GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3 (a)
allocation in proportion to patronage for a taxation year means an amount credited by a taxpayer to a customer of that year on terms that the customer is entitled to or will receive payment thereof, computed at a rate in relation to the quantity, quality or value of the goods or products acquired, marketed, handled, dealt in or sold, or services rendered by the taxpayer from, on behalf of or to the customer, whether as principal or as agent of the customer or otherwise, with appropriate differences in the rate for different classes, grades or qualities thereof, if (a) the amount was credited (i) within the year or within 12 months thereafter, and (ii) at the same rate in relation to quantity, quality or value aforesaid as the rate at which amounts were similarly credited to all other customers of that year who were members or to all other customers of that year, as the case may be, with appropriate differences aforesaid for different classes, grades or qualities, and (b) the prospect that amounts would be so credited was held out by the taxpayer to the taxpayer’s customers of that year who were members or non-member customers of that year, as the case may be; ( répartition proportionnelle à l’apport commercial )
Income Tax Act — I-3.3
consumer goods or services means goods or services the cost of which was not deductible by the taxpayer in computing the income from a business or property; ( marchandises de consommation ou services )
Income Tax Act — I-3.3
customer means a customer of a taxpayer and includes a person who sells or delivers goods or products to the taxpayer, or for whom the taxpayer renders services; ( client )
Income Tax Act — I-3.3
income of the taxpayer attributable to business done with members of any taxation year means that proportion of the income of the taxpayer for the year (before making any deduction under this section) that the value of the goods or products acquired, marketed, handled, dealt in or sold or services rendered by the taxpayer from, on behalf of, or for members, is of the total value of goods or products acquired, marketed, handled, dealt in or sold or services rendered by the taxpayer from, on behalf of, or for all customers during the year; ( revenu du contribuable attribuable aux affaires faites avec ses membres )
Income Tax Act — I-3.3
member means a person who is entitled as a member or shareholder to full voting rights in the conduct of the affairs of the taxpayer (being a corporation) or of a corporation of which the taxpayer is a subsidiary wholly-owned corporation; ( membre )
Income Tax Act — I-3.3
non-member customer means a customer who is not a member; ( client non membre )
Income Tax Act — I-3.3 (a)
payment includes (a) the issue of a certificate of indebtedness or shares of the taxpayer or of a corporation of which the taxpayer is a subsidiary wholly-owned corporation if the taxpayer or that corporation has in the year or within 12 months thereafter disbursed an amount of money equal to the total face value of all certificates or shares so issued in the course of redeeming or purchasing certificates of indebtedness or shares of the taxpayer or that corporation previously issued, (b) the application by the taxpayer of an amount to a member’s liability to the taxpayer (including, without restricting the generality of the foregoing, an amount applied in fulfilment of an obligation of the member to make a loan to the taxpayer and an amount applied on account of payment for shares issued to a member) pursuant to a by-law of the taxpayer, pursuant to statutory authority or at the request of the member, or (c) the amount of a payment or transfer by the taxpayer that, under subsection 56(2), is required to be included in computing the income of a member. ( paiement )
Income Tax Act — I-3.3 135.1
 Receiver General, on account of the shareholder’s tax liability, 15% from the amount otherwise payable on the redemption, acquisition or cancellation, if (a) the share was, at the time it was issued, a tax deferred cooperative share; (b) the redeeming entity is the corporation that issued the share, or a person or partnership with whom the corporation does not deal at arm’s length; and (c) the shareholder is not a trust whose taxable income is exempt from tax under this Part because of paragraph 149(1)(r) or (x). Application of subsections 84(2) and (3) (8) Subsections 84(2) and (3) do not apply to a tax deferred cooperative share. Application of subsection (10) (9) Subsection (10) applies in respect of the disposition, after September 28, 2009, by a taxpayer of a tax deferred cooperative share (in this subsection and subsection (10) referred to as the “old share”) of an agricultural cooperative corporation if (a) the disposition results from the acquisition, cancellation or redemption of the old share in the course of a reorganization of the capital of the corporation; (b) in exchange for the old share the corporation issues to the taxpayer a share (in this subsection and subsection (10) referred to as the “new share”) that is described in all of paragraphs (b) to (d) of the definition tax deferred cooperative share in subsection (1); and (c) the amount of paid-up capital, and the amount, if any, that the taxpayer is entitled to receive on a redemption, acquisition or cancellation, of the new share are equal to those amounts, respectively, in respect of the old share. Shares issued on corporate reorganizations (10) If this subsection applies in respect of an exchange of a taxpayer’s old share for a new share, for the purposes of this section (other than subsection (9)), (a) the new share issued in exchange for the old share is deemed to have been issued, pursuant to an allocation in proportion to patronage, at the time the old share was issued; and (b) provided that no person or partnership receives at any time any consideration (other than the new share) in exchange for the old share, for the purposes of subsections (2) and (7) the taxpayer is deemed to have disposed of the old share for nil proceeds. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2006, c. 4, s. 80; 2013, c. 34, s. 282; 2015, c. 36, s. 13 2021, c. 23, s. 28 2026, c. 3, s. 63
Income Tax Act — I-3.3 (a)
agricultural business means a business, carried on in Canada, that consists of one or any combination of (a) farming (including, if the person carrying on the business is a corporation described in paragraph (a) of the definition agricultural cooperative corporation , the production, processing, storing and wholesale marketing of the products of its members’ farming activities); or (b) the provision of goods or services (other than financial services) that are required for farming. ( entreprise d’agriculture )
Income Tax Act — I-3.3 (a)
agricultural cooperative corporation at any time means a corporation (a) that was incorporated or continued by or under the provisions of a law, of Canada or of a province, that provide for the establishment of the corporation as a cooperative corporation or that provide for the establishment of cooperative corporations; and (b) that has at that time (i) as its principal business an agricultural business, or (ii) members, making up at least 75% of all members of the corporation, each of whom (A) is an agricultural cooperative corporation, or (B) has as their principal business a farming business. ( coopérative agricole )
Income Tax Act — I-3.3 (a)
allowable disposition means a disposition by a taxpayer of a tax deferred cooperative share less than five years after the day on which the share was issued if (a) before the disposition, (i) the agricultural cooperative corporation is notified in writing that the taxpayer has after the share was issued become disabled and permanently unfit for work, or termi­nally ill, or (ii) the taxpayer ceases to be a member of the agricultural cooperative corporation; or (b) the agricultural cooperative corporation is notified in writing that the share is held by a person on whom the share has devolved as a consequence of the death of the taxpayer. ( disposition admissible )
Income Tax Act — I-3.3 (a)
eligible member of an agricultural cooperative corporation means a member who carries on an agricultural business and who is (a) an individual resident in Canada; (b) an agricultural cooperative corporation; (c) a corporation resident in Canada that carries on the business of farming in Canada; or (d) a partnership that carries on the business of farming in Canada, all of the members of which are described in any of paragraphs (a) to (c) or this paragraph. ( membre admissible )
Income Tax Act — I-3.3 (a)
tax deferred cooperative share at any time means a share (a) issued, after 2005 and before 2031, by an agricultural cooperative corporation to a person or partnership that is at the time the share is issued an eligible member of the agricultural cooperative corporation, pursuant to an allocation in proportion to patronage; (b) the holder of which is not entitled to receive on the redemption, cancellation or acquisition of the share by the agricultural cooperative corporation or by any person with whom the agricultural cooperative corporation does not deal at arm’s length an amount that is greater than the amount that would, if this Act were read without reference to this section, be included under subsection 135(7) in computing the eligible member’s income for their taxation year in which the share was issued; (c) that has not before that time been deemed by subsection (4) to have been disposed of; and (d) that is of a class (i) the terms of which provide that the agricultural cooperative corporation shall not, otherwise than pursuant to an allowable disposition, redeem, acquire or cancel a share of the class before the day that is five years after the day on which the share was issued, and (ii) that is identified by the agricultural cooperative corporation in prescribed form and manner as a class of tax deferred cooperative shares. ( part à imposition différée )
Income Tax Act — I-3.3 (a)
tax paid balance of a taxpayer at the end of a particular taxation year of the taxpayer means the amount, if any, by which (a) the total of (i) the taxpayer’s tax paid balance at the end of the immediately preceding taxation year, and (ii) the amount, if any, that is included in computing the taxpayer’s income under this Part for the particular taxation year because of an election described in subparagraph (2)(a)(ii), exceeds (b) the total of all amounts each of which is the taxpayer’s proceeds of disposition of a tax deferred cooperative share that the taxpayer disposed of in the particular taxation year. ( solde libéré d’impôt )
Income Tax Act — I-3.3 135.2
ay that is the trust’s filing-due date for a taxation year, (a) in addition to any other penalty for which the trust may be liable under this Act in respect of the failure, the trust is liable to a penalty equal to the product obtained when $1,000 is multiplied by the number of days during which the failure continues; and (b) if, within 30 days after the trust is served personally or by registered mail with a demand in writing from the Minister for the form to be filed, the trust has not filed the form with the Minister, the trust is deemed to cease to be an eligible trust at the end of the day on which the demand was served. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2016, c. 7, s. 38 2024, c. 15, s. 41
Income Tax Act — I-3.3
application for continuance means the application for continuance referred to in paragraph (a) of the definition Canadian Wheat Board continuance . ( demande de prorogation )
Income Tax Act — I-3.3
Canadian Wheat Board means the corporation referred to in subsection 4(1) of the Canadian Wheat Board (Interim Operations) Act , as it read before its repeal, that is continued under the Canada Business Corporations Act pursuant to the application for continuance. ( Commission canadienne du blé )
Income Tax Act — I-3.3 (a)
Canadian Wheat Board continuance means the series of transactions or events that includes (a) the application for continuance under the Canada Business Corporations Act that is (i) made by the corporation referred to in subsection 4(1) of the Canadian Wheat Board (Interim Operations) Act , as it read before its repeal, and (ii) approved by the Minister of Agriculture and Agri-Food under Part III of the Marketing Freedom for Grain Farmers Act ; (b) the issuance of a promissory note or other evidence of indebtedness by the Canadian Wheat Board to the eligible trust; and (c) the disposition of the eligible debt by the eligible trust, in the same taxation year of the trust in which the eligible debt is issued to it, in exchange for consideration that includes the issuance of shares by the Canadian Wheat Board that have a total fair market value at the time of their issuance that is equal to the amount by which the principal amount of the eligible debt exceeds $10 million. ( prorogation de la Commission canadienne du blé )
Income Tax Act — I-3.3
eligible debt means the promissory note or other evidence of indebtedness referred to in paragraph (b) of the definition Canadian Wheat Board continuance . ( dette admissible )
Income Tax Act — I-3.3
eligible share means a common share of the capital stock of the Canadian Wheat Board that is issued in exchange for the eligible debt, as referred to in paragraph (c) of the definition Canadian Wheat Board continuance . ( action admissible )
Income Tax Act — I-3.3 (a)
eligible trust , at any time, means a trust that meets the following conditions: (a) it was established in connection with the application for continuance; (b) it is resident in Canada at that time; (c) immediately before it acquired the eligible debt, it held only property of nominal value; (d) it is not exempt because of subsection 149(1) from tax on its taxable income for any period in its taxation year that includes that time; (e) all of the interests of beneficiaries under it at that time are described by reference to units that are eligible units in it; (f) the only persons who have acquired an interest as a beneficiary under the trust from it before that time are persons who were participating farmers at the time they acquired the interest; (g) all or substantially all of the fair market value of its property at that time is based on the value of property that is (i) eligible debt, (ii) shares of the capital stock of the Canadian Wheat Board, or (iii) property described in paragraph (a) or (b) of the definition qualified investment if in section 204 or a deposit with a credit union; (h) the property that it has paid or distributed at or before that time to a beneficiary under the trust in satisfaction of the beneficiary’s eligible unit in the trust is (i) money denominated in Canadian dollars, or (ii) shares distributed as an eligible wind-up distribution of the trust; and (i) at no time in its taxation year that includes that time is any other trust an eligible trust. ( fiducie admissible )
Income Tax Act — I-3.3 (a)
eligible unit , in a trust at any time, means a unit that describes all or part of an interest as a beneficiary under the trust, if (a) the total of all amounts each of which is the value of a unit at the time it was issued by the trust to a participating farmer does not exceed the amount by which the principal amount of the eligible debt exceeds $10 million; and (b) all of the interests as a beneficiary under the trust are fixed interests if (as defined in subsection 251.2(1)) in the trust. ( unité admissible )
Income Tax Act — I-3.3 (a)
eligible wind-up distribution , of a trust, means a distribution of property by the trust to a person if (a) the distribution includes a share of the capital stock of the Canadian Wheat Board that is listed on a designated stock exchange; (b) the only property (other than a share described in paragraph (a)) distributed by the trust on the distribution is money denominated in Canadian dollars; (c) the distribution results in the disposition of all of the person’s interest as a beneficiary under the trust; and (d) the trust ceases to exist immediately after the distribution or immediately after the last of a series of eligible wind-up distributions (determined without reference to this paragraph) of the trust that includes the distribution. ( distribution admissible sur liquidation )
Income Tax Act — I-3.3 (a)
participating farmer , in respect of a trust at any time, means a person (a) who is eligible to receive units of the trust pursuant to the plan under which the trust directs its trustees to grant units to persons who have delivered grain under a contract with the Canadian Wheat Board on or after August 1, 2013; and (b) engaged in the production of grain or any person entitled, as landlord, vendor or mortgagee or hypothecary creditor, to grain produced by a person engaged in the production of grain or to any share of that grain. ( agriculteur participant )
Income Tax Act — I-3.3
person includes a partnership. ( personne )
Income Tax Act — I-3.3 136
Cooperative not private corporation 136 (1) Notwithstanding any other provision of this Act, a cooperative corporation that would, but for this section, be a private corporation is deemed not to be a private corporation except for the purposes of paragraphs 87(2)(vv) and (ww) (including, for greater certainty, in applying those paragraphs as provided under paragraph 88(1)(e.2)), the definitions excessive eligible dividend designation , general rate income pool and low rate income pool in subsection 89(1), subsections 89(4) to (6) and (8) to (10), sections 123.4, 125, 125.1, 127 and 127.1, the definition mark-to-market property in subsection 142.2(1), sections 152 and 157, subsection 185.2(3), the definitions qualifying cooperative business and small business corporation in subsection 248(1) (as it applies for the purposes of paragraph 39(1)(c)) and subsection 249(3.1). Definition of cooperative corporation (2) In this section, cooperative corporation means a corporation that was incorporated or continued by or under the provisions of a law, of Canada or of a province, that provide for the establishment of the corporation as a cooperative corporation or that provide for the establishment of cooperative corporations, for the purpose of marketing (including processing incident to or connected to the marketing) natural products belonging to or acquired from its members or customers, of purchasing supplies, equipment or household necessaries for or to be sold to its members or customers or of performing services for its members or customers, if (a) the statute by or under which it was incorporated, its charter, articles of association or by-laws or its contracts with its members or its members and customers held out the prospect that payments would be made to them in proportion to patronage; (b) none of its members (except other cooperative corporations) have more than one vote in the conduct of the affairs of the corporation; (c) at least 90% of its members are individuals, other cooperative corporations, or corporations or partnerships that carry on the business of farming; and (d) at least 90% of its shares, if any, are held by members described in paragraph (c) or by trusts governed by registered retirement savings plans, registered retirement income funds, TFSAs or registered education savings plans, the annuitants, holders or subscribers under which are members described in that paragraph. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 136; 1994, c. 7, Sch. II, s. 112; 1998, c. 19, s. 161; 2006, c. 4, s. 81; 2013, c. 34, s. 283, c. 40, s. 61 2023, c. 26, s. 33 2026, c. 3, s. 64
Income Tax Act — I-3.3 137
l amounts each of which is the amount, as of the end of the year, of any share in the credit union of any member thereof; ( provision cumulative maximale ) member , of a credit union, means (a) a person who is recorded as a member on the records of the credit union and is entitled to participate in and use the services of the credit union, and (b) a registered retirement savings plan, a registered retirement income fund, a TFSA, a FHSA or a registered education savings plan, the annuitant, holder or subscriber under which is a person described in paragraph (a). ( membre ) Credit union not private corporation (7) Notwithstanding any other provision of this Act, a credit union that would, if this Act were read without reference to this section, be a private corporation is deemed not to be a private corporation except for the purposes of sections 123.1, 123.4, 125, 127, 127.1, 152 and 157 and the definition small business corporation in subsection 248(1) as it applies for the purpose of paragraph 39(1)(c). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] R.S., 1985, c. 1 (5th Supp.), s. 137; 1994, c. 7, Sch. II, s. 113, Sch. VIII, s. 79, c. 21, s. 64; 2007, c. 2, s. 37, c. 35, s. 68; 2013, c. 33, s. 15, c. 34, s. 284, c. 40, s. 62; 2015, c. 36, s. 14 2024, c. 15, s. 42
Income Tax Act — I-3.3 (a)
allocation in proportion to borrowing for a taxation year means an amount credited by a credit union to a person who was a member of the credit union in the year on terms that the member is entitled to or will receive payment thereof, computed at a rate in relation to (a) the amount of interest payable by the member on money borrowed from the credit union, or (b) the amount of money borrowed by the member from the credit union, if the amount was credited at the same rate in relation to the amount of interest or money, as the case may be, as the rate at which amounts were similarly credited for the year to all other members of the credit union of the same class; ( répartition proportionnelle à l’importance de l’emprunt )
Income Tax Act — I-3.3 (a)
bonus interest payment for a taxation year means an amount credited by a credit union to a person who was a member of the credit union in the year on terms that the member is entitled to or will receive payment thereof, computed at a rate in relation to (a) the amount of interest payable in respect of the year by the credit union to the member on money standing to the member’s credit from time to time in the records or books of account of the credit union, or (b) the amount of money standing to the member’s credit from time to time in the year in the records or books of account of the credit union, if the amount was credited at the same rate in relation to the amount of interest or money, as the case may be, as the rate at which amounts were similarly credited in the year to all other members of the credit union of the same class; ( paiement d’intérêts supplémentaires )
Income Tax Act — I-3.3 (a)
credit union means a corporation, association or federation incorporated or organized as a credit union or cooperative credit society if (a) it is (i) a federal credit union, or (ii) a provider of financial services that is organized on cooperative principles and incorporated by or under an Act of the legislature of a province, (b) all or substantially all the members thereof having full voting rights therein were corporations, associations or federations (i) incorporated as credit unions or cooperative credit societies, each of which is described in paragraph (a), or all or substantially all of the members of which were credit unions, cooperatives or a combination of those entities, (ii) incorporated, organized or registered under, or governed by a law of Canada or a province with respect to cooperatives, or (iii) incorporated or organized for charitable purposes, or were corporations, associations or federations no part of the income of which was payable to, or otherwise available for the personal benefit of, any shareholder or member thereof, or (c) the corporation, association or federation would be a credit union by virtue of paragraph (b) if all the members (other than individuals) having full voting rights in each member thereof that is a credit union were members having full voting rights in the corporation, association or federation; ( caisse de crédit )