Income Tax Regulations

Contents

10,596 provisions, too many to show on one page. Open a part or section to read it with its history and connections, or search inside the text.

1. [Note: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.]
2. Short Title
   1. 1 These Regulations may be cited as the Income Tax Regulations.
3. Interpretation
   1. 2 In these Regulations, Act means the Income Tax Act.
4. Part I · Tax Deductions
   1. Interpretation
   2. Deductions and Remittances
   3. Periodic Payments
   4. Non-Periodic Payments
   5. Deductions not Required
   6. Lifelong Learning Plan
   7. Non-Residents
   8. Fishermen’s Election
   9. Variations in Deductions
   10. Employee’s Returns
   11. Remittances to Receiver General
   12. Elections To Increase Deductions
   13. Prescribed Persons
   14. Deemed Remittance
5. Part II · Information Returns
   1. Remuneration and Benefits
   2. Investment Income
   3. Payments to Non-Residents
   4. Estates and Trusts
   5. Interpretation
   6. Additional Reporting — Trusts
   7. Date Returns To Be Filed
   8. Electronic Filing
   9. Legal Representatives and Others
   10. Ownership Certificates
   11. Distribution of Taxpayers Portions of Returns
   12. Tax Deduction Information
   13. Accrued Bond Interest
   14. Employees Profit Sharing Plans
   15. Pooled Registered Pension Plans
   16. Registered Retirement Savings Plans
   17. Registered Retirement Income Funds
   18. Advanced Life Deferred Annuity
   19. Dispositon of Interest in Annuities and Life Insurance Policies
   20. Patronage Payments
   21. First Home Savings Account
   22. Cash Bonus Payments on Canada Savings Bonds
   23. Qualified Investments
   24. TFSAs
   25. Canadian Home Insulation Program and Canada Oil Substitution Program
   26. Certified Films and Video Tapes
   27. Scientific Research Tax Credits
   28. Share Purchase Tax Credits
   29. Resource Flow-Through Shares
   30. Partnership Return
   31. Definitions
   32. Security Transactions
   33. Worker’s Compensation
   34. Social Assistance
   35. Farm Support Payments
   36. Identifier Information
   37. Contract for Goods and Services
   38. Reporting of Payments in Respect of Construction Activities
6. Part III · Annuities and Life Insurance Policies
   1. Capital Element of Annuity Payments
   2. Life Annuity Contracts
   3. Prescribed Annuity Contracts
   4. Exempt Policies
   5. Accumulating Funds
   6. Net Cost of Pure Insurance and Mortality Gains and Losses
   7. Prescribed Premiums and Prescribed Increases
   8. Income from Participating Life Insurance Businesses
   9. Interpretation
7. Part IV · Taxable Income Earned in a Province by a Corporation
   1. Interpretation
   2. Computation of Taxable Income
   3. General Rules
   4. Central Paymaster
   5. Insurance Corporations
   6. Banks
   7. Trust and Loan Corporations
   8. Railway Corporations
   9. Airline Corporations
   10. Grain Elevator Operators
   11. Bus and Truck Operators
   12. Ship Operators
   13. Pipeline Operators
   14. Divided Businesses
   15. Non-Resident Corporations
   16. Provincial SIFT Tax Rate
8. Part V · Non-Resident-Owned Investment Corporations
   1. Elections
   2. Elections Revoked
   3. Certificates of Changes of Ownership
9. Part VI · Elections
   1. 600 For the purposes of paragraphs 220(3.2)(a) and (b) of the Act, the following are prescribed provisions:
10. Part VII · Logging Taxes on Income
    1. Logging
11. Part VIII · Non-Resident Taxes
    1. Registered Non-Resident Insurers
    2. Filing of Returns by Registered Non-Resident Insurers
    3. Amounts Taxable
    4. Payment of Tax by Registered Non-Resident Insurers
    5. Interpretation
    6. Other Non-Resident Persons
    7. Payee Certificate
    8. International Organizations and Agencies
    9. Prescribed Obligation
    10. Identification of Obligations
    11. Allowances in Respect of Investment in Property in Canada
    12. Reduction of Certain Amounts To Be Deducted or Withheld
12. Part IX · [Repealed, SOR/2003-5, s. 13]
13. Part X · Elections in Respect of Deceased Taxpayers
    1. 1000 [Repealed, 2026, c. 3, s. 102]
    2. 1000.1 [Repealed, 2026, c. 3, s. 102]
    3. Annual Instalments
14. Part XI · Capital Cost Allowances
    1. Division I — Deductions Allowed
    2. Division II — Separate Classes
    3. Division III — Property Rules
    4. Division IV — Inclusions In and Transfers Between Classes
    5. Division V — Interpretation
    6. Division VI — Classes Prescribed
    7. Division VII — Certificates Issued by the Minister of Canadian Heritage
    8. Division VIII — Determination of Viscosity and Density
15. Part XII · Resource and Processing Allowances
    1. 1200 For the purposes of section 65 of the Act, there may be deducted in computing the income of a taxpayer for a taxation year such of the amounts determined i
    2. Earned Depletion Allowances
    3. Mining Exploration Depletion
    4. Resource Profits
    5. Earned Depletion Base
    6. Interpretation
    7. Frontier Exploration Allowances
    8. Additional Allowances in Respect of Certain Oil or Gas Wells
    9. Additional Allowances in Respect of Certain Mines
    10. Resource Allowance
    11. Prescribed Amounts
    12. Supplementary Depletion Allowances
    13. Prescribed Deductions
    14. Amalgamations and Windings-Up
    15. Prescribed Persons
    16. Prescribed Canadian Exploration Expense
    17. Prescribed Canadian Development Expense
    18. Canadian Renewable and Conservation Expense
16. Part XIII · Elections in Respect of Taxpayers Ceasing To Be Resident in Canada
    1. Elections To Defer Capital Gains
    2. Elections To Defer Payment of Taxes
    3. Elections To Realize Capital Gains
17. Part XIV · Insurance Business Policy Reserves
    1. Division 1 — Policy Reserves
    2. Division 2 — Amounts Determined
    3. Division 3 — Special Rules
    4. Division 4 — Life Insurance Policy Reserves
    5. Division 5 — Interpretation
18. Part XV · Profit Sharing Plans
    1. Division I — Employees Profit Sharing Plans
    2. Division II — Deferred Profit Sharing Plans
    3. Division III — Elections in Respect of Certain Single Payments
19. Part XVI · Prescribed Countries
    1. 1600 For the purposes of subsection 10(4) of the Income Tax Application Rules, the following countries are hereby prescribed:
20. Part XVII · Capital Cost Allowances, Farming and Fishing
    1. Division I — Deductions Allowed
    2. Division II — Maximum Deductions
    3. Division III — Property not Included
    4. Division IV — Interpretation
    5. Division V — Application of this Part
21. Part XVIII · Inventories
    1. Manner of Keeping Inventories
    2. Valuation
    3. Valuation of Animals
22. Part XIX · Investment Income Tax
    1. Interpretation
23. Part XX · Political Contributions
    1. Contents of Receipts
    2. Interpretation
24. Part XXI · Elections in Respect of Surpluses
    1. Reduction of Tax-Paid Undistributed Surplus on Hand or 1971 Capital Surplus on Hand
    2. Capital Dividends and Life Insurance Capital Dividends Payable by Private Corporations
    3. Tax on 1971 Undistributed Income on Hand
    4. Capital Gains Dividends Payable by Mutual Fund Corporations, Investment Corporations and Mortgage Investment Corporations
    5. Capital Gains Dividends Payable by Non-Resident-Owned Investment Corporations
    6. Alternative to Additional Tax on Excessive Elections
    7. Tax-deferred Preferred Series
25. Part XXII · Security Interests
    1. 2200 Where, under subsection 220(4) of the Act, the Minister has accepted, as security for payment of taxes, a mortgage or other security or guarantee, he may,
    2. 2201
26. Part XXIII · Principal Residences
    1. 2300 Any election by a taxpayer under subparagraph 40(2)(c)(ii) of the Act shall be made by attaching to the return of income required by section 150 of the Act
    2. 2301 Any designation by a taxpayer under subparagraph 54(g)(iii) of the Act shall be made in the return of income required by section 150 of the Act to be filed
27. Part XXIV · Insurers
    1. Definitions
    2. Designated Insurance Property
    3. Branch Tax Elections
    4. Prescribed Amount
    5. Mean Canadian Investment Fund
28. Part XXV · Special T1 Tax Table for Individuals
    1. 2500
    2. 2501 In this Part, amount taxable has the meaning assigned by subsection 117(2) of the Act.
29. Part XXVI · Income Earned in a Province by an Individual
    1. Interpretation
    2. Residents of Canada
    3. Non-Residents
    4. Income from Business
    5. Bus and Truck Operators
    6. More than One Business
    7. Limitations of Business Income
    8. Dual Residence
    9. Sift Trusts
30. Part XXVII · Group Term Life Insurance Benefits
    1. Definitions & Interpretation
    2. Prescribed Benefit
    3. Term Insurance Benefit
    4. Prepaid Insurance Benefit
    5. Employee-Paid Insurance
    6. Prescribed Premium and Insurance
31. Part XXVIII · Elections in Respect of Accumulating Incomes of Trusts
    1. 2800
32. Part XXIX · Scientific Research and Experimental Development
    1. Interpretation
    2. Prescribed Expenditures
    3. Special-Purpose Buildings
33. Part XXX · [Repealed, 2013, c. 40, s. 105]
    1. 3000 to 3002 [Repealed, SOR/93-531, s. 1]
    2. 3003 [Repealed, 2013, c. 40, s. 105]
    3. 3004 [Repealed, 2013, c. 40, s. 105]
34. Part XXXI · Tax Shelter
    1. 3100 Prescribed benefits
    2. 3101 Prescribed property
35. Part XXXII · [Repealed, SOR/2011-188, s. 17]
    1. 3200 [Repealed, 2007, c. 35, s. 74]
    2. 3201 [Repealed, 2007, c. 35, s. 74]
    3. 3202 [Repealed, SOR/2011-188, s. 17]
36. Part XXXIII · Tax Transfer Payments
    1. 3300 For the purposes of subsection 154(2) of the Act, a rate of 45% is prescribed.
37. Part XXXIV · International Development Assistance Programs
    1. 3400 For the purposes of paragraphs 122.3(1)(a) and 250(1)(d) of the Act, each international development assistance program of the Canadian International Develo
38. Part XXXV · Gifts
    1. Interpretation
    2. Contents of Receipts
    3. Contents of Information Returns
    4. Employees’ Charity Trusts
    6. Prescribed Donees
    7. Conditions
39. Part XXXVI · Reserves for Surveys
    1. 3600
40. Part XXXVII · Registered Charities
    1. 3700 [Repealed, 2010, c. 25, s. 83]
    2. Disbursement Quota
    3. Determination of Value
    4. Information Returns
41. Part XXXVIII · Social Insurance Number Applications
    1. 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
42. Part XXXIX · Mining Taxes
    1. 3900
43. Part XL · Borrowed Money Costs
    1. 4000 [Repealed, SOR/81-251, s. 1]
    2. Interest on Insurance Policy Loans
44. Part XLI · Representation Expenses
    1. 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:
45. Part XLII · Valuation of Annuities and Other Interests
    1. 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 valu
46. Part XLIII · Interest Rates
    1. Interpretation
    2. Prescribed Rate of Interest
47. Part XLIV · Publicly-traded Shares or Securities
    1. 4400
48. Part XLV · Elections in Respect of Expropriation Assets
    1. 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
49. Part XLVI · Investment Tax Credit
    1. Qualified Property
    2. Qualified Transportation Equipment
    3. Certified Property
    4. Qualified Construction Equipment
    5. Approved Project Property
    6. Prescribed Activities
    7. Prescribed Amount
    8. Prescribed Designated Regions
    9. Prescribed Expenditure for Qualified Canadian Exploration Expenditure
    10. Prescribed Offshore Region
    11. Prescribed Area
50. Part XLVII · Election in Respect of Certain Property Owned on December 31, 1971
    1. 4700 Any election by an individual under subsection 26(7) of the Income Tax Application Rules, shall be made by filing with the Minister the form prescribed.
51. Part XLVIII · Status of Corporations and Trusts
    1. 4800
    2. 4800.1 For the purposes of paragraph 107(1)(a) and subsections 107(1.1), (2) and (4.1) of the Act, the following are prescribed trusts:
    3. 4801 In applying at any time paragraph 132(6)(c) of the Act, the following are prescribed conditions in respect of a trust:
    4. 4801.001 For the purpose of applying at any particular time subclause 4801(a)(i)(B)(II), the following are the prescribed conditions:
    5. 4801.01 For the purpose of subsection 132.11(1) of the Act, a trust that is a money market fund as defined in National Instrument 81-102 Mutual Funds, as amende
    6. 4801.02 For the purposes of the definition eligible business entity in subsection 204.8(1), clause 204.82(2.2)(d)(i)(B) and paragraph 204.82(6)(a) of the Act, a
    7. 4801.1 For the purpose of paragraph (c) of the definition exempt trust in subsection 233.2(1) of the Act, the following conditions are hereby prescribed in resp
    8. 4802
    9. 4803
52. Part XLIX · Registered Plans — Investments
    1. 4900
    2. Interpretation
53. Part L · [Repealed, 2013, c. 40, s. 109]
    1. 5000 [Repealed, 2013, c. 40, s. 109]
    2. 5001 [Repealed, 2013, c. 40, s. 109]
    3. 5002 [Repealed, SOR/2005-264, s. 9]
54. Part LI · Deferred Income Plans, Investments in Small Business
    1. 5100
    2. 5101
    3. 5102
    4. 5103
    5. 5104
55. Part LII · Canadian Manufacturing and Processing Profits
    1. Basic Formula
    2. Small Manufacturers’ Rule
    3. Interpretation
    4. Resource Income
    5. Partnerships
56. Part LIII · Instalment Base
    1. Individuals
    2. Corporations Under Part I of the Act
57. Part LIV · [Repealed, SOR/2011-188, s. 21]
    1. 5400 [Repealed, SOR/2011-188, s. 21]
    2. 5401 [Repealed, SOR/2011-188, s. 21]
58. Part LV · Prescribed Programs and Benefits
    1. Canadian Home Insulation Program
    2. Canada Oil Substitution Program
    3. Benefits Under Government Assistance Programs
    4. Stabilization of Farm Income
59. Part LVI · Prescribed Distributions
    1. 5600 For the purpose of section 86.1 of the Act, the following distributions of shares are prescribed:
60. Part LVII · Medical Expense Tax Credit
    1. 5700 For the purposes of paragraph 118.2(2)(m) of the Act, a device or equipment is prescribed if it is a
    2. 5701 For the purpose of subparagraph 118.2(2)(n)(ii) of the Act, a drug, medicament or other preparation or substance is prescribed if it
61. Part LVIII · Retention of Books and Records
    1. 5800
    2. 5801 [Repealed, SOR/81-725, s. 6]
62. Part LIX · Foreign Affiliates
    1. Dividends out of Exempt, Taxable and Pre-Acquisition Surplus
    2. Order of Surplus Distributions
    3. Election in Respect of Capital Gains
    4. Deductible Loss
    5. Participating Percentage
    6. Special Rules
    7. Carrying on Business in a Country
    8. Interpretation
63. Part LX · Prescribed Activities
    1. 6000 For the purpose of clause 122.3(1)(b)(i)(C) of the Act, a prescribed activity is an activity performed under contract with the United Nations.
64. Part LXI · Related Segregated Fund Trusts
    1. 6100 An election under subsection 138.1(4) of the Act by the trustee of a related segregated fund trust shall be made by filing with the Minister the prescribed
65. Part LXII · Prescribed Securities, Shares and Debt Obligations
    1. Prescribed Securities
    2. Prescribed Shares
66. Part LXIII · Child Tax Benefits
    1. Interpretation
    2. Non-Application of Presumption
    3. Factors
67. Part LXIV · Prescribed Dates
    1. Child Tax Credits
    2. Quebec Tax Abatement
68. Part LXV · Prescribed Laws
    1. 6500 For the purposes of paragraph 241(4)(j.2) of the Act, the following are prescribed laws of the Province of Quebec:
    2. 6501 For the purposes of paragraph 81(1)(q) of the Act, prescribed provision of the law of a province means
    3. 6502 For the purposes of paragraph 56(1)(c.1), section 56.1, paragraph 60(c.1) and section 60.1 of the Act, the class of individuals is prescribed as a class of
    4. 6503 For the purposes of paragraphs 60(j.02) to (j.04) of the Act, subsection 41(5) of the Canadian Forces Superannuation Act, subsections 39(7) and 42(8) of th
69. Part LXVI · Prescribed Order
    1. 6600 For the purpose of the definition overseas Canadian Forces school staff in subsection 248(1) of the Act, the Canadian Forces Overseas Schools Regulations i
70. Part LXVII · Prescribed Venture Capital Corporations, Labour-sponsored Venture Capital Corporations, Investment Contract Corporations, Qualifying Corporations and Prescribed Stock Savings Plans
    1. 6700 For the purposes of paragraph 40(2)(i), clause 53(2)(k)(i)(C), the definition private corporation in subsection 89(1), subsection 125(6.2), the definition
    2. 6700.1 For the purposes of paragraph 40(2)(i) and clause 53(2)(k)(i)(C) of the Act, a corporation that has an employee share ownership plan registered under Par
    3. 6700.2 For the purposes of paragraph 40(2)(i) and clause 53(2)(k)(i)(C) of the Act, “prescribed venture capital corporation” at any time includes a corporation
    4. 6701 For the purposes of paragraph 40(2)(i), clause 53(2)(k)(i)(C), the definition public corporation in subsection 89(1), the definition specified investment b
    5. 6701.1 [Repealed, 2016, c. 7, s. 57]
    6. 6702 For the purposes of subparagraph 40(2)(i)(ii) and clause 53(2)(k)(i)(C) of the Act, each of the following is prescribed assistance:
    7. 6703 For the purposes of section 186.1 of the Act, a prescribed investment contract corporation means a corporation described in clause 146(1)(j)(ii)(B) of the
    8. 6704 For the purposes of section 186.2 of the Act, a corporation is a prescribed qualifying corporation in respect of dividends received by a shareholder on sha
    9. 6705 For the purposes of paragraph 40(2)(i) and clause 53(2)(k)(i)(C) of the Act, a stock savings plan governed by any of the following is a prescribed stock sa
    10. 6706 For the purpose of clause 204.81(1)(c)(v)(F) of the Act, a prescribed condition is that, in respect of a redemption of a Class A share of a corporation’s c
    11. 6707 For the purpose of subsection 204.82(5) of the Act, a prescribed provision of a law of a province means section 25.1 of the Community Small Business Invest
    12. 6708 For the purposes of paragraph 204.8(2)(b), section 27.2 of the Community Small Business Investment Funds Act, 1992, S.O. 1992, c. 18, is a prescribed wind-
    13. 6709 For the purposes of section 211.81 of the Act, sections 1086.14 and 1086.20 of the Taxation Act, R.S.Q., c. I-3, are prescribed provisions of a provincial
71. Part LXVIII · Prescribed Plans, Arrangements and Contributions
    1. 6800 For the purpose of paragraph (e) of the definition employee benefit plan in subsection 248(1) of the Act, each of the following is a prescribed arrangement
    2. 6801 For the purposes of paragraph (l) of the definition salary deferral arrangement in subsection 248(1) of the Act, a prescribed plan or arrangement is an arr
    3. COVID-19 — Deferred salary leave plan
    4. Contributions to Foreign Plans
72. Part LXIX · Prescribed Offshore Investment Fund Properties
    1. 6900 For the purpose of paragraph 94.1(2)(a) of the Act, an offshore investment fund property (within the meaning assigned by subsection 94.1(1) of the Act) of
    2. 6901 [Repealed, SOR/85-696, s. 18]
73. Part LXX · Accrued Interest on Debt Obligations
    1. 7000
    2. Indexed Debt Obligations
74. Part LXXI · Prescribed Federal Crown Corporations
    1. 7100 For the purposes of subsections 27(2) and (3), the definition private corporation in subsection 89(1) and subsection 124(3) of the Act, the following are p
75. Part LXXII · [Repealed, SOR/2001-295, s. 5]
76. Part LXXIII · Prescribed Amounts and Areas
    1. 7300 For the purposes of paragraph 12(1)(x) of the Act, prescribed amount means
    2. 7301 [Repealed, SOR/2001-295, s. 6]
    3. 7302 and 7303 [Repealed, SOR/93-440, s. 1]
    4. 7303.1
    5. 7304
    6. 7305
    7. 7305.01
    8. 7305.02
    9. 7305.1 For the purpose of subparagraph (v) of the description of A in paragraph 6(1)(k) of the Act, the amount prescribed for a taxation year is
    10. 7306 For the purposes of paragraph 18(1)(r) of the Act, the amount in respect of the use of one or more automobiles in a taxation year by an individual for kilo
    11. 7307
    12. 7308
    13. 7309 For the purpose of section 67.6 of the Act, penalties imposed under paragraph 110.1(1)(a) of the Excise Act are prescribed.
    14. 7310 For the purpose of the definition eligible apprentice in subsection 127(9) of the Act, a prescribed trade in respect of a province means, at all times in a
77. Part LXXIV · Prescribed Forest Management Plans for Woodlots
    1. 7400
78. Part LXXV · [Repealed, 2013, c. 33, s. 36]
    1. 7500 [Repealed, 2013, c. 33, s. 36]
79. Part LXXVI · Carved-out Property Exclusion
    1. 7600 For the purposes of paragraph (g) of the definition carved-out property in subsection 209(1) of the Act, a prescribed property at any time is
80. Part LXXVII · Prescribed Prizes
    1. 7700 For the purposes of subparagraph 56(1)(n)(i) of the Act, a prescribed prize is any prize that is recognized by the general public and that is awarded for m
81. Part LXXVIII · Specified Pension Plans
    1. 7800 For the purposes of the definition specified pension plan in subsection 248(1) of the Act, a prescribed arrangement is the Saskatchewan Pension Plan establ
82. Part LXXIX · Prescribed Financial Institutions
    1. 7900 For the purposes of the definitions excluded income and excluded revenue and specified deposit in subsection 95(2.5) of the Act, each of the following is a
83. Part LXXX · Prescribed Reserve Amount and Recovery Rate
    1. 8000 For the purpose of clause 20(1)(l)(ii)(C) of the Act, the prescribed reserve amount for a taxation year means the aggregate of
    2. 8001 [Repealed, SOR/99-91, s. 3]
    3. 8002 For the purposes of paragraph 8000(a),
    4. 8003 Where a taxpayer elects to have this section apply by notifying the Minister in writing within 90 days after the day on which this section is published in
    5. 8004 [Repealed, SOR/99-91, s. 5]
    6. 8005 For the purposes of subparagraph 8000(a)(ii), where a loan or lending asset of a person (in this section referred to as the “holder”) related to a taxpayer
    7. 8006 For the purposes of this Part,
    8. 8007 [Repealed, SOR/99-91, s. 7]
84. Part LXXXI · [Repealed, 2013, c. 34, s. 406]
    1. 8100 [Repealed, 2013, c. 34, s. 406]
    2. 8101 [Repealed, 2013, c. 34, s. 406]
    3. 8102 [Repealed, 2013, c. 34, s. 406]
    4. 8103 [Repealed, 2013, c. 34, s. 406]
    5. 8104 [Repealed, 2013, c. 34, s. 406]
    6. 8105 [Repealed, 2013, c. 34, s. 406]
85. Part LXXXII · Prescribed Properties and Permanent Establishments
    1. Prescribed Properties
    2. Permanent Establishments
86. Part LXXXIII · Pension Adjustments, Past Service Pension Adjustments, Pension Adjustment Reversals and Prescribed Amounts
    1. Interpretation
    2. Pension Adjustments
    3. Benefit Entitlement
    4. Past Service Pension Adjustment
    5. Past Service Benefits — Additional Rules
    6. Pension Adjustment Reversal
    7. Association of Benefits with Employers
    8. Exemption from Certification
    9. Certification in Respect of Past Service Events
    10. Special Rules
    11. Foreign Plans
    12. Prescribed Amount for Member of Foreign Plan
    13. Specified Retirement Arrangements
    14. Government-Sponsored Retirement Arrangements
    15. Prescribed Amount for Lieutenant Governors and Judges
    16. Minister’s Powers
    17. Rounding of Amounts
87. Part LXXXIV · Retirement and Profit-sharing Plans — Reporting and Provision of Information
    1. Definitions
    2. Pension Adjustment
    3. Past Service Pension Adjustment
    4. Pension Adjustment Reversal
    5. Government-Sponsored Retirement Arrangements
    6. Connected Persons
    7. Reporting to Individuals
    8. Discontinuance of Business
    9. Provision of Information
    10. Qualifying Withdrawals
    11. Requirement To Provide Minister with Information
    12. Annual Information Returns
    13. Actuarial Reports
88. Part LXXXV · Registered Pension Plans
    1. Interpretation
    2. Prescribed Conditions for Registration and Other Conditions Applicable to Registered Pension Plans
    3. Conditions Applicable to all Plans
    4. Defined Benefit Provisions
    5. Maximum Benefits
    6. Additional Benefits on Downsizing
    7. Money Purchase Provisions
    8. Periods of Reduced Pay
    9. Salary Deferral Leave Plan
    10. Transition Rules
    11. Multi-employer Plans and Other Special Plans
    12. Conditions Applicable to Amendments
    13. Registration and Amendment
    14. Designated Laws
    15. Prohibited Investments
    16. Special Rules for Designated Plans
    17. Eligible Contributions
    18. Transfer — Defined Benefit to Money Purchase
    19. Association of Benefits with Time Periods
    20. Minister’s Actions
89. Part LXXXVI · Taxable Capital Employed in Canada
    1. 8600 For the purposes of this Part and Part I.3 of the Act,
    2. 8601 For the purpose of determining the taxable capital employed in Canada of a corporation for a taxation year under subsection 181.2(1) of the Act, the prescr
    3. 8602 For the purposes of paragraph (b) of the definition Canadian surtax payable in subsection 125.3(4) of the Act, the prescribed proportion of the amount dete
    4. 8603 For the purposes of Part VI of the Act,
    5. 8604 [Repealed, 2013, c. 34, s. 411]
    6. 8605
90. Part LXXXVII · National Arts Service Organizations
    1. 8700 For the purposes of paragraph 149.1(6.4)(d) of the Act, the following conditions are prescribed for a national arts service organization:
91. Part LXXXVIII · Disability-related Modifications and Apparatus
    1. 8800 The renovations and alterations that are prescribed for the purposes of paragraph 20(1)(qq) of the Act are
    2. 8801 The devices and equipment that are prescribed for the purposes of paragraph 20(1)(rr) of the Act are
92. Part LXXXIX · Entities Prescribed with Respect to Certain Rules
    1. International Organizations
93. Part LXXXIX.1 · COVID-19 Wage and Rent Subsidies
    1. 8901.1
    2. 8901.2 Definitions
94. Part XC · Financial Institutions — Prescribed Entities and Properties
    1. Prescribed Person not a Financial Institution
    2. Prescribed Property not Mark-to-Market Property
    3. Prescribed Property not Mark-to-Market Property
    4. Prescribed Payment Card Corporation Share not Mark-to-Market Property
    5. Significant Interest in a Corporation
    6. Financing Arrangement not a Specified Debt Obligation
    7. Prescribed Non-reporting Financial Institution
    8. Prescribed Excluded Accounts
95. Part XCI · Financial Institutions — Income from Specified Debt Obligations
    1. Interpretation
    2. Prescribed Inclusions and Deductions
    3. General Accrual Rules
    4. Accrual Rules — Special Cases and Transition
    5. Foreign Exchange Adjustment
96. Part XCII · Financial Institutions — Disposition of Specified Debt Obligations
    1. Interpretation
    2. Prescribed Debt Obligations
    3. Residual Portion of Gain or Loss
    4. Special Rules for Residual Portion of Gain or Loss
97. Part XCIII · Film or Video Production Services Tax Credit
    1. Accredited Production
98. Part XCIV · [Repealed, 2016, c. 7, s. 59]
    1. 9400 [Repealed, 2016, c. 7, s. 59]
    2. 9401 [Repealed, 2016, c. 7, s. 59]
99. Part XCV · Employee Life and Health Trusts
    1. 9500 Prescribed rights
100. Part XCVI · School Supplies Tax Credit
     1. 9600 Prescribed durable goods
101. Part XCVII · COVID-19 — Air Quality Improvement Tax Credit
     1. 9700 Tax credit — air quality improvement
102. Schedule I · Ranges of Remuneration and of Total Remuneration (Sections 100, 102 and 106)
     1. 1 For the purposes of paragraph 102(1)(c), the ranges of remuneration for each pay period in a taxation year shall be determined as follows:
     2. 2 For the purposes of paragraph 102(1)(d), the mid-point of the range of amount of personal credits for a taxation year shall be as follows:
103. Schedule II · Capital Cost Allowances (Sections 215, 700, 701, 1100 to 1105, 1205, 1206, 1700, 1704, 3900, 4600, 4601, 5202 and 5204)
104. Schedule III · Capital Cost Allowances, Class 13 (Section 1100)
     1. 1 For the purposes of paragraph 1100(1)(b), the amount that may be deducted in computing the income of a taxpayer for a taxation year in respect of the capital
     2. 2 Subject to section 3 of this Schedule, the prorated portion for the year of the part of the capital cost, incurred in a particular taxation year, of a particu
     3. 3 For the purpose of determining, under section 2 of this Schedule, the prorated portion for the year of the part of the capital cost, incurred in a particular
     4. 4 Where a taxpayer has acquired a property that would, if the property had been acquired by a person with whom the taxpayer was not dealing at arm’s length at t
105. Schedule IV · Capital Cost Allowances, Class 15 (Sections 1100 and 1101)
     1. 1 For the purposes of paragraph 1100(1)(f), the amount that may be deducted in computing the income of a taxpayer for a taxation year in respect of property des
     2. 2 Where all the property of the class is used in connection with one timber limit or section thereof, the rate per cord, board foot or cubic metre is the amount
     3. 3 Where a part of the property of the class is used in connection with one timber limit or a section thereof and a part is used in connection with another limit
106. Schedule V · Capital Cost Allowances, Industrial Mineral Mines (Sections 1100, 1101 and 1104)
     1. 1 For the purposes of paragraph 1100(1)(g), the amount that may be deducted in computing the income of a taxpayer for a taxation year in respect of a property d
     2. 2 If the taxpayer has not been granted an allowance in respect of the mine or right for a previous taxation year, the rate for a taxation year is determined by
     3. 3 Where the taxpayer has been granted an allowance in respect of the mine or right in a previous taxation year, the rate for the taxation year is
     4. 4 In lieu of the aggregate of deductions otherwise allowable under this Schedule, a taxpayer may elect that the deduction for the taxation year be the lesser of
     5. 5 In this Schedule, residual value means the estimated value of the property if all commercially mineable material were removed.
107. Schedule VI · Capital Cost Allowances, Timber Limits and Cutting Rights (Sections 1100 and 1101)
     1. 1 For the purposes of paragraph 1100(1)(e), the amount that may be deducted in computing the income of a taxpayer for a taxation year in respect of the capital
     2. 2 If the taxpayer has not been granted an allowance in respect of the limit or right for a previous taxation year, the rate for a taxation year is an amount det
     3. 3 If the taxpayer has been granted an allowance in respect of the limit or right in a previous taxation year, the rate for a taxation year is
     4. 4 In lieu of the deduction otherwise determined under this Schedule, a taxpayer may elect that the deduction for a taxation year be the lesser of
     5. 5 In this Schedule, residual value means the estimated value of the property if the merchantable timber were removed.
108. Schedule VII · (Section 4400)
109. Schedule VIII · [Repealed, 2018, c. 12, s. 46]
110. Schedule S IX AND X
111. Amendments not in force