Income Tax Act — I-3.3 81
Amounts not included in income 81 (1) There shall not be included in computing the income of a taxpayer for a taxation year, Statutory exemptions (a) an amount that is declared to be exempt from income tax by any other enactment of Parliament, other than an amount received or receivable by an individual that is exempt by virtue of a provision contained in a tax convention or agreement with another country that has the force of law in Canada; War Savings Certificate (b) an amount received under a War Savings Certificate issued by His Majesty in right of Canada or under a similar savings certificate issued by His Majesty in right of Newfoundland before April 1, 1949; Ship or aircraft of non-residents (c) the income for the year of a non-resident person earned in Canada from international shipping or from the operation of aircraft in international traffic, if the country in which the person is resident grants substantially similar relief for the year to persons resident in Canada; Ship of resident corporations (c.1) the income for the year of a corporation resident in Canada (if this Act were read without reference to subsection 250(4)) earned from international shipping, if that corporation satisfies the conditions set out in paragraphs 250(6)(a) and (b); Ship of resident corporations — gains (c.2) the portion of a taxable capital gain of the taxpayer for the year from the disposition of a vessel (as defined in subsection (13(21)), including the furniture, fittings, radiocommunication equipment and other equipment attached to the vessel, that can reasonably be considered to have accrued while the vessel (i) was property of a corporation resident in Canada (if this Act were read without reference to subsection 250(4)) that satisfied the conditions set out in paragraphs 250(6)(a) and (b), and (ii) was used by the corporation solely to earn income from international shipping; Property pertaining to ships (c.3) taxable capital gains of the taxpayer for the year from the disposition of personal or movable property that pertained solely to the operation of vessels while the vessels met the conditions in subparagraphs (c.2)(i) and (ii); Ship of resident corporations — excess recapture (c.4) the amount, if any, determined by the formula A × [B ÷ (B + C)] where A is an amount included under subsection 13(1), in respect of a prescribed class, in computing the taxpayer’s income for the year, B is the amount determined for E.2 in the definition undepreciated capital cost in subsection 13(21) in respect of the prescribed class at the end of the year, and C is the amount determined for E in the definition undepreciated capital cost in subsection 13(21) in respect of the prescribed class at the end of the year; Service pension, allowance or compensation (d) a pension payment, an allowance or compensation that is received under or is subject to the Pension Act ,the Civilian War-related Benefits Act or the War Veterans Allowance Act , an amount received under the Gallantry Awards Order or compensation received under the regulations made under section 9 of the Aeronautics Act ; Canadian Forces members and veterans amounts (d.1) the total of all amounts received or enjoyed by the taxpayer or the taxpayer’s spouse or common-law partner or survivor (as defined in subsection 146.2(1)) in the year on account of (i) a Canadian Forces income support benefit payable to the taxpayer under Part 2 of the Veterans Well-being Act , (ii) pain and suffering compensation, additional pain and suffering compensation or a critical injury benefit, disability award, death benefit, clothing allowance or detention benefit payable to the taxpayer under Part 3 of the Veterans Well-being Act , (iii) a caregiver recognition benefit payable to the taxpayer under Part 3.1 of the Veterans Well-being Act , (iv) an amount payable to the taxpayer under subsection 132(1) of the Veterans Well-being Act , (v) a benefit provided under the Veterans Health Care Regulations , (vi) a be