GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Regulations — 105.1
105.1 (1) Notwithstanding section 100, in this section, amount of remuneration paid to a fisherman means (a) where a boat crewed by one or more fishermen engaged in making a catch is owned, together with the gear, by a person, other than a member of the crew, to whom the catch is to be delivered for subsequent sale or other disposition, such portion of the proceeds from the disposition of the catch that is payable to the fisherman in accordance with an arrangement under which the proceeds of disposition of the catch are to be distributed (in this section referred to as a “share arrangement”), (b) where the boat or gear used in making a catch is owned or leased by a fisherman who alone or with another individual engaged under a contract of service makes the catch, such portion of the proceeds from the disposition of the catch that remains after deducting therefrom (i) the amount in respect of any portion of the catch not caught by the fisherman or the other individual, (ii) the amount payable to the other individual under the contract of service, and (iii) the amount of such proportionate share of the catch as is attributable to the expenses of the operation of the boat or its gear pursuant to their share arrangement, (c) where a crew includes the owner of the boat or gear (in this paragraph referred to as the owner ) and any other fisherman engaged in making a catch, such portion of the proceeds from the disposition of the catch that remains after deducting therefrom (i) in the case of an owner, (A) the amount in respect of that portion of the catch not caught by the crew or an owner, (B) the aggregate of all amounts each of which is an amount payable to a crew member (other than the owner) pursuant to their share arrangement or to an individual engaged under a contract of service, and (C) the amount of such proportionate share of the catch as is attributable to the expenses of the owner’s operation of the boat or its gear pursuant to their share arrangement, or (ii) in the case of any other crew member, such proceeds from the disposition of the catch as is payable to him in accordance with their share arrangement, or (d) in any other case, the proceeds of disposition of the catch payable to the fisherman; ( montant de rémunération ) catch means a catch of shell fish, crustaceans, aquatic animals or marine plants caught or taken from any body of water; ( pêche ) crew means one or more fishermen engaged in making a catch; ( équipe ) fisherman means an individual engaged in making a catch other than under a contract of service. ( pêcheur ) (2) Every person paying at any time in a taxation year an amount of remuneration to a fisherman who, pursuant to paragraph 153(1)(n) of the Act, has elected for the year in prescribed form in respect of all such amounts shall deduct or withhold 20% of each such amount paid to the fisherman while the election is in force. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/83-692, s. 6; SOR/88-165, s. 31(F)
Income Tax Regulations — (a)
amount of remuneration paid to a fisherman means (a) where a boat crewed by one or more fishermen engaged in making a catch is owned, together with the gear, by a person, other than a member of the crew, to whom the catch is to be delivered for subsequent sale or other disposition, such portion of the proceeds from the disposition of the catch that is payable to the fisherman in accordance with an arrangement under which the proceeds of disposition of the catch are to be distributed (in this section referred to as a “share arrangement”), (b) where the boat or gear used in making a catch is owned or leased by a fisherman who alone or with another individual engaged under a contract of service makes the catch, such portion of the proceeds from the disposition of the catch that remains after deducting therefrom (i) the amount in respect of any portion of the catch not caught by the fisherman or the other individual, (ii) the amount payable to the other individual under the contract of service, and (iii) the amount of such proportionate share of the catch as is attributable to the expenses of the operation of the boat or its gear pursuant to their share arrangement, (c) where a crew includes the owner of the boat or gear (in this paragraph referred to as the owner ) and any other fisherman engaged in making a catch, such portion of the proceeds from the disposition of the catch that remains after deducting therefrom (i) in the case of an owner, (A) the amount in respect of that portion of the catch not caught by the crew or an owner, (B) the aggregate of all amounts each of which is an amount payable to a crew member (other than the owner) pursuant to their share arrangement or to an individual engaged under a contract of service, and (C) the amount of such proportionate share of the catch as is attributable to the expenses of the owner’s operation of the boat or its gear pursuant to their share arrangement, or (ii) in the case of any other crew member, such proceeds from the disposition of the catch as is payable to him in accordance with their share arrangement, or (d) in any other case, the proceeds of disposition of the catch payable to the fisherman; ( montant de rémunération )
Income Tax Regulations — Income Tax Regulations
catch means a catch of shell fish, crustaceans, aquatic animals or marine plants caught or taken from any body of water; ( pêche )
Income Tax Regulations — Income Tax Regulations
crew means one or more fishermen engaged in making a catch; ( équipe )
Income Tax Regulations — Income Tax Regulations
fisherman means an individual engaged in making a catch other than under a contract of service. ( pêcheur )
Income Tax Regulations — 106
106 (1) Where an employer makes a payment of remuneration to an employee in his taxation year (a) for a period for which no provision is made in Schedule I, or (b) for a pay period referred to in Schedule I in an amount that is greater than any amount provided for therein, (c) and (d) [Repealed, SOR/2001-221, s. 5] the amount to be deducted or withheld by the employer from any such payment is that proportion of the payment that the tax that may reasonably be expected to be payable under the Act by the employee with respect to the aggregate of all remuneration that may reasonably be expected to be paid by the employer to the employee in respect of that taxation year is of such aggregate. (2) and (3) [Repealed, SOR/84-913, s. 3] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/80-941, s. 4; SOR/81-471, s. 5; SOR/83-349, s. 4; SOR/83-692, s. 7; SOR/84-913, s. 3; SOR/85-453, s. 3; SOR/89-508, s. 5; SOR/2001-221, s. 5
Income Tax Regulations — 107
107 (1) The return required to be filed by an employee under subsection 227(2) of the Act shall be filed by the employee with the employer when the employee commences employment with that employer and a new return shall be filed thereunder within 7 days after the date on which a change occurs that may reasonably be expected to result in a change in the employee’s personal credits for the year. (2) Notwithstanding subsection (1), where, in a year, an employee receives payments in respect of commissions or in respect of commissions and salary or wages, and the employee elects to file a prescribed form for the year in addition to the return referred to in that subsection, that form shall be filed with the employee’s continuing employer on or before January 31 of that year and, where applicable, within one month after the employee commences employment with a new employer or within one month after the date on which a change occurs that may reasonably be expected to result in a substantial change in the employee’s estimated total remuneration for the year or estimated deductions for the year. (3) Where, in a taxation year, an employee has elected to file the prescribed form referred to in subsection (2) and has filed such form with his employer, the employee may at any time thereafter in the year revoke that election and such revocation is effective from the date that he notifies his employer in writing of his intention. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/80-941, s. 5; SOR/81-471, s. 6; SOR/89-508, s. 6; SOR/2001-221, s. 6
Income Tax Regulations — 109
109 (1) Any election under subsection 153(1.2) of the Act shall be made by filing with the person making the payment or class of payments referred to therein (in this section referred to as the payer ) the form prescribed by the Minister for that purpose. (2) A taxpayer who has made an election in the manner prescribed by subsection (1) may require that the amount deducted or withheld pursuant to that election be varied by filing with the payer the form prescribed by the Minister for that purpose. (3) An election made in the manner prescribed by subsection (1) or a variation made pursuant to subsection (2) need not be taken into account by the payer in respect of the first payment to be made to the taxpayer after the election or variation, as the case may be, unless the election or variation, as the case may be, is made within such time, in advance of the payment, as may reasonably be required by the payer.
Income Tax Regulations — 110
110 (1) The following are prescribed persons for the purposes of subsection 153(1) of the Act: (a) an employer who is required, under subsection 153(1) of the Act and in accordance with paragraph 108(1.1)(b), to remit amounts deducted or withheld; and (b) a person or partnership who, acting on behalf of one or more employers, remits the following amounts in a particular calendar year and whose average monthly remittance, in respect of those amounts, for the second calendar year preceding the particular calendar year, is equal to or greater than $50,000, (i) amounts required to be remitted under subsection 153(1) of the Act and a similar provision of a law of a province that imposes a tax on the income of individuals, where the province has entered into an agreement with the Minister of Finance for the collection of taxes payable to the province, in respect of payments described in the definition remuneration in subsection 100(1), (ii) amounts required to be remitted under subsection 21(1) of the Canada Pension Plan , and (iii) amounts required to be remitted under subsection 82(1) of the Employment Insurance Act or subsection 53(1) of the Unemployment Insurance Act . (2) For the purposes of paragraph (1)(b), the average monthly remittance made by a person or partnership on behalf of all the employers for whom that person or partnership is acting, for the second calendar year preceding the particular calendar year, is the quotient obtained when the aggregate, for that preceding year, of all amounts referred to in subparagraphs (1)(b)(i) to (iii) remitted by the person or partnership on behalf of those employers is divided by the number of months, in that preceding year, for which the person or partnership remitted those amounts. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/93-535, s. 1; SOR/99-17, s. 5
Income Tax Regulations — 111
111 For the purpose of subsection 153(1.02) of the Act (a) $25,000 is the amount prescribed for the purpose of the description of A in paragraph 153(1.02)(a) of the Act; (b) 10%, or a lower percentage elected by the eligible employer , as defined in subsection 153(1.03), is the percentage prescribed for the purpose of the description of C in paragraph 153(1.02)(b) of the Act; and (c) $1,375 is the amount prescribed for the purpose of the description of E in paragraph 153(1.02)(c) of the Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2020-106, s. 1
Income Tax Regulations — 200
t. (5) Where a particular qualifying person (within the meaning assigned by subsection 7(7) of the Act) has agreed to sell or issue a security (within the meaning assigned by that subsection) of the particular qualifying person (or of a qualifying person with which it does not deal at arm’s length) to a taxpayer who is an employee of the particular qualifying person (or of a qualifying person with which it does not deal at arm’s length) and the taxpayer has acquired the security under the agreement in circumstances to which subsection 7(8) of the Act applied, each of the particular qualifying person, the qualifying person of which the security is acquired and the qualifying person which is the taxpayer’s employer shall, for the particular taxation year in which the security is acquired, make an information return in the prescribed form in respect of the benefit from employment that the taxpayer would be deemed to have received in the particular taxation year in respect of the acquisition of the security if the Act were read without reference to subsection 7(8) and, for this purpose, an information return made by one of the qualifying persons in respect of the taxpayer’s acquisition of the security is deemed to have been made by each of the qualifying persons. (6) Every person who makes a payment as or on account of an amount that is required by subsection 56(6) of the Act to be included in computing a taxpayer’s income shall make an information return in prescribed form in respect of that payment. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/78-909, s. 1; SOR/79-939, s. 1; SOR/81-936, s. 1; SOR/83-866, s. 1; SOR/83-867, s. 1; SOR/88-165, s. 31(F); SOR/89-473, s. 1; SOR/94-686, s. 79(F); SOR/95-298, s. 2; SOR/99-17, s. 6; SOR/99-22, s. 3; SOR/2003-5, s. 1; SOR/2003-328, s. 1; SOR/2011-188, s. 1(F); SOR/2015-170, s. 1; 2016, c. 7, s. 55
Income Tax Regulations — 201
 in the debt obligation at any time in the year, make an information return in prescribed form in respect of the amount that would, if the year were a taxation year of the taxpayer, be included as interest in respect of the debt obligation in computing the taxpayer’s income for the year. (4.2) Where, at any time in a calendar year, a person or partnership holds, as nominee or agent for a taxpayer resident in Canada, an interest in a debt obligation referred to in paragraph (1)(b) that is (a) an obligation in respect of which subsection 12(4) of the Act applies with respect to the taxpayer, or (b) an indexed debt obligation, that person or partnership shall make an information return in prescribed form in respect of the amount that would, if the year were a taxation year of the taxpayer, be included as interest in respect of the debt obligation in computing the taxpayer’s income for the year. (5) Every insurer, within the meaning assigned by paragraph 148(10)(a) of the Act, who is a party to a life insurance policy in respect of which an amount is to be included in computing a taxpayer’s income under subsection 12.2(1) or (5) of the Act shall make an information return in prescribed form in respect of that amount. (5.1) Subsection (5) applies to an insurer in respect of an LIA policy in respect of a calendar year only if (a) the insurer is notified in writing — before the end of the calendar year and by, or on behalf, of the policyholder — that the policy is an LIA policy; or (b) it is reasonable to conclude that the insurer knew, or ought to have known, before the end of the calendar year, that the policy is an LIA policy. (6) Every person who makes a payment to, or acts as a nominee or agent for, an individual resident in Canada in respect of the disposition or redemption of a debt obligation in bearer form shall make an information return in prescribed form in respect of the transaction indicating the proceeds of disposition or the redemption amount and such other information as may be required by the prescribed form. (7) For the purposes of subsection (6), debt obligation in bearer form means any debt obligation in bearer form other than (a) a debt obligation that is redeemed for the amount for which the debt obligation was issued; (b) a debt obligation described in paragraph 7000(1)(b); and (c) a coupon, warrant or cheque referred to in subsection 207(1). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/79-939, s. 2; SOR/83-866, s. 2; SOR/83-867, s. 2; SOR/86-426, s. 1; SOR/86-1092, s. 1(F); SOR/88-165, s. 31(F); SOR/88-554, s. 1; SOR/91-123, s. 1; SOR/93-527, s. 1; SOR/94-686, ss. 1(F), 78(F), 79(F); SOR/96-283, s. 1; SOR/96-435, s. 1; SOR/2010-93, s. 1; 2013, c. 40, s. 96; 2016, c. 12, s. 74; 2018, c. 12, s. 42
Income Tax Regulations — 202
 return in prescribed form in respect of the amount. (3) Every person who is paid or credited with an amount referred to in subsection (1), (2) or (2.1) for or on behalf of a non-resident person shall make an information return in prescribed form in respect of the amount. (4) A non-resident person who is deemed, under subsection 212(13) of the Act, to be a person resident in Canada for the purposes of section 212 of the Act shall be deemed, in the same circumstances, to be a person resident in Canada for the purposes of subsections (1) and (2). (5) A partnership that is deemed, under paragraph 212(13.1)(a) of the Act, to be a person resident in Canada for the purposes of Part XIII of the Act shall be deemed, in the same circumstances, to be a person resident in Canada for the purposes of subsections (1) and (2). (6) A non-resident person, or an authorized foreign bank, that is deemed under subsection 212(13.2) or paragraph 212(13.3)(a) of the Act to be a person resident in Canada for the purposes of Part XIII of the Act, is deemed, in the same circumstances, to be a person resident in Canada for the purposes of subsections (1) and (2). (6.1) A trust that is deemed by subsection 94(3) of the Act to be resident in Canada for a taxation year for the purposes of computing its income, is deemed, in respect of amounts (other than an exempt amount as defined in subsection 94(1) of the Act) paid or credited by it, to be a person resident in Canada for the taxation year for the purposes of subsections (1) and (2). (7) Subject to subsection (8), an information return required under this section shall be filed on or before March 31 and shall be in respect of the preceding calendar year. (8) Where an amount referred to in subsection (1) or (2) is income of or from an estate or trust, the information return required under this section in respect thereof shall be filed within 90 days from the end of the taxation year of the estate or trust in which the amount was paid or credited and shall be in respect of that taxation year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/79-487, s. 1; SOR/80-382, ss. 3, 4; SOR/81-936, s. 2; SOR/83-866, s. 3; SOR/86-522, s. 1; SOR/88-165, ss. 1, 31(F); SOR/88-395, s. 1; SOR/93-527, s. 2; SOR/94-686, ss. 50(F), 78(F); SOR/99-22, s. 4; SOR/2000-13, s. 1; SOR/2001-216, s. 10(F); SOR/2003-5, s. 2; SOR/2005-123, s. 1; 2009, c. 2, s. 83; SOR/2011-188, s. 2; 2013, c. 34, s. 27; 2014, c. 20, s. 34; SOR/2016-30, s. 4 2023, c. 26, s. 96
Income Tax Regulations — 203
Requirement to file 203 Every institution that is a designated educational institution (as defined in subsection 118.6(1) of the Act) because of paragraph (a) of that definition shall make an information return in prescribed form in respect of each individual enrolled at that institution who is a qualifying student (as defined in subsection 118.6(1)) for a month in a taxation year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/2003-5, s. 3; 2018, c. 27, s. 35
Income Tax Regulations — 204
204 (1) Every person having the control of, or receiving income, gains or profits in a fiduciary capacity, or in a capacity analogous to a fiduciary capacity, shall make a return in prescribed form in respect thereof. (2) The return required under this section shall be filed within 90 days from the end of the taxation year and shall be in respect of the taxation year. (3) Subsection (1) does not require a trust to make a return for a taxation year at the end of which it is (a) governed by a deferred profit sharing plan or by a plan referred to in subsection 147(15) of the Act as a revoked plan; (b) governed by an employees profit sharing plan; (c) a registered charity; (d) governed by an eligible funeral arrangement; (d.1) a cemetery care trust; (e) governed by a registered education savings plan; (f) governed by a TFSA or by an arrangement that is deemed by paragraph 146.2(9)(a) of the Act to be a TFSA; (g) governed by a registered disability savings plan, except if paragraph 146.4(5)(a) or (b) of the Act applies; or (h) governed by a FHSA. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/88-165, s. 31(F); SOR/94-686, s. 51(F); SOR/96-283, s. 2; SOR/99-22, s. 5; SOR/2000-13, s. 2; SOR/2001-216, s. 10(F); 2009, c. 2, s. 84; SOR/2016-30, s. 5 2024, c. 15, s. 74
Income Tax Regulations — 204.1
204.1 (1) The following definitions apply in this section. public investment trust , at any time, means a public trust all or substantially all of the fair market value of the property of which is, at that time, attributable to the fair market value of property of the trust that is (a) units of public trusts; (b) partnership interests in public partnerships (as defined in subsection 229.1(1)); (c) shares of the capital stock of public corporations; or (d) any combination of properties referred to in paragraphs (a) to (c). ( fiducie de placement ouverte ) public trust , at any time, means a mutual fund trust the units of which are, at that time, listed on a designated stock exchange in Canada. ( fiducie ouverte ) Required Information Disclosure (2) A trust that is, at any time in a taxation year of the trust, a public trust shall, within the time required by subsection (3), (a) make public, in prescribed form, information in respect of the trust for the taxation year by posting that prescribed form, in a manner that is accessible to the general public, on the Internet website of CDS Innovations Inc.; and (b) notify the Minister in writing as to when the posting of the prescribed form, as required by paragraph (a), has been made. Required Disclosure Time (3) The time required for a public trust to satisfy the requirements of subsection (2) in respect of the public trust for a taxation year of the public trust is (a) subject to paragraph (b), on or before the day that is 60 days after the end of the taxation year; and (b) where the public trust is, at any time in the taxation year, a public investment trust, on or before the day that is 67 days after the end of the calendar year in which the taxation year ends. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2007, c. 35, s. 72
Income Tax Regulations — (a)
public investment trust , at any time, means a public trust all or substantially all of the fair market value of the property of which is, at that time, attributable to the fair market value of property of the trust that is (a) units of public trusts; (b) partnership interests in public partnerships (as defined in subsection 229.1(1)); (c) shares of the capital stock of public corporations; or (d) any combination of properties referred to in paragraphs (a) to (c). ( fiducie de placement ouverte )
Income Tax Regulations — Income Tax Regulations
public trust , at any time, means a mutual fund trust the units of which are, at that time, listed on a designated stock exchange in Canada. ( fiducie ouverte )