GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Regulations — 8519
8519 Where, for the purposes of Part LXXXIII or this Part or subsection 147.1(10) of the Act, it is necessary to associate benefits provided under a defined benefit provision of a pension plan with periods of time, the association shall be made in a manner acceptable to the Minister. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7
Income Tax Regulations — 8520
8520 For the purposes of this Part, a waiver, extension of time or other modification of the requirements of this Part granted by the Minister or an approval by the Minister in respect of any matter is not effective unless it is in writing and expressly refers to the requirement that is modified or the matter in respect of which the approval is given. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7
Income Tax Regulations — Income Tax Regulations
attributed surplus of a non-resident insurer for a taxation year has the meaning assigned by subsection 2400(1); ( surplus attribué )
Income Tax Regulations — (a)
Canadian assets of a corporation that is a financial institution (as defined in subsection 181(1) of the Act) at any time in a taxation year means, in respect of the year, the amount, if any, by which (a) the total of all amounts each of which is the amount at which an asset of the corporation (which asset is required, or, if the corporation were a bank to which the Bank Act applied, would be required, to be reflected in a return under subsection 223(1) of the Bank Act , as that Act read on May 31, 1992, if that return were prepared on a non-consolidated basis) would be shown on the corporation’s balance sheet at the end of the year if its balance sheet were prepared on a non-consolidated basis exceeds (b) the investment allowance of the corporation for the year determined under subsection 181.3(4) of the Act; ( actif canadien ) (c) [Repealed, 2013, c. 33, s. 38]
Income Tax Regulations — (a)
Canadian premiums for a taxation year, in respect of an insurance corporation that was resident in Canada at any time in the year and throughout the year did not carry on a life insurance business, means the total of the insurance corporation’s net premiums for the year (a) in respect of insurance on property situated in Canada, and (b) in respect of insurance, other than on property, from contracts with persons resident in Canada, and, for the purposes of this definition, net premiums has the same meaning as in subsection 403(2), and subsection 403(3) applies as if the references therein to “province” were read as references to “country”; ( primes canadiennes )
Income Tax Regulations — Income Tax Regulations
Canadian reserve liabilities of an insurer as at the end of a taxation year has the meaning assigned by subsection 2400(1); ( (passif de réserve canadienne) )
Income Tax Regulations — Income Tax Regulations
contractual service margin for a group of insurance contracts of an insurer, or a group of reinsurance contracts held by the insurer, at the end of a taxation year, has the same meaning as in subsection 138(12) of the Act; ( marge sur services contractuels )
Income Tax Regulations — Income Tax Regulations
group of insurance contracts of an insurer has the same meaning as in subsection 138(12) of the Act; ( groupe de contrats d’assurance )
Income Tax Regulations — Income Tax Regulations
group of reinsurance contracts held by an insurer has the same meaning as in subsection 138(12) of the Act; ( groupe de contrats de réassurance )
Income Tax Regulations — Income Tax Regulations
group of segregated fund policies of an insurer has the same meaning as in subsection 138(12) of the Act; ( groupe de polices à fonds réservé )
Income Tax Regulations — Income Tax Regulations
permanent establishment has the same meaning as in subsection 400(2); ( établissement stable )
Income Tax Regulations — Income Tax Regulations
policyholders’ liabilities of an insurer at the end of a taxation year has the same meaning as in subsection 138(12) of the Act; ( obligation envers les titulaires de polices )
Income Tax Regulations — Income Tax Regulations
reinsurance contract held amount for a group of reinsurance contracts held by an insurer at the end of a taxation year has the same meaning as in subsection 138(12) of the Act; ( montant au titre des contrats de réassurance détenus )
Income Tax Regulations — (a)
total assets of a corporation that is a financial institution (as defined in subsection 181(1) of the Act) at any time in a taxation year means, in respect of that year, the amount, if any, by which (a) the total of all amounts each of which is the amount at which an asset of the corporation would be shown on the corporation’s balance sheet at the end of the year if its balance sheet were prepared on a non-consolidated basis exceeds (b) the investment allowance of the corporation for the year determined under subsection 181.3(4) of the Act; ( actif total )
Income Tax Regulations — Income Tax Regulations
total premiums for a taxation year, in respect of an insurance corporation that was resident in Canada at any time in the year and throughout the year did not carry on a life insurance business, means the total of the corporation’s net premiums for the year (as defined in subsection 403(2)) that are included in computing its income under Part I of the Act; ( total des primes )
Income Tax Regulations — (a)
total reserve liabilities of an insurer as at the end of a taxation year means the amount determined by the formula A − A.1 + A.2 + A.3 − (0.9 × B) − (C − (0.9 × D)) where A is the total of the insurer’s liabilities and reserves including liabilities for segregated fund guarantees (other than policyholders’ liabilities or a liability for an obligation to pay a benefit under a segregated fund policy in respect of which subparagraphs 1406(b)(i) and (ii) apply) as at the end of the year in respect of insurance policies, as determined for the purposes of the Superintendent of Financial Institutions, if the insurer is required by law to report to the Superintendent of Financial Institutions, or, in any other case, the superintendent of insurance or other similar officer or authority of the province under the laws of which the insurer is incorporated; A.1 is the total of all amounts each of which is the amount of an item reported by the insurer as an insurance contract asset as at the end of the year; A.2 is the total of all amounts each of which is an amount of funds withheld as at the end of the year by the insurer in respect of the reinsurance of a risk under an insurance policy; A.3 is the total of all amounts each which is an amount recoverable as at the end of the year by the insurer under a funds withheld arrangement in respect of the reinsurance of a risk by the insurer under an insurance policy; B is the total of all amounts each of which is the contractual service margin for a group of insurance contracts (other than a group of segregated fund policies) of the insurer at the end of the year; C is the total of all amounts each of which is an amount, in respect of a group of reinsurance contracts held by the insurer at the end of the year, that is (a) the reinsurance contract held amount for the group, if there is no reinsurance contract held amount for the group that is in respect of the reinsurance of an obligation to pay a benefit under a segregated fund policy in respect of which subparagraphs 1406(b)(i) and (ii) apply, and (b) in any other case, the amount that would be the reinsurance contract held amount for the group if the reinsurance contract held amount were determined excluding any portion that is in respect of the reinsurance of an obligation to pay a benefit under a segregated fund policy in respect of which subparagraphs 1406(b)(i) and (ii) apply; and D is the total of all amounts each of which is the amount, in respect of a group of reinsurance contracts held by the insurer at the end of the year, that is (a) if no portion of the contractual service margin for the group is in respect of a risk under a segregated fund policy, the contractual service margin for the group, and (b) in any other case, the amount that would be the contractual service margin for the group if the contractual service margin were determined excluding any portion that is in respect of the reinsurance of a risk under a segregated fund policy. ( passif total de réserve )
Income Tax Regulations — 8601
8601 For the purpose of determining the taxable capital employed in Canada of a corporation for a taxation year under subsection 181.2(1) of the Act, the prescribed proportion of the corporation’s taxable capital (as determined under Part I.3 of the Act) for the year is the amount determined by the formula A × (B / C) where A is the taxable capital (as determined under Part I.3 of the Act) of the corporation for the year, B is the total of all amounts each of which is the amount, determined in accordance with Part IV (or, in the case of an airline corporation, that would be so determined if the corporation had a permanent establishment in every province and if paragraphs 407(1)(a) and (b) were read without reference to the words “in Canada”), of the corporation’s taxable income earned in the year in a particular province or the amount of its taxable income that would, pursuant to that Part, be earned in the year in a province if all permanent establishments of the corporation in Canada were in a province, and C is the corporation’s taxable income for the year, except that, where the corporation’s taxable income for the year is nil, the corporation shall, for the purposes of this section, be deemed to have a taxable income for the year of $1,000. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/94-298, s. 2; SOR/94-686, ss. 43(F); 79(F)
Income Tax Regulations — 8602
8602 For the purposes of paragraph (b) of the definition Canadian surtax payable in subsection 125.3(4) of the Act, the prescribed proportion of the amount determined under section 123.2 of the Act in respect of a corporation for a taxation year is the amount determined by the formula A × (B / C) where A is the amount determined under section 123.2 of the Act in respect of the corporation for the year; B is (a) where the corporation carried on a life insurance business at any time in the year, the corporation’s taxable capital (as determined under Part I.3 of the Act) for the year, and (b) in any other case, the corporation’s taxable capital employed in Canada (as would be determined under Part I.3 of the Act if that Part were read without reference to paragraphs 181.3(1)(a) and (b) thereof) for the year; and C is the corporation’s taxable capital (as determined under Part I.3 of the Act) for the year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/94-298, s. 2; SOR/94-686, s. 79(F)
Income Tax Regulations — 8603
8603 For the purposes of Part VI of the Act, (a) Canadian assets of a corporation that is a financial institution (as defined in subsection 190(1) of the Act) at any time in a taxation year means, in respect of that year, the amount that would be determined under the definition Canadian assets in section 8600 in respect of the corporation for the year if the reference in that definition to “subsection 181(1)” were read as a reference to “subsection 190(1)” and paragraph (b) of that definition were read as follows: “(b) the total determined under section 190.14 of the Act in respect of the corporation’s investments for the year in financial institutions related to it;”; (b) total assets of a corporation that is a financial institution (as defined in subsection 190(1) of the Act) at any time in a taxation year means, in respect of that year, the amount that would be determined under the definition total assets in section 8600 in respect of the corporation for the year if the reference in that definition to “subsection 181(1)” were read as a reference to “subsection 190(1)” and paragraph (b) of that definition were read as follows: “(b) the total determined under section 190.14 of the Act in respect of the corporation’s investments for the year in financial institutions related to it;” (c) attributed surplus , Canadian reserve liabilities and total reserve liabilities have the same respective meanings as in section 8600. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/94-298, s. 2; SOR/94-686, s. 79(F); 2013, c. 33, s. 39(E)
Income Tax Regulations — 8604
8604 [Repealed, 2013, c. 34, s. 411] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/94-298, s. 2; SOR/94-686, s. 79(F); SOR/98-571, s. 1; 2001, c. 22, s. 22; 2013, c. 34, s. 411
Income Tax Regulations — 8605
ii)(A)(V) and clause 190.11(b)(i)(E) of the Act, the amount prescribed in respect of a particular corporation for a taxation year ending at a particular time means the total of all amounts each of which would be the total reserve liabilities of a foreign insurance subsidiary of the particular corporation as at the end of the subsidiary’s last taxation year ending at or before the particular time if the subsidiary were required by law to report to the Superintendent of Financial Institutions for that year. (4) The definitions in this subsection apply in this section. foreign insurance subsidiary of a particular corporation at any time means a non-resident corporation that (a) carried on a life insurance business throughout its last taxation year ending at or before that time, (b) did not carry on a life insurance business in Canada at any time in its last taxation year ending at or before that time, and (c) is at that time (i) a subsidiary of the particular corporation, and (ii) not a subsidiary of any corporation that (A) is resident in Canada, (B) carried on a life insurance business in Canada at any time in its last taxation year ending at or before that time, and (C) is a subsidiary of the particular corporation. ( filiale d’assurance étrangère ) subsidiary of a corporation (in this definition referred to as the parent corporation ) means a corporation controlled by the parent corporation where shares of each class of the capital stock of the corporation having a fair market value of not less than 75% of the fair market value of all of the issued and outstanding shares of that class belong to (a) the parent corporation, (b) a corporation that is a subsidiary of the parent corporation, or (c) any combination of corporations each of which is a corporation referred to in paragraph (a) or described in paragraph (b). ( filiale ) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/96-475, s. 1; SOR/98-571, s. 2; SOR/2000-413, s. 9 2022, c. 19, s. 91
Income Tax Regulations — (a)
foreign insurance subsidiary of a particular corporation at any time means a non-resident corporation that (a) carried on a life insurance business throughout its last taxation year ending at or before that time, (b) did not carry on a life insurance business in Canada at any time in its last taxation year ending at or before that time, and (c) is at that time (i) a subsidiary of the particular corporation, and (ii) not a subsidiary of any corporation that (A) is resident in Canada, (B) carried on a life insurance business in Canada at any time in its last taxation year ending at or before that time, and (C) is a subsidiary of the particular corporation. ( filiale d’assurance étrangère )
Income Tax Regulations — (a)
subsidiary of a corporation (in this definition referred to as the parent corporation ) means a corporation controlled by the parent corporation where shares of each class of the capital stock of the corporation having a fair market value of not less than 75% of the fair market value of all of the issued and outstanding shares of that class belong to (a) the parent corporation, (b) a corporation that is a subsidiary of the parent corporation, or (c) any combination of corporations each of which is a corporation referred to in paragraph (a) or described in paragraph (b). ( filiale )
Income Tax Regulations — 8800
8800 The renovations and alterations that are prescribed for the purposes of paragraph 20(1)(qq) of the Act are (a) the installation of (i) an interior or exterior ramp, or (ii) a hand-activated electric door opener; and (b) a modification to a bathroom, elevator or doorway to accommodate its use by a person in a wheelchair. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/93-565, s. 1
Income Tax Regulations — 8801
8801 The devices and equipment that are prescribed for the purposes of paragraph 20(1)(rr) of the Act are (a) an elevator car position indicator, such as a braille panel or an audio signal, for individuals having a sight impairment; (b) a visual fire alarm indicator, a listening device for group meetings or a telephone device, for individuals having a hearing impairment; and (c) a disability-specific computer software or hardware attachment. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/93-565, s. 1; SOR/95-182, s. 1
Income Tax Regulations — 8900
8900 (1) For the purposes of subparagraph 110(1)(f)(iii) and paragraph 126(3)(a) of the Act, the following international organizations are prescribed: (a) the United Nations; and (b) each international organization that is a specialized agency brought into relationship with the United Nations in accordance with Article 63 of the Charter of the United Nations. International Non-governmental Organizations (2) For the purpose of subparagraph 110(1)(f)(iv) of the Act, the following international non-governmental organizations are prescribed: (a) the International Air Transport Association; (b) the Société internationale de télécommunications aéronautiques; and (c) the World Anti-Doping Agency. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/95-202, s. 1; SOR/2003-83, s. 1; 2013, c. 40, s. 115
Income Tax Regulations — 8901
8901 [Repealed, 2013, c. 34, s. 412] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2003-83, s. 2; 2013, c. 34, s. 412
Income Tax Regulations — 8901.2
Repealed, 2021, c. 26, s. 3] (6) [Repealed, 2021, c. 26, s. 3] (7) [Repealed, 2021, c. 26, s. 3] (8) [Repealed, 2021, c. 26, s. 4] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2020, c. 11, s. 4 SOR/2020-160, s. 1 SOR/2020-207, s. 2 SOR/2020-227, s. 1 SOR/2020-243, s. 1 SOR/2020-284, s. 2 2021, c. 23, s. 92 2021, c. 26, s. 3 2021, c. 26, s. 4 SOR/2021-56, s. 1 SOR/2021-206, s. 1 SOR/2021-240, s. 1 SOR/2022-11, s. 1 SOR/2022-68, s. 1
Income Tax Regulations — (f)
partial public health restriction means a public health restriction as defined in subsection 125.7(1) of the Act if paragraphs (f) to (h) of that definition were replaced by the following: (f) as a result of the order or decision, some or all of the activities of the eligible entity — or the specified tenant — at, or in connection with, the qualifying property (that it is reasonable to expect the eligible entity — or the specified tenant — would, absent the order or decision, otherwise have engaged in) are required to be reduced by means of capacity or similar restrictions by not less than 50% (referred to in this subsection as the “limited activities”); and (g) the limited activities are required to be reduced for a period of at least one week. ( restrictions sanitaires partielles )
Income Tax Regulations — (a)
qualifying partial public health restriction , of an eligible entity for a qualifying period, means that (a) one or more qualifying properties of the eligible entity — or of one or more specified tenants (within the meaning of the definition public health restriction ) of the eligible entity — is subject to a partial public health restriction for at least seven days in the qualifying period; and (b) it is reasonable to conclude that at least approximately 50% of the qualifying revenues of the eligible entity — together with the qualifying revenues of any specified tenants of the eligible entity — for the prior reference period were derived from the limited activities. ( restrictions sanitaires partielles admissibles )
Income Tax Regulations — 9000
9000 For the purposes of paragraph (e) of the definition financial institution in subsection 142.2(1) of the Act, the following are prescribed persons: (a) the Business Development Bank of Canada; (a.1) Farm Credit Canada; (b) BDC Capital Inc.; and (c) a trust, at any particular time, if at that particular time (i) the trust is a related segregated fund trust (within the meaning assigned by paragraph 138.1(1)(a) of the Act), (ii) the trust is deemed, under paragraph 138.1(1)(a) of the Act, to have been created at a time that is not more than two years before that particular time, and (iii) the cost of the trustee’s interest (as determined by paragraph 138.1(1)(c) and (d) of the Act) in the trust does not exceed $5,000,000. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2009, c. 2, s. 118; 2014, c. 20, s. 37 SOR/2024-231, s. 34
Income Tax Regulations — 9001
9001 (1) In this section, qualified small business corporation , at any time, means a corporation in respect of which the following conditions are satisfied at that time: (a) the corporation is a Canadian-controlled private corporation; (b) the corporation either is an eligible corporation (as defined in subsection 5100(1)) or would be an eligible corporation if the definition eligible corporation in subsection 5100(1) were read without reference to its paragraph (e); (c) the carrying value of the total assets of the corporation and all corporations related to it (determined in accordance with generally accepted accounting principles on a consolidated or combined basis, where applicable) does not exceed $50,000,000; and (d) the number of employees of the corporation and all corporations related to it does not exceed 500. (2) For the purpose of paragraph (e) of the definition excluded property in subsection 142.2(1) of the Act, a share of the capital stock of a corporation is a prescribed property of a taxpayer if (a) immediately after the time at which the taxpayer acquired the share, the corporation was a qualified small business corporation, and (i) the corporation continued to be a qualified small business corporation for one year after that time, or (ii) the taxpayer could not reasonably expect at that time that the corporation would cease to be a qualified small business corporation within one year after that time; or (b) the share was issued to the taxpayer in exchange for one or more shares of the capital stock of the corporation that were, at the time of the exchange, prescribed property of the taxpayer under this subsection. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2009, c. 2, s. 118