), (b) a share of the capital stock of a family farm or fishing corporation of the individual or the individual’s spouse or common-law partner, (c) an interest in a family farm or fishing partnership of the individual or the individual’s spouse or common-law partner, or (d) a property included in Class 14.1 of Schedule II to the Income Tax Regulations , used by a person or partnership referred to in any of subparagraphs (a)(i) to (v), or by a personal trust from which the individual acquired the property, in the course of carrying on a farming or fishing business in Canada; ( bien agricole ou de pêche admissible )
Income Tax Act — I-3.3
qualified farm property [Repealed, 2014, c. 39, s. 30]
Income Tax Act — I-3.3
qualified fishing property [Repealed, 2014, c. 39, s. 30]
Income Tax Act — I-3.3 (a)
onsidered to have met the requirements of this definition only where the other share (i) was not owned by any person or partnership other than a person or partnership described in paragraph (b) throughout the period beginning 24 months before the determination time and ending at the time of substitution, and (ii) was a share of the capital stock of a corporation described in paragraph (c) throughout that part of the period referred to in subparagraph (i) during which such share was owned by a person or partnership described in paragraph (b), and (f) where, at any time in the 24-month period ending at the determination time, a share referred to in subparagraph (ii) is substituted for another share, that share shall be considered to meet the requirements of subparagraph (ii) only where the other share (i) was not owned by any person or partnership other than a person or partnership described in clause (A) throughout the period beginning 24 months before the determination time and ending at the time of substitution, and (ii) was a share of the capital stock of a corporation described in paragraph (c) throughout that part of the period referred to in subparagraph (i) during which the share was owned by a person or partnership described in clause (A); ( action admissible de petite entreprise )
Income Tax Act — I-3.3
share of the capital stock of a family farm corporation [Repealed, 2014, c. 39, s. 30]
Income Tax Act — I-3.3 (a)
share of the capital stock of a family farm or fishing corporation , of an individual (other than a trust that is not a personal trust) at any time, means a share of the capital stock of a corporation owned by the individual at that time if (a) throughout any 24-month period ending before that time, more than 50% of the fair market value of the property owned by the corporation was attributable to (i) property that was used principally in the course of carrying on a farming or fishing business in Canada in which the individual, a beneficiary referred to in clause (C) or a spouse or common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), was actively engaged on a regular and continuous basis, by (A) the corporation, (B) the individual, (C) if the individual is a personal trust, a beneficiary of the trust, (D) a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), (E) another corporation that is related to the corporation and of which a share of the capital stock was a share of the capital stock of a family farm or fishing corporation of the individual, a beneficiary referred to in clause (C) or a spouse, common-law partner, child or parent of the individual or of a beneficiary referred to in clause (C), or (F) a partnership, an interest in which was an interest in a family farm or fishing partnership of the individual, a beneficiary referred to in clause (C) or a spouse, common-law partner, child or parent of the individual or of such a beneficiary, (ii) shares of the capital stock or indebtedness of one or more corporations of which all or substantially all of the fair market value of the property was attributable to property described in subparagraph (iv), (iii) a partnership interest in or indebtedness of one or more partnerships of which all or substantially all of the fair market value of the property was attributable to properties described in subparagraph (iv), or (iv) properties described in any of subparagraphs (i) to (iii), and (b) at that time, all or substantially all of the fair market value of the property owned by the corporation was attributable to property described in subparagraph (a)(iv). ( action du capital-actions d’une société agricole ou de pêche familiale )
Income Tax Act — I-3.3
share of the capital stock of a family fishing corporation [Repealed, 2014, c. 39, s. 30]
Income Tax Act — I-3.3 110.62
nership all or substantially all the assets of which were used in an active business carried on by the members of the partnership, or (iii) as payment of a stock dividend. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2026, c. 3, s. 37
Income Tax Act — I-3.3 110.7
n respect of the taxation year, the standard amount for the individual is deemed to be nil for the taxation year. Board and lodging allowances, etc. (4) The amount determined under subparagraph (1)(b)(ii) for a particular area for a taxpayer for a taxation year shall not exceed the amount by which the amount otherwise determined under that subparagraph for the particular area for the year exceeds the value of, or an allowance in respect of expenses incurred by the taxpayer for, the taxpayer’s board and lodging in the particular area (other than at a work site described in paragraph 67.1(2)(e)) that (a) would, but for subparagraph 6(6)(a)(i), be included in computing the taxpayer’s income for the year; and (b) can reasonably be considered to be attributable to that portion of the qualifying period that is in the year and during which the taxpayer maintained a self-contained domestic establishment as the taxpayer’s principal place of residence in an area other than a prescribed northern zone or a prescribed intermediate zone for the year. Idem (5) Where on any day an individual resides in more than one particular area referred to in subsection 110.7(1), for the purpose of that subsection, the individual shall be deemed to reside in only one such area on that day. Definitions (6) The following definitions apply in this section. eligible family member of a taxpayer, at any time, means a member of the taxpayer’s household who is at that time (a) the taxpayer’s spouse or common-law partner; (b) a child of the taxpayer (including a child of the taxpayer’s spouse or common-law partner) under the age of 18; or (c) another individual who is (i) related to the taxpayer, (ii) wholly dependent for support on the taxpayer, the taxpayer’s spouse or common-law partner, or both of them, and (iii) except in the case of a parent or grandparent of the taxpayer, so dependent by reason of mental or physical infirmity. ( membre de la famille admissible ) employer-provided travel benefits , to a taxpayer in respect of a trip made by the taxpayer or their eligible family member, means the total amount of (a) the value of travel assistance, if any, provided to the taxpayer in respect of the taxpayer’s employment in respect of travel expenses for the trip; and (b) the amount, if any, received by the taxpayer in respect of the taxpayer’s employment in respect of travel expenses for the trip. ( avantages relatifs aux voyages tirés de l’emploi ) standard amount , for an individual for a taxation year and subject to subsection (3.3), means $1,200. ( montant forfaitaire ) trip cost has the meaning prescribed by regulation. ( frais de voyage ) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 110.7; 1994, c. 7, Sch. II, s. 82, Sch. VIII, s. 48; 1999, c. 22, s. 27; 2008, c. 28, s. 13; 2016, c. 7, s. 13 2022, c. 5, s. 3
Income Tax Act — I-3.3 (a)
eligible family member of a taxpayer, at any time, means a member of the taxpayer’s household who is at that time (a) the taxpayer’s spouse or common-law partner; (b) a child of the taxpayer (including a child of the taxpayer’s spouse or common-law partner) under the age of 18; or (c) another individual who is (i) related to the taxpayer, (ii) wholly dependent for support on the taxpayer, the taxpayer’s spouse or common-law partner, or both of them, and (iii) except in the case of a parent or grandparent of the taxpayer, so dependent by reason of mental or physical infirmity. ( membre de la famille admissible )
Income Tax Act — I-3.3 (a)
employer-provided travel benefits , to a taxpayer in respect of a trip made by the taxpayer or their eligible family member, means the total amount of (a) the value of travel assistance, if any, provided to the taxpayer in respect of the taxpayer’s employment in respect of travel expenses for the trip; and (b) the amount, if any, received by the taxpayer in respect of the taxpayer’s employment in respect of travel expenses for the trip. ( avantages relatifs aux voyages tirés de l’emploi )
Income Tax Act — I-3.3
standard amount , for an individual for a taxation year and subject to subsection (3.3), means $1,200. ( montant forfaitaire )
Income Tax Act — I-3.3
trip cost has the meaning prescribed by regulation. ( frais de voyage )
Income Tax Act — I-3.3 111
nt time is the amount determined by the formula A + B – C where A is the amount of principal owed by the taxpayer under the foreign currency debt at the measurement time, calculated, for greater certainty, using the exchange rate applicable at the measurement time, B is the portion of any gain, previously recognized in respect of the foreign currency debt because of this section, that is reasonably attributable to the amount described in A, and C is the portion of any capital loss previously recognized in respect of the foreign currency debt because of this section, that is reasonably attributable to the amount described in A; and (b) the fair market value of which is the amount that would be the amount of the principal owed by the taxpayer under the foreign currency debt at the measurement time if that amount were calculated using the exchange rate applicable at the time of the original borrowing. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 111; 1994, c. 7, Sch. II, s. 83, Sch. VI, s. 5, Sch. VIII, s. 49; 1995, c. 21, s. 36; 1997, c. 26, s. 84; 1999, c. 22, s. 28; 2000, c. 19, s. 19; 2001, c. 17, s. 87; 2002, c. 9, s. 34; 2005, c. 19, s. 20; 2006, c. 4, s. 57; 2009, c. 2, s. 30; 2010, c. 25, s. 21; 2013, c. 34, s. 241, c. 40, s. 47; 2016, c. 12, s. 40; 2017, c. 20, s. 10, c. 33, s. 40 2021, c. 23, s. 16 2024, c. 15, s. 27 2024, c. 17, s. 24 2024, c. 17, s. 80 2026, c. 3, s. 38
Income Tax Act — I-3.3
exchange rate , at any time in respect of a currency of a country other than Canada, means the rate of exchange between that currency and Canadian currency quoted by the Bank of Canada on the day that includes that time or, if that day is not a business day, on the day that immediately precedes that day, or a rate of exchange acceptable to the Minister; ( taux de change )
Income Tax Act — I-3.3 (a)
farm loss of a taxpayer for a taxation year means the amount determined by the formula A - C where A is the lesser of (a) the amount, if any, by which (i) the total of all amounts each of which is the taxpayer’s loss for the year from a farming or fishing business exceeds (ii) the total of all amounts each of which is the taxpayer’s income for the year from a farming or fishing business, and (b) the amount that would be the taxpayer’s non-capital loss for the year if the amount determined for D in the definition non-capital loss in this subsection were nil, and B [Repealed, 2000, c. 19, s. 19] C is the total of all amounts by which the farm loss of the taxpayer for the year is required to be reduced because of section 80; ( perte agricole )
Income Tax Act — I-3.3
foreign currency debt means a debt obligation denominated in a currency of a country other than Canada; ( dette en monnaie étrangère )
Income Tax Act — I-3.3 (a)
net capital loss of a taxpayer for a taxation year means the amount determined by the formula A - B + C - D where A is the amount, if any, determined under subparagraph 3(b)(ii) in respect of the taxpayer for the year, B is the lesser of the total determined under subparagraph 3(b)(i) in respect of the taxpayer for the year and the amount determined for A in respect of the taxpayer for the year, C is the least of (a) the amount of the allowable business investment losses of the taxpayer for the taxpayer’s tenth preceding taxation year, (b) the amount, if any, by which the amount of the non-capital loss of the taxpayer for the taxpayer’s tenth preceding taxation year exceeds the total of all amounts in respect of that non-capital loss deducted in computing the taxpayer’s taxable income or claimed by the taxpayer under paragraph 186(1)(c) or (d) for the year or for any preceding taxation year, and (c) if the taxpayer was subject to a loss restriction event before the end of the year and after the end of the taxpayer’s tenth preceding taxation year, nil, and D is the total of all amounts by which the net capital loss of the taxpayer for the year is required to be reduced because of section 80; ( perte en capital nette )
Income Tax Act — I-3.3 (a)
non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula (A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is (a) the taxpayer’s loss for the year from an office, employment, business or property, (a.1) an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, (b) an amount deducted under paragraph (1)(a.1) or (b) or section 110.6, 110.61 or 110.62, or deductible under any of paragraphs 110(1)(d) to (g) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or (c) if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C [Repealed, 2000, c. 19, s. 19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; ( perte autre qu’une perte en capital )