Income Tax Act — I-3.3 127.52
ection applied in computing the individual’s net capital loss for any taxation year that began before 1995, (II) paragraphs (c.1) and (d) of this subsection, as they read in respect of taxation years that began after 1994 and ended before 2012, applied in computing the individual’s net capital loss for any of those years, (III) paragraphs (c.1) and (d) of this subsection applied in computing the individual’s net capital loss for any taxation year that ends after 2011 and begins before 2024, and (IV) paragraph (c.1) of this subsection applied in computing the individual’s net capital loss for any taxation year that begins after 2023; and (j) in computing the individual’s income for the year, the individual deducted 1/2 of the amount deducted for the year under (i) paragraphs 8(1)(c) to (e), (g) to (l.2) and (p) to (t), (ii) paragraphs 20(1)‍(c) to (f) and (bb) in respect of an amount borrowed or paid to earn income from property for the year, other than an amount described under any of paragraphs (b), (c), (c.‍2), (c.‍3) and (e.1), (iii) paragraphs 60(e), (e.1) and (g), (iv) subsections 62(1) and (2), (v) subsections 63(1) and (2.2), and (vi) section 64. Partnerships (2) For the purposes of subsection 127.52(1) and this subsection, any amount deductible under a provision of this Act in computing the income or loss of a partnership for a fiscal period is, to the extent of a member’s share of the partnership’s income or loss, deemed to be deductible by the member under that provision in computing the member’s income for the taxation year in which the fiscal period ends. Specified member of a partnership (2.1) Where it can reasonably be considered that one of the main reasons that a member of a partnership was not a specified member of the partnership at all times since becoming a member of the partnership is to avoid the application of this section to the member’s interest in the partnership, the member is deemed for the purpose of this section to have been a specified member of the partnership at all times since becoming a member of the partnership. Definitions (3) For the purposes of this section, film property means a property described in paragraph (n) of Class 12, or paragraph (w) of Class 10, of Schedule II to the Income Tax Regulations ; ( production cinématographique ) limited partner has the meaning that would be assigned by subsection 96(2.4) if that subsection were read without reference to “if the member’s partnership interest is not an exempt interest (within the meaning assigned by subsection 127.52(2.5)) at that time and”; ( commanditaire ) rental or leasing property means a property that is a rental property or a leasing property for the purpose of section 1100 of the Income Tax Regulations . ( bien de location ) residential property [Repealed, 1998, c. 19, s. 150(8)] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 127.52; 1994, c. 7, Sch. II, s. 106, Sch. VIII, s. 70; 1998, c. 19, ss. 35, 150; 1999, c. 22, s. 50; 2001, c. 17, s. 119; 2002, c. 9, s. 40; 2006, c. 4, s. 75.1; 2007, c. 2, ss. 34.1, 50; 2013, c. 34, s. 271, c. 40, s. 60; 2014, c. 39, s. 44 2024, c. 17, s. 41 2024, c. 17, s. 80 2026, c. 3, s. 58