GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Regulations — 3701
3701 (1) For the purposes of the description of B in the definition disbursement quota in subsection 149.1(1) of the Act, the prescribed amount for a taxation year of a registered charity is determined as follows: (a) choose a number, not less than two and not more than eight, of equal and consecutive periods that total twenty-four months and that end immediately before the beginning of the year; (b) aggregate for each period chosen under paragraph (a) all amounts, each of which is the value, determined in accordance with section 3702, of a property, or a portion of a property, owned by the registered charity, and not used directly in charitable activities or administration, on the last day of the period; (c) aggregate all amounts, each of which is the aggregate of values determined for each period under paragraph (b); and (d) divide the aggregate amount determined under paragraph (c) by the number of periods chosen under paragraph (a). (2) For the purposes of subsection (1) and subject to subsection (3), (a) the number of periods chosen by a registered charity under paragraph (1)(a) shall, unless otherwise authorized by the Minister, be used for the taxation year and for all subsequent taxation years; and (b) a registered charity is deemed to have existed on the last day of each of the periods chosen by it. (3) The number of periods chosen under paragraph (1)(a) may be changed by the registered charity for its first taxation year commencing after 1986 and the new number shall, unless otherwise authorized by the Minister, be used for that taxation year and all subsequent taxation years. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/87-632, s. 1; SOR/94-686, s. 51(F); 2010, c. 25, s. 84
Income Tax Regulations — 3702
3702 (1) For the purposes of subsection 3701(1), the value of a property, or a portion of a property, owned by a registered charity, and not used directly in charitable activities or administration, on the last day of a period is determined as of that day to be (a) in the case of a non-qualified investment of a private foundation, the greater of its fair market value on that day and its cost amount to the private foundation; (b) subject to paragraph (c), in the case of property other than a non-qualified investment that is (i) a share of a corporation that is listed on a designated stock exchange, the closing price or the average of the bid and asked prices of that share on that day or, if there is no closing price or bid and asked prices on that day, on the last preceding day for which there was a closing price or bid and asked prices, (ii) a share of a corporation that is not listed on a designated stock exchange, the fair market value of that share on that day, (iii) an interest in real property or a real right in an immovable, the fair market value on that day of the interest or right less the amount of any debt of the registered charity incurred in respect of the acquisition of the interest or right and secured by the interest or right, where the debt bears a reasonable rate of interest, (iv) a contribution that is the subject of a pledge, nil, (v) an interest, or for civil law a right, in property where the registered charity does not have the present use or enjoyment of the interest or right, nil, (vi) a life insurance policy, other than an annuity contract, that has not matured, nil, and (vii) a property not described in any of subparagraphs (i) to (vi), the fair market value of the property on that day; and (c) in the case of any property described in paragraph (b) that is owned in connection with the charitable activities of the registered charity and is a share of a limited-dividend housing company referred to in paragraph 149(1)(n) of the Act or a loan, that has ceased to be used for charitable purposes and is being held pending disposition or for use in charitable activities, or that has been acquired for use in charitable activities, the lesser of the fair market value of the property on that day and an amount determined by the formula (A / 0.035) x (12 / B) where A is the income earned on the property in the period, and B is the number of months in the period. (2) For the purposes of subsection (1), a method that the Minister may accept for the determination of the fair market value of property or a portion thereof on the last day of a period is an independent appraisal made (a) in the case of property described in subparagraph (1)(b)(ii) or (iii), not more than three years before that day; and (b) in the case of property described in paragraph (1)(a), subparagraph (1)(b)(vii) or paragraph (1)(c), not more than one year before that day. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/87-632, s. 1; SOR/94-686, ss. 22(F), 51(F), 73(F), 79(F); 2007, c. 35, s. 76; 2010, c. 25, s. 85
Income Tax Regulations — 3703
3703 For the purpose of subsection 149.1(14) of the Act, the following is prescribed information for the public information return of a charity in a taxation year: (a) in respect of each grantee organization that received total qualifying disbursements from the charity in excess of $5,000 in the taxation year, the name of the grantee organization; (b) the purpose of each qualifying disbursement made to a grantee organization referred to in paragraph (a) in the taxation year; and (c) the total amount disbursed by the charity to each grantee organization referred to in paragraph (a) in the taxation year. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 10, s. 40
Income Tax Regulations — 3800
3800 Every individual who is required by subsection 237(1) of the Act to apply to the Minister of National Health and Welfare for assignment to him of a Social Insurance Number shall do so by delivering or mailing to the local office of the Canada Employment and Immigration Commission nearest to the individual’s residence, a completed application in the form prescribed by the Minister for that purpose.
Income Tax Regulations — Income Tax Regulations
income of a taxpayer for a taxation year from mining operations in a province means the income, for the taxation year, that is derived from mining operations in the province as computed under the laws of the province that impose an eligible tax described in subsection (3). ( revenu )
Income Tax Regulations — Income Tax Regulations
mine includes any work or undertaking in which a mineral ore is extracted or produced and includes a quarry. ( mine )
Income Tax Regulations — Income Tax Regulations
mineral ore includes an unprocessed mineral or mineral-bearing substance. ( minerai )
Income Tax Regulations — (a)
mining operations means (a) the extraction or production of mineral ore from or in a mine; (b) the transportation of mineral ore to the point of egress from the mine; and (c) the processing of (i) mineral ore (other than iron ore) to the prime metal stage or its equivalent, and (ii) iron ore to a stage that is not beyond the pellet stage or its equivalent. ( exploitation minière )
Income Tax Regulations — Income Tax Regulations
non-Crown royalty means a royalty contingent on production of a mine or computed by reference to the amount or value of production from mining operations in a province but does not include a royalty that is payable to the Crown in right of Canada or a province. ( redevance non gouvernementale )
Income Tax Regulations — Income Tax Regulations
processing includes all forms of beneficiation, smelting and refining. ( transformation )
Income Tax Regulations — 4000
4000 [Repealed, SOR/81-251, s. 1] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/81-251, s. 1
Income Tax Regulations — 4001
4001 For the purposes of subsection 20(2.1) of the Act, the amount of interest to be verified by the insurer in respect of a taxpayer shall be verified in prescribed form no later than the last day on which the taxpayer is required to file his return of income under section 150 of the Act for the taxation year in respect of which the interest was paid. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/79-142, s. 2; SOR/79-488, s. 1; SOR/84-224, s. 1
Income Tax Regulations — 4100
4100 For the purposes of subsection 20(9) of the Act, an election shall be made by filing with the Minister the following documents in duplicate: (a) a letter from the taxpayer specifying the amount in respect of which the election is being made; and (b) where the taxpayer is a corporation, a certified copy of the resolution of the directors authorizing the election to be made. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/94-686, s. 79(F)
Income Tax Regulations — 4200
4200 For the purposes of subparagraph 115E(f)(i) of the former Act (within the meaning assigned by paragraph 8(b) of the Income Tax Application Rules ), the value of any income right, annuity, term of years, life or other similar estate or interest in expectancy shall be determined in accordance with the rules and standards, including standards as to mortality and interest, as are prescribed by the Estate Tax Regulations pursuant to the provisions of subparagraph 58(1)(s)(i) of the Estate Tax Act . [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/94-686, s. 48
Income Tax Regulations — 4300
4300 For the purposes of this Part, quarter means any of the following periods in a calendar year: (a) the period beginning on January 1 and ending on March 31; (b) the period beginning on April 1 and ending on June 30; (c) the period beginning on July 1 and ending on September 30; and (d) the period beginning on October 1 and ending on December 31. ( trimestre ) [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/78-63, s. 1; SOR/78-909, s. 2; SOR/79-958, s. 1; SOR/80-931, s. 1; SOR/82-20, s. 1; SOR/82-322, s. 1; SOR/82-598, s. 1; SOR/82-1097, s. 1; SOR/83-237, s. 1; SOR/83-496, s. 1; SOR/84-372, s. 1; SOR/85-696, s. 11; SOR/86-488, s. 7; SOR/87-639, s. 1
Income Tax Regulations — 4301
4301 Subject to section 4302, for the purposes of (a) every provision of the Act that requires interest at a prescribed rate to be paid to the Receiver General, the prescribed rate in effect during any particular quarter is the total of (i) the rate that is the simple arithmetic mean, expressed as a percentage per year and rounded to the next higher whole percentage where the mean is not a whole percentage, of all amounts each of which is the average equivalent yield, expressed as a percentage per year, of Government of Canada Treasury Bills that mature approximately three months after their date of issue and that are sold at auctions of Government of Canada Treasury Bills during the first month of the quarter preceding the particular quarter, and (ii) 4 per cent; (b) every provision of the Act that requires interest at a prescribed rate to be paid or applied on an amount payable by the Minister to a taxpayer, the prescribed rate in effect during any particular quarter is the total of (i) the rate determined under subparagraph (a)(i) in respect of the particular quarter, and (ii) if the taxpayer is a corporation, zero per cent, and in any other case, 2 per cent; (b.1) subsection 17.1(1) of the Act, the prescribed rate in effect during any particular quarter is the rate that would be determined under paragraph (a) in respect of the particular quarter if the reference in subparagraph (a)(i) to “the next higher whole percentage where the mean is not a whole percentage” were read as “two decimal points”; and (c) every other provision of the Act in which reference is made to a prescribed rate of interest or to interest at a prescribed rate, the prescribed rate in effect during any particular quarter is the rate determined under subparagraph (a)(i) in respect of the particular quarter. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/84-372, s. 2; SOR/87-639, s. 1; SOR/89-462, s. 1; SOR/95-285, s. 1; SOR/97-557, s. 4; 2010, c. 12, s. 23; 2012, c. 31, s. 65 SOR/2024-231, s. 7(F)
Income Tax Regulations — 4302
4302 Notwithstanding section 4301, for the purposes of paragraph 16.1(1)(d) of the Act and subsection 1100(1.1), the interest rate in effect during any month is the rate that is one percentage point greater than the rate that was, during the month before the immediately preceding month, the average yield, expressed as a percentage per year rounded to two decimal points, prevailing on all outstanding domestic Canadian-dollar Government of Canada bonds on the last Wednesday of that month with a remaining term to maturity of over 10 years, as first published by the Bank of Canada. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/91-196, s. 4
Income Tax Regulations — 4400
4400 (1) For the purposes of section 24 and subsection 26(11) of the Income Tax Application Rules , (a) a share or security named in Schedule VII is hereby prescribed to be a publicly-traded share or security; and (b) for each such share or security, the amount set out in Column II of Schedule VII opposite that share or security is hereby prescribed as the amount, if any, prescribed in respect of that property. (2) In Schedule VII, the abbreviation (a) “Cl” means “Class”; (b) “Com” means “Common”; (c) “Cv” means “Convertible”; (d) “Cu” means “Cumulative”; (e) “Pc” means “Per Cent”; (f) “Pr” means “Preferred” or “Preference” as the case may be; (g) “Pt” means “Participating”; (h) “Rt” means “Right”; and (i) “Wt” means “Warrant”. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/94-686, s. 48
Income Tax Regulations — 4500
4500 Any election by a taxpayer under subsection 80.1(1), (2), (4), (5), (6) or (9) of the Act shall be made on or before the day on or before which the return of income is required to be filed pursuant to section 150 of the Act for the taxation year in which the assets referred to in the particular election were acquired by him.
Income Tax Regulations — 4601
ancillary to and used as part of any property described in subparagraph (i) that is qualified transportation equipment within the meaning of subsection 127(9) of the Act; and (g) property included in Class 8 in Schedule II that is a reusable cargo container designed with external fittings for the purpose of handling, securing or stacking and having a carrying capacity of 500 cubic feet or more. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/80-131, s. 3; SOR/85-696, s. 12; SOR/88-165, s. 20; SOR/90-22, s. 7; SOR/92-681, s. 3(F); SOR/95-244, s. 4; SOR/2005-371, s. 6(F); SOR/2010-93, s. 21(F)
Income Tax Regulations — 4602
4602 (1) For the purposes of the definition certified property in subsection 127(9) of the Act, each of the following areas is a prescribed area: (a) that portion of the Province of Newfoundland comprising the census divisions 2 to 4 and 7 to 10; (b) that portion of the Province of Prince Edward Island comprising the Kings census division; (c) that portion of the Province of Nova Scotia comprising the census divisions of (i) Cape Breton, (ii) Guysborough, (iii) Inverness, (iv) Richmond, and (v) Victoria; (d) that portion of the Province of New Brunswick comprising the census divisions of (i) Gloucester, (ii) Kent, (iii) Madawaska, (iv) Northumberland, and (v) Restigouche; (e) that portion of the Province of Quebec comprising (i) all of the area north of the 50th parallel of latitude, other than the area within the limits of the city of Sept-Iles, (ii) the Magdalen Islands, and (iii) the census divisions of (A) Bonaventure, (B) Gaspé-Est, (C) Gaspé-Ouest, (D) Matane, (E) Matapédia, (F) Rimouski, other than the area within the limits of the city of Rimouski, (G) Rivière-du-Loup, and (H) Témiscouata; (f) that portion of the Province of Ontario that is north of the 50th parallel of latitude; (g) that portion of the Province of Manitoba comprising the census divisions 19 and 21 to 23, other than the area within the limits of the city of Thompson; (h) that portion of the Province of Saskatchewan comprising the census division of Northern Saskatchewan; (i) that portion of the Province of Alberta comprising the census division of Peace River, other than the area within the limits of the city of Grande Prairie; (j) that portion of the Province of British Columbia comprising the Peace River-Liard census division; and (k) all of the Yukon Territory and the Northwest Territories. (2) For the purposes of subsection (1), the expression “census divisions” has the same meaning as in the Dictionary of 1971 Census Terms , Statistics Canada Catalogue Number 12-540, and the Census Divisions and Subdivisions , Statistics Canada Catalogues Numbered 92-704, 92-705, 92-706 and 92-707. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/81-880, s. 1; SOR/86-1092, s. 11(F); SOR/88-165, s. 21
Income Tax Regulations — 4603
4603 For the purposes of the definition qualified construction equipment in subsection 127(9) of the Act, prescribed equipment means depreciable property of a taxpayer, other than qualified property as defined by subsection 127(9) of the Act or qualified transportation equipment as defined by subsection 127(9) of the Act, that is (a) a property included in Class 22 or 38 in Schedule II; (b) a crane; (c) a pile driver; or (d) a dredge. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/85-696, s. 13; SOR/88-165, s. 22; SOR/90-22, s. 8
Income Tax Regulations — 4604
4604 (1) For the purposes of paragraphs (a) and (c) of the definition approved project property in subsection 127(9) of the Act, property is a prescribed building if it is depreciable property of the taxpayer that is a building or grain elevator, erected on land owned or leased by the taxpayer, (a) that is included in Class 1, 3, 6, 24, 27 or 37 or paragraph (c), (d) or (e) of Class 8 in Schedule II; or (b) that is included or would, but for Class 28 or Class 41 in Schedule II, be included in paragraph (g) of Class 10 in Schedule II. (2) For the purposes of paragraphs (b) and (d) of the definition approved project property in subsection 127(9) of the Act, property is prescribed machinery and equipment if it is depreciable property of the taxpayer (other than property referred to in subsection (1)) that is (a) a property included in paragraph (k) of Class 1 or paragraph (a) of Class 2 in Schedule II; (b) an oil or water storage tank; (c) a property included in Class 8 in Schedule II (other than railway rolling stock); (d) subject to paragraph (e), a property included in paragraph (a) of Class 10 or Class 22 or 38 in Schedule II (other than a car or truck designed for use on highways or streets); (e) a logging truck acquired to be used in the activity of logging and having a weight, including the weight of property the capital cost of which is included in the capital cost of the truck at the time of its acquisition (but for greater certainty not including the weight of fuel), in excess of 16,000 pounds; (f) a property included in any of paragraphs (b) to (f), (h) to (k), (o), (q), (r), (t) or (u) of Class 10 in Schedule II; (g) a property included in paragraph (n) of Class 10, or Class 15, in Schedule II (other than a roadway); (h) a property included in any of paragraphs (a) to (f) of Class 9 in Schedule II; (i) a property included in Class 28 or 41 in Schedule II that would, but for that classes, be included in paragraph (k) or (r) of Class 10 in Schedule II; (j) a property included in any of Classes 21, 24, 27, 29, 34, 39, 40 and 43 in Schedule II; (k) a property included in Class 37 in Schedule II; or (l) a vessel (other than a supply boat, workboat, drilling rig, workover rig or shuttle tanker), including the furniture, fittings and equipment attached thereto, that is used primarily for (i) heavy-lifting or pipe-laying in the construction of, or (ii) the provision of lodging services in the servicing of, an installation, structure, apparatus or artificial island that is used for offshore hydrocarbon exploration or exploitation. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/86-1136, s. 7; SOR/90-22, s. 9; SOR/94-169, s. 4
Income Tax Regulations — 4605
4605 For the purposes of the definition for an approved purpose in paragraph (e) of the definition approved project property in subsection 127(9) of the Act, a prescribed activity of a taxpayer is (a) operating a hotel, motel, camping ground, travel trailer park or any similar lodging facility; (b) providing facilities that are ancillary to a lodging facility referred to in paragraph (a) that is owned by the taxpayer and that are intended for the use and enjoyment of the occupants of the lodging facility; (c) providing facilities that are primarily for the receiving, storage and distribution of goods owned by persons with whom the taxpayer deals at arm’s length; (d) providing to a business owned by a person with whom the taxpayer deals at arm’s length (i) engineering or architectural services, (ii) computer services, or (iii) other technical or scientific services, but not including financial, legal, accounting, medical or dental services; (e) providing to a business owned by a person with whom the taxpayer deals at arm’s length (i) the services of an employment agency, or (ii) advertising services, other than advertising services in a medium owned by the taxpayer; or (f) operating a vessel described in paragraph 4604(2)(l). [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/86-1136, s. 7
Income Tax Regulations — 4606
4606 For the purposes of paragraph (b) of the definition contract payment in subsection 127(9) of the Act, a prescribed amount is an amount received from the Canadian Commercial Corporation in respect of an amount received by that Corporation from a government, municipality or other public authority other than the government of Canada or of a province, a Canadian municipality or other Canadian public authority. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/86-1136, s. 7; SOR/94-686, s. 24(F)
Income Tax Regulations — 4607
4607 For the purposes of the definition specified percentage in subsection 127(9) of the Act, prescribed designated region means a region of Canada, other than the Gaspé peninsula and the provinces of Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland, including Labrador, that was a designated region on December 31, 1984, under the Regional Development Incentives Designated Region Order, 1974 . [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/88-165, s. 23