Income Tax Act — I-3.3 248
, of a particular partnership at any time, means a person or partnership (in this definition referred to as the “taxpayer”) (a) whose share of the particular partnership’s income from all sources for the last fiscal period of the particular partnership that ended before that time (or, if the particular partnership’s first fiscal period includes that time, for that period) would have exceeded 1/2 of the particular partnership’s income from all sources for that period if the taxpayer had held throughout that period each interest in the partnership that the taxpayer or a person affiliated with the taxpayer held at that time, or (b) whose share, if any, together with the shares of every person with whom the taxpayer is affiliated, of the total amount that would be paid to all members of the particular partnership (otherwise than as a share of any income of the partnership) if it were wound up at that time exceeds 1/2 of that amount; ( associé détenant une participation majoritaire ) mineral includes ammonite gemstone, bituminous sands, calcium chloride, coal, kaolin, oil shale and silica, but does not include petroleum, natural gas or a related hydrocarbon not expressly referred to in this definition; ( minéral ) mineral resource means (a) a base or precious metal deposit, (b) a coal deposit, (c) a bituminous sands deposit or oil shale deposit, or (d) a mineral deposit in respect of which (i) the Minister of Natural Resources has certified that the principal mineral extracted is an industrial mineral contained in a non-bedded deposit, (ii) the principal mineral extracted is ammonite gemstone, calcium chloride, diamond, gypsum, halite, kaolin, lithium or sylvite, or (iii) the principal mineral extracted is silica that is extracted from sandstone or quartzite; ( matières minérales ou ressource minérale ) minerals [Repealed, 1994, c. 21, s. 109] mining reclamation trust [Repealed, 1998, c. 19, s. 66] Minister means the Minister of National Revenue; ( ministre ) money purchase limit for a calendar year has the meaning assigned by subsection 147.1(1); ( plafond des cotisations déterminées ) mortgage investment corporation has the meaning assigned by subsection 130.1(6); ( société de placement hypothécaire ) motor vehicle means an automotive vehicle designed or adapted to be used on highways and streets but does not include (a) a trolley bus, or (b) a vehicle designed or adapted to be operated exclusively on rails; ( véhicule à moteur ) mutual fund corporation has the meaning assigned by subsection 131(8); ( société de placement à capital variable ) mutual fund trust has the meaning assigned by subsection 132(6); ( fiducie de fonds commun de placement ) net capital loss has the meaning assigned by subsection 111(8), except as otherwise expressly provided; ( perte en capital nette ) net corporate income tax rate in respect of a SIFT trust or SIFT partnership for a taxation year means the amount, expressed as a decimal fraction, by which (a) the percentage rate of tax provided under paragraph 123(1)(a) for the taxation year exceeds (b) the total of (i) the percentage that would, if the SIFT trust or SIFT partnership were a corporation, be its general rate reduction percent- age, within the meaning assigned by subsection 123.4(1), for the taxation year, and (ii) the percentage deduction from tax provided under subsection 124(1) for the taxation year; ( taux net d’imposition du revenu des sociétés ) net income stabilization account means an account of a taxpayer (a) under the net income stabilization account program under the Farm Income Protection Act , or (b) that is a prescribed account; ( compte de stabilisation du revenu net ) Newfoundland offshore area has the meaning assigned to the expression offshore area by the Canada–Newfoundland and Labrador Atlantic Accord Implementation and Offshore Renewable Energy Management Act , chapter 3 of the Statutes of Canada, 1987; ( zone extracôtière de Terre-Neuve ) NISA Fund No. 2 means the portio