Income Tax Act — I-3.3 248
count or a property in respect of which paragraph (b), (c), (c.1) or (d.2) applies), the amortized cost of the property to the taxpayer at that time, (d.2) where the taxpayer was a financial institution in its taxation year that includes that time and the property was a specified debt obligation (other than a mark-to-market property for the year), the tax basis of the property to the taxpayer at that time, (e) where the property was a right of the taxpayer to receive an amount, other than property that is (i) a debt the amount of which was deducted under paragraph 20(1)(p) in computing the taxpayer’s income for a taxation year that ended before that time, (ii) a net income stabilization account, (iii) a right in respect of which paragraph (b), (c), (c.1), (d.1) or (d.2) applies, or (iv) a right to receive production (as defined in subsection 18.1(1)) to which a matchable expenditure (as defined in subsection 18.1(1)) relates, the amount the taxpayer has a right to receive, (e.1) where the property was a policy loan (within the meaning assigned by subsection 138(12)) of an insurer, nil, (e.2) where the property is an interest of a beneficiary under a qualifying environmental trust, nil, and (f) in any other case, the cost to the taxpayer of the property as determined for the purpose of computing the taxpayer’s income, except to the extent that that cost has been deducted in computing the taxpayer’s income for any taxation year ending before that time; and, for the purposes of this definition, financial institution , mark-to-market property and specified debt obligation have the meanings assigned by subsection 142.2(1), and tax basis has the meaning assigned by subsection 142.4(1); ( coût indiqué ) credit union has the meaning assigned by subsection 137(6), except for the purposes of Part XV.1; ( caisse de crédit ) cumulative eligible capital [Repealed, 2016, c. 12, s. 63] cumulative unused excess capacity has the same meaning as in subsection 18.2(1); ( capacité excédentaire cumulative inutilisée ) death benefit means the total of all amounts received by a taxpayer in a taxation year on or after the death of an employee in recognition of the employee’s service in an office or employment minus (a) where the taxpayer is the only person who has received such an amount and who is a surviving spouse or common-law partner of the employee (which person is, in this definition, referred to as the “surviving spouse or common-law partner”), the lesser of (i) the total of all amounts so received by the taxpayer in the year, and (ii) the amount, if any, by which $10,000 exceeds the total of all amounts received by the taxpayer in preceding taxation years on or after the death of the employee in recognition of the employee’s service in an office or employment, or (b) where the taxpayer is not the surviving spouse or common-law partner of the employee, the lesser of (i) the total of all amounts so received by the taxpayer in the year, and (ii) that proportion of (A) the amount, if any, by which $10,000 exceeds the total of all amounts received by the surviving spouse or common-law partner of the employee at any time on or after the death of the employee in recognition of the employee’s service in an office or employment that (B) the amount described in subparagraph (i) is of (C) the total of all amounts received by all taxpayers other than the surviving spouse or common-law partner of the employee at any time on or after the death of the employee in recognition of the employee’s service in an office or employment; ( prestation consécutive au décès ) deferred amount at the end of a taxation year under a salary deferral arrangement in respect of a taxpayer means (a) in the case of a trust governed by the arrangement, any amount that a person has a right under the arrangement at the end of the year to receive after the end of the year where the amount has been received, is receivable or may at any time become receivable by the trust as, on accou