GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Regulations — 6705
6705 For the purposes of paragraph 40(2)(i) and clause 53(2)(k)(i)(C) of the Act, a stock savings plan governed by any of the following is a prescribed stock savings plan: (a) the Alberta Stock Savings Plan Act , Statutes of Alberta 1986, c. A-37.7; (b) The Stock Savings Tax Credit Act , Statutes of Saskatchewan 1986, c. S-59.1; (c) the Stock Savings Plan Act , Revised Statutes of Nova Scotia, 1989, c. 445; (d) the Stock Savings Tax Credit Act , Revised Statutes of Newfoundland, 1990, c. S-28; or (e) section 11.6 of the Income Tax Act , Continuing Consolidation of the Statutes of Manitoba c. I10. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/89-551, s. 5; SOR/2001-289, s. 6
Income Tax Regulations — 6706
6706 For the purpose of clause 204.81(1)(c)(v)(F) of the Act, a prescribed condition is that, in respect of a redemption of a Class A share of a corporation’s capital stock, the shareholder requires the corporation to withhold an amount in respect of the redemption in accordance with Part XII.5 of the Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-398, s. 3; SOR/94-686, s. 79(F); SOR/96-174, s. 1; SOR/98-281, s. 4
Income Tax Regulations — 6707
6707 For the purpose of subsection 204.82(5) of the Act, a prescribed provision of a law of a province means section 25.1 of the Community Small Business Investment Funds Act , chapter 18 of the Statutes of Ontario, 1992. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/99-102, s. 7
Income Tax Regulations — 6708
6708 For the purposes of paragraph 204.8(2)(b), section 27.2 of the Community Small Business Investment Funds Act, 1992 , S.O. 1992, c. 18, is a prescribed wind-up rule. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 34, s. 404; 2014, c. 20, s. 35
Income Tax Regulations — 6709
6709 For the purposes of section 211.81 of the Act, sections 1086.14 and 1086.20 of the Taxation Act , R.S.Q., c. I-3, are prescribed provisions of a provincial law. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2013, c. 34, s. 404
Income Tax Regulations — 6800
6800 For the purpose of paragraph (e) of the definition employee benefit plan in subsection 248(1) of the Act, each of the following is a prescribed arrangement: (a) the Major League Baseball Players Benefit Plan; (b) an arrangement under which all contributions are made pursuant to a law of Canada or a province, where one of the main purposes of the law is to enforce minimum standards with respect to wages, vacation entitlement or severance pay; and (c) an arrangement under which all contributions are made in connection with a dispute regarding the entitlement of one or more persons to benefits to be received or enjoyed by the person or persons. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/81-541, s. 1; SOR/96-311, s. 2
Income Tax Regulations — 6801
ing regard to all the circumstances, including the terms and conditions of the arrangement and any agreement relating thereto, that the arrangement is not established to provide benefits on or after retirement but is established for the main purpose of permitting the employee to fund, through salary or wage deferrals, a leave of absence from the employment and under which the deferrals in respect of the leave of absence commenced before 1987; (c) that is established for the purpose of deferring the salary or wages of a professional on-ice official for his services as such with the National Hockey League if, in the case of an official resident in Canada, the trust or other person who has custody and control of any funds, investments or other property under the arrangement is resident in Canada; or (d) between a corporation and an employee of the corporation or a corporation related thereto under which the employee (or, after the employee’s death, a dependant or relation of the employee or the legal representative of the employee) may or shall receive an amount that may reasonably be attributable to duties of an office or employment performed by the employee on behalf of the corporation or a corporation related thereto where (i) all amounts that may be received under the arrangement shall be received after the time of the employee’s death or retirement from, or loss of, the office or employment and no later than the end of the first calendar year commencing thereafter, and (ii) the aggregate of all amounts each of which may be received under the arrangement depends on the fair market value of shares of the capital stock of the corporation or a corporation related thereto at a time within the period that commences one year before the time of the employee’s death or retirement from, or loss of, the office or employment and ends at the time the amount is received, unless, by reason of the arrangement or a series of transactions that includes the arrangement, the employee or a person with whom the employee does not deal at arm’s length is entitled, either immediately or in the future, either absolutely or contingently, to receive or obtain any amount or benefit granted or to be granted for the purpose of reducing the impact, in whole or in part, of any reduction in the fair market value of the shares of the corporation or a corporation related thereto. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/88-128, s. 1; SOR/91-153, s. 1; SOR/94-686, ss. 78(F), 79(F)
Income Tax Regulations — 6801.1
6801.1 (1) For the purposes of paragraph 6801(a), if an employee’s leave of absence is suspended on or after March 15, 2020 (referred to in this subsection as the “first period”) and the leave of absence resumes on or before April 30, 2022 (referred to in this subsection as the “second period”), (a) the employee’s first period and second period are deemed to be one continuous leave of absence; and (b) amounts held for the employee’s benefit under the arrangement shall be paid to the employee out of or under the arrangement no later than the end of the first taxation year that commences after the start of the second period. (2) If the six-year period referred to in subparagraph 6801(a)(i) in respect of an arrangement would end during the period beginning on March 15, 2020 and ending on April 30, 2022, the reference in that subparagraph to “six years” is to be read as a reference to “eight years”. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2021-127, s. 1
Income Tax Regulations — 6802.1
6802.1 (1) For the purpose of paragraph 8(1)(m.2) of the Act, each of the following is a prescribed plan: (a) the pension plan established as a consequence of the establishment, by section 27 of the Members of Parliament Retiring Allowances Act , of the Members of Parliament Retirement Compensation Arrangements Account; and (b) the pension plan established by the Retirement Compensation Arrangements Regulations, No. 1. (2) For the purpose of subsection 207.6(6) of the Act, each of the following is a prescribed plan or arrangement: (a) the pension plan established as a consequence of the establishment, by section 27 of the Members of Parliament Retiring Allowances Act , of the Members of Parliament Retirement Compensation Arrangements Account; (b) the pension plan established by the Retirement Compensation Arrangements Regulations, No. 1 ; and (c) the pension plan established by the Retirement Compensation Arrangements Regulations, No. 2 . [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2000-12, s. 2
Income Tax Regulations — 6803
6803 For the purposes of the definition foreign retirement arrangement in subsection 248(1) of the Act, a prescribed plan or arrangement is a plan or arrangement to which subsection 408(a), (b) or (h) of the United States’ Internal Revenue Code of 1986 , as amended from time to time, applies. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-692, s. 1; SOR/2007-116, s. 10
Income Tax Regulations — 6804
dual’s pension adjustment for the year with respect to each employer; and (e) if the employer is not at that time a foreign non-profit organization, (i) the individual was non-resident at any time before the contribution is made, (ii) the individual became a member of the foreign plan before the end of the month after the month in which the individual became resident in Canada, and (iii) the individual is not a member of a registered pension plan, or a deferred profit sharing plan, in which the employer, or a person or body of persons that does not deal at arm’s length with the employer, participates. Replacement Plan (7) For the purposes of subparagraphs (5)(d)(ii) and (6)(e)(ii), where benefits provided to an individual under a particular plan or arrangement are replaced by benefits under another plan or arrangement, the other plan or arrangement is deemed, in respect of the individual, to be the same plan or arrangement as the particular plan or arrangement. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/96-311, s. 4; SOR/99-9, s. 2
Income Tax Regulations — (a)
foreign non-profit organization means, (a) at any time before 1995, an organization (i) that at that time meets the conditions in subparagraphs (b)(i) to (iii), or (ii) that at that time is not operated for the purpose of profit, and whose assets are situated primarily outside Canada throughout the calendar year that includes that time, and (b) at any time after 1994, an organization that at that time (i) is not operated for the purpose of profit, (ii) has its main place of management outside Canada, and (iii) carries on its activities primarily outside Canada. ( organisme étranger à but non lucratif )
Income Tax Regulations — Income Tax Regulations
foreign plan means a plan or arrangement (determined without regard to subsection 207.6(5) of the Act) that would, but for paragraph (l) of the definition retirement compensation arrangement in subsection 248(1) of the Act, be a retirement compensation arrangement. ( régime étranger )
Income Tax Regulations — (a)
qualifying entity means a non-resident entity that holds all or part of the assets of a foreign plan where the following conditions are satisfied: (a) the entity is resident in a country under the laws of which an income tax is imposed, and (b) where those laws provide an exemption from tax, a reduced rate of tax or other favourable tax treatment for entities that hold assets of pension or other retirement plans, the entity qualifies for the favourable treatment. ( entité admissible )
Income Tax Regulations — 6900
6900 For the purpose of paragraph 94.1(2)(a) of the Act, an offshore investment fund property (within the meaning assigned by subsection 94.1(1) of the Act) of a taxpayer that (a) was acquired by him by way of bequest or inheritance from a deceased person who, throughout the five years immediately preceding his death, was not resident in Canada, (b) had not been acquired by the deceased from a person resident in Canada, and (c) is not property substituted for property acquired by the deceased from a person resident in Canada is a prescribed offshore investment fund property of the taxpayer. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/86-488, s. 10
Income Tax Regulations — 6901
6901 [Repealed, SOR/85-696, s. 18] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/85-696, s. 18
Income Tax Regulations — 7000
the preceding calendar year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/83-864, s. 1; SOR/85-696, s. 19; SOR/86-1092, s. 17(F); SOR/96-225, s. 1; SOR/96-227, s. 1; SOR/96-435, s. 3; SOR/2001-295, s. 4(F) SOR/2024-231, s. 19
Income Tax Regulations — 7001
(ii) each succeeding 12-month period throughout which the obligation is outstanding, and (iii) where the obligation ceases to be outstanding at a time other than the end of a 12-month period referred to in subparagraph (i) or (ii), the period that commences immediately after the last period referred to in those subparagraphs and that ends when the obligation ceases to be outstanding. ( période de redressement normale ) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/96-435, s. 4
Income Tax Regulations — (a)
excluded payment with respect to a taxpayer for a taxation year means an indexed payment under an indexed debt obligation where (a) the non-indexed debt obligation associated with the indexed debt obligation provides for the payment, at least annually, of interest at a single fixed rate, and (b) the indexed payment corresponds to one of the interest payments referred to in paragraph (a), but does not include payments under an indexed debt obligation where, at any time in the year, the taxpayer’s proportionate interest in a payment to be made under the obligation after that time differs from the taxpayer’s proportionate interest in any other payment to be made under the obligation after that time; ( paiement exclu )
Income Tax Regulations — Income Tax Regulations
indexed payment means, in relation to an indexed debt obligation, an amount payable under the obligation that is determined by reference to the purchasing power of money; ( paiement indexé )
Income Tax Regulations — (a)
inflation adjustment period of an indexed debt obligation means, in relation to a taxpayer, (a) where the taxpayer acquires and disposes of the taxpayer’s interest in the obligation in the same regular adjustment period of the obligation, the period that begins when the taxpayer acquires the interest in the obligation and ends when the taxpayer disposes of the interest, and (b) in any other case, each of the following consecutive periods: (i) the period that begins when the taxpayer acquires the taxpayer’s interest in the obligation and ends at the end of the regular adjustment period of the obligation in which the taxpayer acquires the interest in the obligation, (ii) each succeeding regular adjustment period of the obligation throughout which the taxpayer holds the interest in the obligation, and (iii) where the taxpayer does not dispose of the interest in the obligation at the end of a regular adjustment period of the obligation, the period that begins immediately after the last period referred to in subparagraphs (i) and (ii) and that ends when the taxpayer disposes of the interest in the obligation; ( période de redressement pour inflation )
Income Tax Regulations — (a)
regular adjustment period of an indexed debt obligation means (a) where the terms or conditions of the obligation provide that, while the obligation is outstanding, indexed payments are to be made at regular intervals not exceeding 12 months in length, each of the following periods: (i) the period that begins when the obligation is issued and ends when the first indexed payment is required to be made, and (ii) each succeeding period beginning when an indexed payment is required to be made and ending when the next indexed payment is required to be made, (b) where paragraph (a) does not apply and the obligation is outstanding for less than 12 months, the period that begins when the obligation is issued and ends when the obligation ceases to be outstanding, and (c) in any other case, each of the following periods: (i) the 12-month period that begins when the obligation is issued, (ii) each succeeding 12-month period throughout which the obligation is outstanding, and (iii) where the obligation ceases to be outstanding at a time other than the end of a 12-month period referred to in subparagraph (i) or (ii), the period that commences immediately after the last period referred to in those subparagraphs and that ends when the obligation ceases to be outstanding. ( période de redressement normale )
Income Tax Regulations — 7100
7100 For the purposes of subsections 27(2) and (3), the definition private corporation in subsection 89(1) and subsection 124(3) of the Act, the following are prescribed federal Crown corporations: (a) Canada Deposit Insurance Corporation; (b) Canada Hibernia Holding Corporation; (c) Canada Lands Company Limited; (d) Canada Mortgage and Housing Corporation; (e) Canada Post Corporation; (f) Canadian Broadcasting Corporation; (g) Cape Breton Development Corporation; (h) Freshwater Fish Marketing Corporation; (i) Royal Canadian Mint; (j) VIA Rail Canada Inc; and (k) Project Deliver II Ltd. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/84-744, s. 1; SOR/85-175, s. 1; SOR/86-1092, s. 18; 1991, c. 10, s. 19; SOR/91-174, s. 1; SOR/91-557, s. 1; SOR/91-603, s. 1; SOR/94-405, s. 1; SOR/94-686, s. 39(F); SOR/97-28, s. 1; 2001, c. 22, s. 22; SOR/2003-397, s. 1; SOR/2018-160, s. 1
Income Tax Regulations — 7300
7300 For the purposes of paragraph 12(1)(x) of the Act, prescribed amount means (a) an amount paid to a corporation by the Native Economic Development Board created under Order in Council P.C. 1983-3394 of October 31, 1983 pursuant to the Native Economic Development Program or paid to a corporation under the Aboriginal Capital Corporation Program of the Canadian Aboriginal Economic Development Strategy, where all of the shares of the capital stock of the corporation are (i) owned by aboriginal individuals, (ii) held in trust for the exclusive benefit of aboriginal individuals, (iii) owned by a corporation, all the shares of which are owned by aboriginal individuals or held in trust for the exclusive benefit of aboriginal individuals, or (iv) owned or held in a combination of ownership structures described in subparagraph (i), (ii) or (iii) and the purpose of the corporation is to provide loans, loan guarantees, bridge financing, venture capital, lease financing, surety bonding or other similar financing services to aboriginal enterprises; (b) prescribed assistance within the meaning assigned by section 6702; (c) an amount that is the portion of a student loan forgiven under section 9.2 of the Canada Student Financial Assistance Act or under section 11.1 of the Canada Student Loans Act ; (c.1) an amount that is the portion of a student loan forgiven under a provincial program that would be a prescribed amount because of paragraph (c) if section 11.1 of the Canada Student Loans Act or 9.2 of the Canada Student Financial Assistance Act applied to loans under that program; (d) an emissions allowance issued to the taxpayer under the laws of Canada or a province; or (e) an amount that is a non-repayable contribution in respect of battery cell or battery module production in Canada and that is paid under the terms of (i) the special contribution agreement of May 5, 2023 between the Government of Canada and 1000511515 Ontario Inc., or (ii) the special contribution agreement of July 5, 2023 between the Government of Canada and NextStar Energy Inc. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/86-1136, s. 12; SOR/88-312, s. 2; SOR/90-120, s. 1; SOR/91-276, s. 1; SOR/94-686, s. 79(F); 2011, c. 24, s. 88; 2016, c. 12, s. 81; 2017, c. 33, s. 100 SOR/2024-9, s. 1
Income Tax Regulations — 7301
7301 [Repealed, SOR/2001-295, s. 6] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2001-295, s. 6
Income Tax Regulations — 7302 and 7303
7302 and 7303 [Repealed, SOR/93-440, s. 1] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/93-440, s. 1
Income Tax Regulations — 7303.1
7303.1 (1) An area is a prescribed northern zone for a taxation year for the purposes of section 110.7 of the Act where it is (a) the Yukon Territory, the Northwest Territories or Nunavut; (b) those parts of British Columbia, Alberta and Saskatchewan that lie north of 57°30‘N latitude; (c) that part of Manitoba that lies (i) north of 56°20‘N latitude, or (ii) north of 52°30‘N latitude and east of 95°25‘W longitude; (d) that part of Ontario that lies (i) north of 52°30‘N latitude, or (ii) north of 51°05‘N latitude and east of 89°10‘W longitude; (e) that part of Quebec that lies (i) north of 51°05‘N latitude, or (ii) north of the Gulf of St. Lawrence and east of 63°00‘W longitude; (f) Labrador, including Belle Isle; or (g) Haida Gwaii. (2) An area is a prescribed intermediate zone for a taxation year for the purposes of section 110.7 of the Act where it is Anticosti Island, the Magdalen Islands or Sable Island, or where it is not part of a prescribed northern zone referred to in subsection (1) for the year and is (a) that part of British Columbia that lies (i) north of 55°35‘N latitude, (ii) north of 55°00‘N latitude and east of 122°00‘W longitude, or (iii) north of 55°13′N latitude and east of 123°16′W longitude; (b) that part of Alberta that lies north of 55°00‘N latitude; (c) that part of Saskatchewan that lies (i) north of 55°00‘N latitude, (ii) north of 54°15‘N latitude and east of 107°00‘W longitude, or (iii) north of 53°20‘N latitude and east of 103°00‘W longitude; (d) that part of Manitoba that lies (i) north of 53°20‘N latitude, (ii) north of 52°10‘N latitude and east of 97°40‘W longitude, or (iii) north of 51°30‘N latitude and east of 96°00‘W longitude; (e) that part of Ontario that lies north of 50°35‘N latitude; or (f) that part of Quebec that lies (i) north of 50°35‘N latitude and west of 79°00‘W longitude, (ii) north of 49°00‘N latitude, east of 79°00‘W longitude and west of 74°00‘W longitude, (iii) north of 50°00‘N latitude, east of 74°00‘W longitude and west of 70°00‘W longitude, (iv) north of 50°45‘N latitude, east of 70°00‘W longitude and west of 65°30‘W longitude, or (v) north of the Gulf of St. Lawrence, east of 65°30‘W longitude and west of 63°00‘W longitude. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/93-440, s. 2; 2007, c. 35, s. 79 SOR/2024-231, s. 20 SOR/2025-97, s. 1